iQIYI Q1 2024 Earnings Report

iQIYI EPS Results

• Actual EPS: $0.10
• Consensus EPS: $0.06
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: N/A

iQIYI Revenue Results

• Actual Revenue: $1.11 billion
• Expected Revenue: $1.09 billion
• Beat/Miss: Beat by +$15.46 million
• YoY Revenue Growth: N/A

iQIYI Announcement Details

• Quarter: Q1 2024
• Date: 5/16/2024
• Time: N/A

iQIYI (NASDAQ:IQ), together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content. It also offers membership, online advertising, content distribution, and live broadcasting services. In addition, the company operates iQIYI Show, a live broadcasting platform that enables users to follow their favorite hosts and shows in real time through live broadcasting; and iQIYI Lite that offers an easy and quick access to the personalized videos based on their user preferences. Further, it is involved in the talent agency and IP licensing activities, as well as engages in developing a video community app. The company was formerly known as Qiyi.com, Inc. and changed its name to iQIYI, Inc. in November 2017. iQIYI, Inc. was incorporated in 2009 and is headquartered in Beijing, China. iQIYI, Inc. is a subsidiary of Baidu, Inc.