InvestorsHub Logo
Post# of 664
Next 10
Followers 18
Posts 1646
Boards Moderated 0
Alias Born 06/26/2014

Re: None

Monday, 11/16/2020 5:07:37 PM

Monday, November 16, 2020 5:07:37 PM

Post# of 664
iQIYI Posts Smaller-Than-Expected Q3 Loss, Lower Subscribing Members, Sets Q4 Guidance
2020-11-16 04:48:09 PM ET (MT Newswires)
   
   
04:48 PM EST, 11/16/2020 (MT Newswires) -- iQIYI (IQ) on Monday narrowed its net loss to RMB1.61 ($0.24) per ADS from RMB5.04 a year earlier, smaller than analysts' estimates of RMB2.69 per ADS in a Capital IQ poll.

Revenues fell 3% to RMB7.2 billion ($1.1 billion) from a year ago, broadly in-line with market expectations.

The video streaming service company, a unit of China's search engine Baidu (BIDU), reported 104.8 million subscribing members in Q3, down from 105.8 million a year ago.

For Q4, iQIYI expects revenue of RMB7.28 billion to RMB7.73 billion, against the Street consensus of RMB7.51 billion.

I use both Fundamental and Technical Analysis.
Opinions posted by me are just that, my opinion.
Buy/sell any type of financial security is the sole
decision of the individual. Make your own sound
judgement or consult a professional licensed
advisor.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IQ News