iQIYI (IQ) Reports In-Line Q1 EPS, Revenues Beat; Offers 1Q Revenue Mid-Point Guidance Below Consensus
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iQIYI Announces First Quarter 2020 Financial Results
May 18, 2020 4:30 PM EDTBEIJING, May 18, 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 first quarter ended March 31, 2020.
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... More