- Chinese game-centric live streaming platform DouYu International Holdings Ltd’s (NASDAQ:DOYU) board authorized a share buyback program of up to $100 million of its ordinary shares in the form of ADSs commencing on August 30, 2021.
- The company expects to use its existing funds to fund repurchases made under this program.
- DouYu, which held $1 billion in cash and equivalents, just marginally beat its Q2 revenue consensus and managed to remain in line with the EPS consensus.
- Price Action: DOYU shares traded higher by 1.59% at $3.84 in the premarket session on the last check Monday.
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