IQiyi, the Netflix of China, posts first year of profits and says it's ‘excited' about Sora [CNBC]
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: CNBC
Speaking exclusively to CNBC on Thursday, Wang said such tools can help iQiyi tell stories more creatively, and that internally, it is exploring the text-to-video space. But Wang indicated the tech's capabilities aren't yet necessarily able to offer people what they want. “We are waiting for the moment,” he said. OpenAI, the creator of artificial intelligence-powered chatbot ChatGPT, unveiled Sora earlier this month . Widespread public access to the tool, which appears to create cinematic scenes based on text prompts, remains limited. Wang's comments come as iQiyi on Wednesday reported it swung to a profit in 2023 for the first time since it listed in the U.S. in 2018. For nearly every year since, the company posted annual losses of $1 billion or more. After a major effort in 2022 to improve performance, iQiyi came close to breaking even. Net income finally turned positive in 2023, with a total of $271 million. IQiyi's strategy is not “audacious” Wang said, but rather a met
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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