IQ 2Q23 Results: Balance Between Subscribers and ARM for Membership Revs
What's new: iQIYI's reported 2Q23 top-line results were largely in-line with consensus and our expectations. Membership and ad revenues could remain resilient in 3Q partly driven by strong content pipeline in the summer months. As membership has reached a sizeable base, IQ would continue to balance the number of subscribers and ARM to further drive membership growth. We maintain our PT at USD 10.Analysts:
Jin Yoon
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.