New Street Research - IQIYI Inc. Sponsored ADR Class A (IQ) IQ 3Q23 Preview: Upside in Margins

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New Street Research

Jin Yoon

IQ 3Q23 Preview: Upside in Margins

What’s New: Margins could potentially see upside in 3Q partly driven by continued cost controls and growth in monthly average revenue per membership (or ARM). In this note, we highlight the latest business updates and margin outlook.

Analysts:
Jin Yoon

19/10/2023 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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Pan European Telecom Services and Cable

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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

GlobeNewsWire

iQIYI to Report First Quarter 2025 Financial Results on May 21, 2025

iQIYI to Report First Quarter 2025 Financial Results on May 21, 2025 BEIJING, April 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 first quarter ended March 31, 2025 before the U.S. market opens on May 21, 2025. iQIYI’s management will hold an earnings conference call at 7:00 AM on May 21, 2025, U.S. Eastern Time (7:00 PM on May 21, 2025, Beijing Time). Please register in advance of the conference using the link ...

April 22, 2025 April 22, 2025 1 EN

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IQ 3Q23 Preview: Upside in Margins

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

iQIYI Announces First Quarter 2025 Financial Results

iQIYI to Report First Quarter 2025 Financial Results on May 21, 2025

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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