Report

IQ 2Q24 Results: Membership Could Take Time to Recover

What’s new: iQIYI's reported 2Q24 results that were largely in-line with consensus and our expectations. Rev growth in 3Q could remain challenging as the membership segment could take time to recover. We maintain our PT at USD 8.

Analysts:
Jin Yoon
Underlying
IQIYI Inc. Sponsored ADR Class A

Provider
New Street Research
New Street Research

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


Analysts
Jin Yoon

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