iQIYI (IQ) Tops Q1 EPS by RMB 0.36, Beats on Revenue
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iQIYI Announces First Quarter 2023 Financial Results
May 16, 2023 5:00 AM EDTBEIJING, May 16, 2023 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.
First Quarter 2023 Highlights
Total revenues were RMB8.3 billion (US$1.2 billion1), increasing 15% year over year.Operating income was RMB858.6 million (US$125.0 million) and operating income margin was 10%, compared to operating income of RMB93.4 million and operating income margin of 1% in the same... More