iQiyi (IQ)

[patriotcat2002]

On the streaming side, 50 million subs seems like a solid number. But, China has around 250 million and growing internet households. So, iQiyi has an internet household penetration rate of just 20% in China.
By comparison, Netflix has nearly 60 million subs in the U.S. in a market where there are about 120 million internet households, meaning Netflix has a 50% internet household penetration rate in the U.S.
From that perspective, assuming iQiyi remains the dominant paid streaming platform in China, there is runway for this company to more than double its subscriber base to 125 million plus over the next several years.