iQIYI (IQ) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Outlook Above Consensus
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iQIYI Announces Fourth Quarter and Fiscal Year 2018 Financial Results
February 21, 2019 4:30 PM ESTBEIJING, Feb. 21, 2019 (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 fourth quarter and fiscal year ended December 31, 2018.
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... MoreiQIYI Announces Fourth Quarter and Fiscal Year 2018 Financial Results
February 21, 2019 4:30 PM ESTBEIJING, Feb. 21, 2019 (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 fourth quarter and fiscal year ended December 31, 2018.
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... More