IQ IQIYI Inc. Sponsored ADR Class A

iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 4.00% Convertible Senior Notes due 2026

iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 4.00% Convertible Senior Notes due 2026

BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 4.00% Convertible Senior Notes due 2026 (CUSIP No. 46267XAE8) (the “Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Tuesday, July 30, 2024. Based on information from Citibank, N.A. as the paying agent for the Notes, US$395,450,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate amount of the repurchase price of these Notes (including the aggregate principal amount of the Notes plus accrued and unpaid interest) (the “Repurchase Price”) is US$397,471,188.84. The Company has forwarded cash in payment of the Repurchase Price to the Paying Agent for distribution to the Holders that had validly exercised their repurchase right. Following settlement of the repurchase, US$157,000 aggregate principal amount of the Notes will remain outstanding and continue to be subject to the existing terms of the Indenture and the Notes.

About iQIYI, Inc.

iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster an environment for continuous innovation and the production of blockbuster content. It produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content in a variety of formats. iQIYI distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. Over time, iQIYI has built a massive user base and developed a diversified monetization model including membership services, online advertising services, content distribution, online games, IP licensing, talent agency, online literature, etc.

For further information, please contact:

Investor Relations

iQIYI, Inc.



EN
01/08/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on IQIYI Inc. Sponsored ADR Class A

Jin Yoon
  • Jin Yoon

IQ: Easing Content Production Rules Could Further Improve Visibility o...

What’s New: Shares of IQ have been up 36% since Aug 18 when the National Radio and Television Administration (NRTA) held a meeting to communicate measures to improve drama content production rules and promote sustainability of the long-form video content industry. While financial impact remains limited in the near term, longer-term implications including shortening of content production cycle could strengthen content supply – benefitting the recovery of membership and ads segment. The shortened ...

Jin Yoon
  • Jin Yoon

IQ 2Q25 Results: Updated Rules Could Drive Upside in LF Video

What’s new: iQIYI's reported 2Q25 revs that were largely in-line with consensus and our expectations. While near-term financials could remain under pressure, the updated rules from National Radio and Television Administration could strengthen content supply – potentially benefitting the recovery of membership and ads segment. We up our PT from US$2.00 to US$2.60 partly due to a favorable regulatory environment. Our updated PT of US$2.60 implies 1.0x FY26E EV/Revs. We maintain our BUY rating. An...

 PRESS RELEASE

iQIYI Announces Second Quarter 2025 Financial Results

iQIYI Announces Second Quarter 2025 Financial Results BEIJING, Aug. 20, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the second quarter ended June 30, 2025.          Second Quarter 2025 Highlights Total revenues were RMB6.63 billion (US$925.3 million1), decreasing 11% year over year.Operating loss was RMB46.2 million (US$6.4 million) and operating loss margin was 1%, compared to operating income of RMB342...

 PRESS RELEASE

iQIYI to Report Second Quarter 2025 Financial Results on August 20, 20...

iQIYI to Report Second Quarter 2025 Financial Results on August 20, 2025 BEIJING, July 22, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the second quarter ended June 30, 2025 before the U.S. market opens on August 20, 2025. iQIYI’s management will hold an earnings conference call at 7:00 AM on August 20, 2025, U.S. Eastern Time (7:00 PM on August 20, 2025, Beijing Time). Please register in advance of the conference using t...

Jin Yoon
  • Jin Yoon

IQ 2Q25 Preview: Lowering 2Q Estimates

What’s New: We nudge down our 2Q25 top-line growth estimates partly due to rescheduling and underperformance of some of the recent content releases. Analysts: Jin Yoon

ResearchPool Subscriptions

Get the most out of your insights

Get in touch