New Street Research - IQIYI Inc. Sponsored ADR Class A (IQ) New Street: IQ 3Q22 Results - Content Supply Looks to Normalize

Report

New Street Research

Jin Yoon

New Street: IQ 3Q22 Results - Content Supply Looks to Normalize

What's new: iQIYI's reported 3Q22 top and bottom lines that were above consensus despite macro headwinds. Membership and ads could continue to recover on a sequential basis driven by strong content pipeline in 4Q. We maintain our PT at USD10 on a continued recovery of the overall business driven by normalizing of content supply.

Analysts:
Jin Yoon

25/11/2022 1 EN

Underlying

IQIYI Inc. Sponsored ADR Class A

See profile

US46267X1081 NASDAQ Stock Market United States

Provider

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

See profile

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

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

SATS just filed a new 8-K saying it will make the interest payments on Monday, avoiding a Chapter 11 filing. Our New Street colleagues have published a note today with their perspective. In this note we describe the filing and its implications.

EUR 8533.00

11h / 18m 11h / 18m 1 EN

Blair Levin

Blair Levin

Supreme Court Upholds USF Framework but Reform Still Ahead

Today, the Supreme Court issued its opinion in the case challenging the legality of Universal Service Fund (USF) framework. As we had predicted, the Court upheld the current framework. In this note we analyze the implications of the decision for the USF reform efforts ahead in the Congress and FCC.

EUR 8533.00

11h / 20m 11h / 20m 1 EN

Jonathan Chaplin

Jonathan Chaplin

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

After launching 5-year price guarantee plans in April, Comcast has now announced some tweaks to plans that are discounted for one year, and to rack rates. These announcements are less meaningful than the 5-year plans, though they continue to inch gradually in the right direction. Our quick thoughts in this brief note.

EUR 8533.00

11h / 25m 11h / 25m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

New Street: IQ 3Q22 Results - Content Supply Looks to Normalize

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

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe