iQIYI Inc

IQ

Equity

ISIN US46267X1081 / Valor 40724262

NASDAQ (2024-11-22)

USD 1.95-3.47%

iQIYI Inc
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About company

iQIYI, Inc., listed on the Nasdaq under the ticker symbol IQ, is a prominent online entertainment service provider in China, known for its comprehensive video content offerings. The company has established itself as a key player in the digital entertainment industry by leveraging a combination of creative talent and advanced technology, including artificial intelligence (AI) and big data analytics, to produce and distribute a wide array of professional content. iQIYI's portfolio includes a mix of original drama series, variety shows, and other video formats, many of which have gained significant popularity and critical acclaim. The firm operates with a multifaceted revenue model that encompasses membership services, online advertising, content distribution, online gaming, IP licensing, and more. With a strong focus on innovation and content quality, iQIYI has successfully attracted a substantial subscriber base exceeding 100 million, underscoring its position as a leader in China's online entertainment sector.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Total Revenues

iQIYI Inc's total revenues for the first quarter of 2024 were RMB7.9 billion (US$1.1 billion), representing a 5% decrease year over year. This decline was primarily attributed to a high base effect from the same period last year.

Operating Income

For the first quarter of 2024, iQIYI Inc reported an operating income of RMB944.8 million (US$130.8 million), which marks a 10% increase compared to the same period in 2023. The operating income margin also improved to 12%, up from 10% in the previous year.

Net Income

iQIYI Inc's net income attributable to the company for the first quarter of 2024 was RMB655.3 million (US$90.8 million), showing a 6% increase year over year. This improvement reflects the company's enhanced operating efficiency and strategic execution.

Non-GAAP Financials

In the first quarter of 2024, iQIYI Inc's non-GAAP operating income was RMB1.1 billion (US$150.4 million), with a non-GAAP operating income margin of 14%. However, the non-GAAP net income attributable to iQIYI decreased by 10% year over year to RMB844.3 million (US$116.9 million).

Cash Flow and Balance Sheet

iQIYI Inc generated positive operating cash flow of RMB937.8 million (US$129.9 million) in the first quarter of 2024. As of March 31, 2024, the company had cash, cash equivalents, short-term investments, and long-term restricted cash totaling RMB7.3 billion (US$1.0 billion), indicating a strong financial position.

Summarized from source with an LLMView Source

Key figures

-58.9%1Y

-70.7%3Y

-89.4%5Y

Performance

60.1%1Y

90.0%3Y

79.4%5Y

Volatility