IQ 4Q23 Results: Profitability to Continue to Outgrow Revs in ‘24
What's new: iQIYI's reported 4Q23 results were largely in-line with consensus and our expectations. High quality growth remains a key focus where profitability could continue to outgrow revenues as content pipeline remains sufficient in 2024. We maintain our PT at USD 10.Analysts:
Jin Yoon
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- Pan European Telecom Services and Cable
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