iQIYI Announces First Quarter 2021 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
CLSA Upgrades iQIYI (IQ) to Outperform (2)
May 18, 2021 4:05 PM EDTCLSA analyst Elinor Leung upgraded iQIYI (NASDAQ: IQ) from Underperform (4) to Outperform (2) with a price target of $16.00 (from $25.50).
THe analyst comments "iQIYIs 1Q21 results beat estimates but its 2Q guidance was weak. Total revenue grew 4.2% YoY to Rmb8bn, 2.3% above our... More
iQIYI (IQ) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q Revenues Outlook Below Consensus
May 18, 2021 5:59 AM EDTiQIYI (NASDAQ: IQ) reported Q1 EPS of ($0.25), $0.11 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.18 billion.
First Quarter 2021 Highlights
Total revenues were RMB8.0 billion (US$1.2 billion[1]), representing a 4% increase from the same period in 2020.Operating loss was RMB1.0 billion (US$154.8 million) and operating loss margin was 13%, compared to operating loss of RMB2.2 billion and operating loss margin of 29% in the same period in 2020.Net loss attributable to iQIYI was RMB1.3 billion (US$193.4 million), compared to net loss... More