iQIYI (IQ) Q4 Revenue Tops Consensus, Offers Guidance

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iQIYI Announces Fourth Quarter and Fiscal Year 2019 Financial Results

February 27, 2020 4:30 PM EST

BEIJING, Feb. 27, 2020 /PRNewswire/ -- 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, 2019.

Fourth Quarter 2019 Highlights

  Total revenues were RMB7.5 billion (US$1.1 billion[1]), representing a 7% increase from the same period in 2018.

  Operating loss was RMB2.5 billion (US$363.2 million) and operating loss margin was 34%, compared to operating loss of RMB3.3 billion and operating loss margin of 47% in the same period in 2018.

  Net loss attributable to iQIYI... More