iQIYI (IQ) Reports Q2 Loss of $0.45/Share

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Go back to iQIYI (IQ) Reports Q2 Loss of $0.45/Share

iQIYI Announces Second Quarter 2018 Financial Results

July 31, 2018 5:24 PM EDT

BEIJING, July 31, 2018 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced its unaudited financial results for the second quarter ended June 30, 2018.

Second Quarter 2018 Highlights

Total revenues were RMB6.2 billion (US$932.5 million1), representing a 51%2 increase from the same period in 2017.Operating loss was RMB1.3 billion (US$200.7 million) and operating loss margin was 22%, compared to operating loss of RMB990.7 million and operating loss margin of 24% in... More