IQ: User Growth Slowdown Post Hike In 1Q20 During COVID-19; Ad Market Is Also Slowing Down
IQ will report 1Q20 results on August 13th after the markets close followed by an 8pm EST conference call. We are cautious on IQ’s performance in the near-term. Based on our data and calculations, we believe IQ’s total revenue in 2Q20 is likely to be slightly below consensus expectation at RMB7,318M as the users are likely to be down in 2Q20 post its hike in 1Q20 during COVID-19.
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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