iQIYI Growth Stalls In Fourth Quarter, As It Posts First Annual Profit [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
Despite the upbeat annual figures, IQ's fourth quarter results were more mixed and raised concerns over future challenges it could face amid growing consumer caution in China. The stock is down 16.6% in the last three months and has lost nearly half its value over the last year. iQIYI Inc. NASDAQ: IQ ), one of China's leading long-form video streaming platforms, posted its first annual profit last year, reporting net income of 1.9 billion yuan ($271 million) in 2023, reversing a 136.2 million loss the previous year, according to its latest earnings announcement on Wednesday. The company attributed the move into the black to a shift in its priorities in 2022, when it began downsizing its non-core businesses and investing further in premium original content. The 2022 commitment to original content helped the company boost its financial performance by drawing in more paying customers. "Building on the momentum of an iconic turnaround in 2022, 2023 stood as our best-performing ye
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IQ
News
- China sees resurgence of rap music as emerging musicians find their voices [FOX News]FOX News
- iQIYI Launches Over 300 Titles at 2024 World Conference, Fueling Growth with Diverse Content and Robust IP MonetizationPR Newswire
- iQIYI Launches Over 300 Titles at 2024 World Conference, Fueling Growth with Diverse Content and Robust IP MonetizationPR Newswire
- Are Investors Undervaluing iQIYI (IQ) Right Now? [Yahoo! Finance]Yahoo! Finance
- China's ‘Netflix' iQiyi pivots toward an aging population in an AI era [CNBC]CNBC
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