DouYu Reports a $9M Profit in Q3 2020 as Live-Streaming Revenues Increase by 41.3% | The Esports Observer

NASDAQ-traded Chinese game-centric live streaming platform DouYu International Holdings reported its financial results for the third quarter of 2020. The company generated net revenues of ¥2.55B RMB ($385M USD) for the period ended Sept. 30, which marks an increase of roughly 37% year-over-year compared to ¥1.86B ($281M) in Q3 2019. DouYu’s major source of revenue […]


Tencent Reports 45% Increase in Online Games Revenues, Nets $5.88B Profit for Q3 2020 | The Esports Observer

Chinese multinational investment holding conglomerate Tencent Holdings released its financial earnings report for the third quarter of 2020. The company generated total net revenues of ¥125.5B RMB ($18.9B USD) in Q3 2020, an increase of 29% from ¥97.2B ($14.7B) in the same period of 2019. The company reported that its quarterly revenues from online games […]


Playfly Rebrands Collegiate StarLeague to Increase Focus on Academic Esports Infrastructure | The Esports Observer

Playfly Sports will combine the assets of its recently acquired esports properties World Gaming Network and Collegiate StarLeague. The company will sunset the World Gaming Network brand, and with it Playfly’s efforts in the amateur esports space. The newly combined resources of these two assets will form CSL Esports, a company leveraging Collegiate StarLeague’s decade […]