New Street Research - IQIYI Inc. Sponsored ADR Class A (IQ) IQ 2Q25 Preview: Lowering 2Q Estimates

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New Street Research

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

18/07/2025 1 EN

Underlying

IQIYI Inc. Sponsored ADR Class A

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US46267X1081 NASDAQ Stock Market United States

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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.

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Analysts

Jin Yoon

Other Reports on these Companies

New Street Research

IQ 1Q25 Results: Margins Impacted by Investments in Micro Drama

What’s new: iQIYI's reported 1Q25 revs that were largely in-line with consensus and our expectations. Margins could continue to be impacted by incremental investments in micro drama. We lower our PT from US$3.50 to US$2.00 partly due to the lowered margin outlook. Our updated PT of US$2.00 implies 16.2x FY26E P/E. We maintain our BUY rating. Analysts: Jin Yoon

May 22, 2025 May 22, 2025 1 EN

GlobeNewsWire

iQIYI Announces First Quarter 2025 Financial Results

iQIYI Announces First Quarter 2025 Financial Results BEIJING, May 21, 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 first quarter ended March 31, 2025. First Quarter 2025 Highlights Total revenues were RMB7.19 billion (US$990.3 million1), decreasing 9% year over year.Operating income was RMB341.9 million (US$47.1 million) and operating income margin was 5%, compared to operating income of RMB944.8 million and operati...

May 21, 2025 May 21, 2025 1 EN

Telenor (Buy, TP: NOK 182, +11%) Q2 25: Strong results and EBITDA guidance raise

Telenor has reported a very good set of Q2 numbers, with SR c0.7% ahead of consensus and EBITDA +5.2% ahead; 2025 EBITDA guidance has been lifted for the Nordics and at the Group level. Guidance now implies c3% upside to FY25 Nordic EBITDA.

EUR 8605.00

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Vikash Harlalka

Vikash Harlalka

ATUS Quick Hit: Altice announces $1BN of asset backed term loan facility

Altice just announced that they have entered into a $1BN asset backed term loan facility. The debt issuance should help in refinancing part of the 2027 debt maturities. We provide some quick thoughts in this short note.

19h / 3m 19h / 3m 1 EN

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IQ 2Q25 Preview: Lowering 2Q Estimates

IQ 1Q25 Results: Margins Impacted by Investments in Micro Drama

iQIYI Announces First Quarter 2025 Financial Results

Telenor (Buy, TP: NOK 182, +11%) Q2 25: Strong results and EBITDA guidance raise

ATUS Quick Hit: Altice announces $1BN of asset backed term loan facility

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