IQ: Hit Dramas Drive Increasing Video Views; Expect 2Q21 Revenue To Be In Line With Consensus
IQ will report 2Q21 results on August 12th before the markets open with a 7am EST conference call. We are positive on IQ’s performance in 2Q21E given the tight policy environment. One of iQiyi’s variety shows, “Youth With You”, was banned by the Chinese government toward the end of the season, which is likely to have some impact on the associated advertising revenues. Otherwise, the company would have better 2Q21 results. Based on our data and calculations, IQ’s total revenue in 2Q21 is likely to be in line with consensus expectation at RMB7,440M.
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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