reports
- Jin Yoon
IQ 3Q24 Results: Near Term Outlook Remains Challenging
What’s new: iQIYI's reported 3Q24 revs that were largely in-line with consensus and our expectations. Near-term outlook could remain challenging as membership revs could sequentially decline in 4Q partly due to weaker content pipeline in the 1H of the quarter. We lower our PT from US$8 to US$3.50 amid lowered outlook. Our updated PT of US$3.50 implies 14.0x FY25E P/E. We maintain our BUY rating. Analysts: Jin Yoon
iQIYI Announces Third Quarter 2024 Financial Results
iQIYI Announces Third Quarter 2024 Financial Results BEIJING, Nov. 21, 2024 (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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total revenues were RMB7.2 billion (US$1.0 billion1), decreasing 10% year over year.Operating income was RMB238.9 million (US$34.0 million) and operating income margin was 3%, compared to operating income of RMB746.7 million and operating income ...
iQIYI to Report Third Quarter 2024 Financial Results on November 21, 2...
iQIYI to Report Third Quarter 2024 Financial Results on November 21, 2024 BEIJING, Oct. 28, 2024 (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 third quarter ended September 30, 2024 before the U.S. market opens on November 21, 2024. iQIYI’s management will hold an earnings conference call at 6:30 AM on November 21, 2024, U.S. Eastern Time (7:30 PM on November 21, 2024, Beijing Time). Please register in advance of the conference ...
- Jin Yoon
- Jin Yoon
IQ 2Q24 Results: Membership Could Take Time to Recover
What’s new: iQIYI's reported 2Q24 results that were largely in-line with consensus and our expectations. Rev growth in 3Q could remain challenging as the membership segment could take time to recover. We maintain our PT at USD 8. Analysts: Jin Yoon
iQIYI Announces Second Quarter 2024 Financial Results
iQIYI Announces Second Quarter 2024 Financial Results BEIJING, Aug. 22, 2024 (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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues were RMB7.4 billion (US$1.0 billion1), decreasing 5% year over year.Operating income was RMB342.1 million (US$47.1 million) and operating income margin was 5%, compared to operating income of RMB610.4 million and operating income margin ...
iQIYI, Inc. Announces the Results of the Repurchase Right Offer for It...
iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 4.00% Convertible Senior Notes due 2026 BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 4.00% Convertible Senior Notes due 2026 (CUSIP No. 46267XAE8) (the “Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Tuesday, July 30, 2024. Based on information from Citibank, N.A. as the pay...
- Jin Yoon
iQIYI to Report Second Quarter 2024 Financial Results on August 22, 20...
iQIYI to Report Second Quarter 2024 Financial Results on August 22, 2024 BEIJING, July 17, 2024 (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 second quarter ended June 30, 2024 before the U.S. market opens on August 22, 2024. iQIYI’s management will hold an earnings conference call at 7:00 AM on August 22, 2024, U.S. Eastern Time (7:00 PM on August 22, 2024, Beijing Time). Please register in advance of the conference using the l...
iQIYI, Inc. Announces Repurchase Right Notification for 4.00% Converti...
iQIYI, Inc. Announces Repurchase Right Notification for 4.00% Convertible Senior Notes due 2026 BEIJING, May 28, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it is notifying holders of its 4.00% Convertible Senior Notes due 2026 (CUSIP No. 46267XAE8) (the “Notes”) that pursuant to the Indenture and the First Supplemental Indenture, each dated as of December 21, 2020 (together, the “Indenture”) relating to the Notes by and between the Company and Citicorp International ...
