iQIYI Inc - ADR

NASDAQ:IQ   3:59:54 PM EDT
23.03
+0.22 (+0.96%)
Other Pre-Announcement, Equity Financing / Related

Iqiyi Announces Third Quarter 2020 Financial Results

Published: 11/16/2020 22:06 GMT
IQIYI Inc (IQ) - Iqiyi Announces Third Quarter 2020 Financial Results.
Q3 Revenue Rmb 7.2 Billion Versus Refinitiv Ibes Estimate of Rmb 8.31 Billion.
Sees Q4 2020 Revenue Down 3 Percent.
Qtrly Membership Services Revenue Was Rmb4.0 Billion (us$585.5 Million), Representing a 7% Increase From Same Period in 2019.
Qtrly Online Advertising Services Revenue Was Rmb1.8 Billion (us$271.0 Million), Representing a 11% Decrease From Same Period in 2019.
Qtrly Content Distribution Revenue Was Rmb392.3 Million (us$57.8 Million), Representing a 42% Decrease From Same Period in 2019.
Q4 Revenue View Cny 7.52 Billion -- Refinitiv Ibes Data (analyst estimates).
Number of Total Subscribing Members Was 104.8 Million As of September 30, 2020.
Qtrly Diluted Net Loss Attributable to Iqiyi per Ads Was Rmb1.61.
Qtrly Net Loss per Share for Class A and Class B Ordinary Shares Rmb 0.23.
Q3 Earnings per Share View Cny -2.66 -- Refinitiv Ibes Data (analyst estimates).