iQIYI Announces Fourth Quarter and Fiscal Year 2018 Financial Results
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iQIYI (IQ) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Outlook Above Consensus
February 21, 2019 4:41 PM ESTiQIYI (NASDAQ: IQ) reported Q4 EPS of ($0.70), $0.01 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $1 billion versus the consensus estimate of $982.96 million.
Fourth Quarter 2018 Highlights
Total revenues were RMB7.0 billion (US$1.0 billion1), representing a 55%2 increase from the same period in 2017.Operating loss was RMB3.3 billion (US$483.5 million) and operating loss margin was 47%, compared to operating loss of RMB856.1 million and operating loss margin of 19% in the same period in 2017.Net loss attributable to iQIYI was RMB3.5... More