iQIYI Announces Second Quarter 2020 Financial Results

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iQIYI (IQ) Tops Q2 EPS by 21c, Offers Guidance, Announces SEC Investigation

August 13, 2020 4:35 PM EDT

iQIYI (NASDAQ: IQ) reported Q2 EPS of ($0.28), $0.21 better than the analyst estimate of ($0.49). Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.05 billion.

GUIDANCE:

iQIYI sees Q3 2020 revenue of $984.1-1000 million, versus the consensus of $1070 million.

For the third quarter of 2020, iQIYI... More