iQIYI Announces Third Quarter 2024 Financial Results
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: GlobeNewswire
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 margin of 9% in the same period in 2023.Non-GAAP operating income2 was RMB368.6 million (US$52.5 million) and non-GAAP operating income margin was 5%, compared to non-GAAP operating income of RMB894.9 million and non-GAAP operating income margin of 11% in the same period in 2023.Net income attributable to iQIYI was RMB229.4 million (US$32.7 million), compared to net income attributable to iQIYI of RMB475.9 million in the same period in 2023.Non-GAAP n
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News
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- iQIYI, Inc. (NASDAQ: IQ) had its price target lowered by analysts at JPMorgan Chase & Co. from $2.50 to $1.80. They now have a "neutral" rating on the stock.MarketBeat
- iQIYI, Inc. (NASDAQ: IQ) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
IQ
Earnings
- 11/21/24 - Beat
IQ
Sec Filings
- 12/4/24 - Form SC
- 11/25/24 - Form 144
- 11/21/24 - Form 6-K
- IQ's page on the SEC website