iQiyi, Chinese Video Streamer, Profits Halved in Third Quarter [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
More from Variety Disney+ Core Subs Top 120 Million as Streaming Biz Profit Grows, 'Inside Out 2,' 'Deadpool & Wolverine' Drive Film Results Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19% Total revenues were RMB7.2 billion ($1.0 billion), a decrease of 10% year over year in the third quarter of iQiyi's current financial year. Net income attributable to iQiyi was RMB229 million ($32.7 million), compared to RMB476 million in the same period in 2023. The company no longer discloses subscriber numbers, only subscriber revenues. It said that membership services revenue was RMB4.4 billion ($622 million), decreasing 13% year over year, primarily due to a lighter content slate. Online advertising services revenue was RMB1.3 billion ($191 million), decreasing 20% year over year, primarily due to the decrease in brand advertising business, partially offset by the growth o
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TCEHY
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- 5/15/24 - Beat
TCEHY
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- 9/10/24 - New Street Research