iQIYI (IQ) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q Revenues Outlook Below Consensus
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iQIYI Announces First Quarter 2021 Financial Results
May 18, 2021 5:00 AM EDTBEIJING, May 18, 2021 /PRNewswire/ --Â 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 first quarter ended March 31, 2021.
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... More