iQIYI Announces Fourth Quarter and Fiscal Year 2020 Financial Results

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Go back to iQIYI Announces Fourth Quarter and Fiscal Year 2020 Financial Results

CLSA Reiterates Underperform (4) Rating on iQIYI (IQ), Notes Weak Q1 2021 Guidance

February 18, 2021 9:40 AM EST

CLSA analyst Elinor Leung reiterated an Underperform (4) rating and $25.50 price target on iQIYI (NASDAQ: IQ)

The analyst comments "iQiYi 4Q20 results were in-line but weak. Total revenue fell 0.5% YoY to Rmb7.5bn as paying users declined 4% YoY to 101m given a lack of quality... More

iQIYI (IQ) Tops Q4 EPS by 6c

February 17, 2021 4:32 PM EST

iQIYI (NASDAQ: IQ) reported Q4 EPS of ($0.32), $0.06 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.16 billion.

"Our fourth quarter result was in-line with our overall expectation," commented Dr. Yu Gong, Founder, Director, and Chief... More