iQIYI Announces First Quarter 2020 Financial Results
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iQIYI (IQ) Reports In-Line Q1 EPS, Revenues Beat; Offers 1Q Revenue Mid-Point Guidance Below Consensus
May 18, 2020 4:32 PM EDTiQIYI (NASDAQ: IQ) reported Q1 EPS of ($0.56), in-line with the analyst estimate of ($0.56). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.03 billion.
First Quarter 2020 Highlights
Total revenues were RMB7.6 billion (US$1.1 billion[1]), representing a 9% increase from the same period in 2019.Operating loss was RMB2.2 billion (US$316.6 million) and operating loss margin was 29%, compared to operating loss of RMB2.0 billion and operating loss margin of 29% in the same period in 2019.Net loss attributable to iQIYI was RMB2.9 billion (US$406.0 million), compared to net loss... More