iQIYI (NASDAQ: IQ) reported Q4 EPS of ($0.32), $0.06 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.16 billion.

"Our fourth quarter result was in-line with our overall expectation," commented Dr. Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. "We maintained our leading position in our key content offerings, including dramas and variety shows, based on third-party data. Meanwhile, we made breakthroughs in certain areas, such as original films, intelligent screens and Virtual Reality (VR). In 2021, we will continue to provide a more diversified portfolio of high-quality content to our users and enhance the perceived value of our paying subscribers. This, in our view, should help to revive the growth of our subscribers and revenue amid the recovering macro environment."

"Our operating loss margin significantly narrowed for three consecutive quarters on a year-over-year basis" commented Mr. Xiaodong Wang, Chief Financial Officer of iQIYI. "We continued to explore the content strategy with better return-on-investment (ROI) and implement disciplined cost control amid the challenging macro environment. In December 2020, we completed our largest financing since our IPO, which enables us to further enhance our content offering and strengthen our technology."

For earnings history and earnings-related data on iQIYI (IQ) click here.