IQiyi -9.6% as losses widen on higher spending [Seeking Alpha]
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: Seeking Alpha
IQiyi (NASDAQ: IQ ) has after hours following its Q2 report, where it grew revenues by double digits but increased operating losses as content and marketing costs continued to increase. Revenues rose 15% to 7.1B yuan; costs of revenues increased 14%, to 7B yuan. Of those costs, content costs rose 7% to 5B yuan. Meanwhile, SG&A expenses increased 4@% to 1.3B yuan and R&D expenses jumped 48% to 654.6M yuan. Operating loss increased to 1.9B yuan from 1.3B, and attributable net loss ticked up to 2.3B ($339M) form 2.1B yuan. Revenue breakout: Membership services, 3.4B yuan (up 38%); Online advertising, 2.2B yuan (down 16%); Content distribution, 517.9M yuan (down 4%); other, 979.2M yuan (up 82%). Liquidity was 16.4B yuan (about $2.4B) as of quarter's end. Conference call to come at 8 p.m. ET. Press release See all stocks on the move » Now read: Data-center firm 21Vianet -3.1% on wider loss » Subscribe for full text news in your inbox
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IQ
News
- China's ‘Netflix' iQiyi pivots toward an aging population in an AI era [CNBC]CNBC
- iQIYI to Report First Quarter 2024 Financial Results on May 16, 2024GlobeNewswire
- Is iQIYI (IQ) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- iQIYI, Inc. (NASDAQ: IQ) had its "mixed" rating re-affirmed by analysts at OTR Global.MarketBeat
- iQIYI Launches 'Art Films' Series, Celebrating Artistic Filmmaking and Global MasterpiecesPR Newswire
IQ
Earnings
- 2/28/24 - Beat
IQ
Sec Filings
- 3/15/24 - Form 144
- 3/14/24 - Form 20-F
- 2/29/24 - Form 6-K
- IQ's page on the SEC website