iQIYI (IQ) Tops Q3 EPS by 16c, Offers Guidance
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iQIYI Announces Third Quarter 2020 Financial Results
November 16, 2020 4:30 PM ESTBEIJING, Nov. 16, 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 third quarter ended September 30, 2020.
Third Quarter 2020 Highlights
Total revenues were RMB7.2 billion (US$1.1 billion[1]), representing a 3% decrease from the same period in 2019. Operating loss was RMB1.2 billion (US$178.2 million) and operating loss margin was 17%, compared to operating loss of RMB2.8 billion and operating loss margin of 38% in the same period... More