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

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

iQIYI Announces Second Quarter 2020 Financial Results

August 13, 2020 4:30 PM EDT

BEIJING, Aug. 13, 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 second quarter ended June 30, 2020.

Second Quarter 2020 Highlights

Total revenues were RMB7.4 billion (US$1.0 billion[1]), representing a 4% increase from the same period in 2019. Operating loss was RMB1.3 billion (US$181.4 million) and operating loss margin was 17%, compared to operating loss of RMB1.9 billion and operating loss margin of 26% in the same period in 2019. Net loss... More