Report

IQ 4Q24 Results: Sufficient Content Pipeline for 2025

What’s new: iQIYI's reported 4Q24 revs that were largely in-line with consensus and our expectations. The company has launched a series of blockbusters since late Nov which led to a rebound in business performance including increase in subscribing members since end of 2024. Content pipeline remains sufficient for 2025. We maintain our PT at USD3.50.

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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