- Jin Yoon
IQ 1Q24 Results: Driving Efficiency Remains a Key Focus in FY24
What’s new: iQIYI's reported 1Q24 margins that were above consensus and our expectations. High quality growth remains a key focus where profitability could continue to outgrow revenues as content pipeline remains sufficient in 2024. We lower our PT from USD 10 to USD 8 due to lowered FY24 outlook. Our revised PT of USD 8 implies 2.0x FY24E EV/Revs. We maintain our BUY rating. Analysts: Jin Yoon
iQIYI Announces First Quarter 2024 Financial Results
iQIYI Announces First Quarter 2024 Financial Results BEIJING, May 16, 2024 (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, 2024. First Quarter 2024 Highlights Total revenues were RMB7.9 billion (US$1.1 billion1), decreasing 5% year over year.Operating income was RMB944.8 million (US$130.8 million) and operating income margin was 12%, compared to operating income of RMB858.6 million and operating income margin ...
iQIYI to Report First Quarter 2024 Financial Results on May 16, 2024
iQIYI to Report First Quarter 2024 Financial Results on May 16, 2024 BEIJING, April 12, 2024 (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, 2024 before the U.S. market opens on May 16, 2024. iQIYI’s management will hold an earnings conference call at 7:00 AM on May 16, 2024, U.S. Eastern Time (7:00 PM on May 16, 2024, Beijing Time). Please register in advance of the conference using the link provided...
iQIYI Files Its Annual Report on Form 20-F
iQIYI Files Its Annual Report on Form 20-F BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on March 14, 2024, U.S. Eastern Time. The annual report can be accessed on the Company’s investor relations website at The Company will provide a hard copy of its annual report containing the audited consolidated financial statements,...
- Jin Yoon
IQ 4Q23 Results: Profitability to Continue to Outgrow Revs in ‘24
What's new: iQIYI's reported 4Q23 results were largely in-line with consensus and our expectations. High quality growth remains a key focus where profitability could continue to outgrow revenues as content pipeline remains sufficient in 2024. We maintain our PT at USD 10. Analysts: Jin Yoon
iQIYI Announces Fourth Quarter and Fiscal Year 2023 Financial Results
iQIYI Announces Fourth Quarter and Fiscal Year 2023 Financial Results BEIJING, China, Feb. 28, 2024 (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 fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Total revenues were RMB7.7 billion (US$1.1 billion1), increasing 1% year over year.Operating income was RMB773.7 million (US$109.0 million) and operating income margin was 10%, compared to operating income of ...
iQIYI to Report Fourth Quarter and Fiscal Year 2023 Financial Results ...
iQIYI to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024 BEIJING, Feb. 06, 2024 (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 fourth quarter and fiscal year ended December 31, 2023 before the U.S. market opens on February 28, 2024. iQIYI’s management will hold an earnings conference call at 6:30 AM on February 28, 2024, U.S. Eastern Time (7:30 PM on February 28, 2024, Beijing Time). Please r...
- Jin Yoon
IQ 4Q23 Preview: Nudging Down Estimates on Delayed Content Launches
What’s New: We nudge down our 4Q23 estimates partly due to adjustments in content scheduling that may impact membership and licensing revenues for the quarter. Margins could hold up amid continued cost controls and lower content cost due to delay in content launches. In this note, we highlight the latest business updates and margin outlook. Analysts: Jin Yoon
- Jin Yoon
IQ 3Q23 Results: Sufficient Content Pipeline to Drive Growth in 2024
What's new: iQIYI's reported 3Q23 results were largely in-line with consensus and our expectations. Membership revs could remain flat sequentially, while ads could decelerate in 4Q partly due to seasonality in brand ads and gradual recovery in consumption environment. Content remains a key driver for top-line growth where pipeline remains sufficient heading into 2024. We maintain our PT at USD 10.
iQIYI Announces Third Quarter 2023 Financial Results
iQIYI Announces Third Quarter 2023 Financial Results BEIJING, Nov. 21, 2023 (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 third quarter ended September 30, 2023. Third Quarter 2023 Highlights Total revenues were RMB8.0 billion (US$1.1 billion1), increasing 7% year over year.Operating income was RMB746.7 million (US$102.4 million) and operating income margin was 9%, compared to operating income of RMB309.7 million and operating income marg...
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