IQ: Hanging Headwinds Impact Growth Outlook; Expect In Line 3Q19 Revenue
IQ will report 3Q19 results on November 6th after the markets close followed by a 7pm EST conference call. Based on our data and calculations, we believe IQ’s total revenue is likely to be in line with consensus expectation at RMB7,240M and toward the lower end of its guidance range. Subscribing members in 3Q19 is likely to be 102.0M, vs. 100.5M in 2Q19 with ~1.5M additions. 2019 is not a good year for IQ as it is facing multiple headwinds.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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