iQIYI (IQ) Misses Q3 EPS by 1c, Q4 Revenue Guidance Misses Consensus
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iQIYI Announces Third Quarter 2021 Financial Results
November 17, 2021 3:30 AM ESTBEIJING, Nov. 17, 2021 /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, 2021.
Third Quarter 2021 Highlights
Total revenues were RMB7.6 billion (US$1.2 billion1), representing a 6% increase from the same period in 2020. Operating loss was RMB1.4 billion (US$212.3 million) and operating loss margin was 18%, compared to operating loss of RMB1.2 billion and operating loss margin of 17% in the same period in 2020. Net loss... More