IQiyi, sometimes dubbed the "Netflix" of China, swung to a profit in 2023 for the first time since it listed in the U.S. in 2018.BEIJING — Chinese video streaming platform iQiyi is turning its attention to the country's aging population, while using artificial intelligence tools to bolster content production.One of iQiyi's near-term goals is to improve the product offering for older users, CEO and founder Gong Yu said Tuesday at the company's annual conference."It seems simple but it's not, because in the p ...

BEIJING, April 12, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the first quarter ended March 31, 2024 before the U.S. market opens on May 16, 2024. iQIYI’s management will hold an earnings conference call at 7:00 AM on May 16, 2024, U.S. Eastern Time (7:00 PM on May 16, 2024, Beijing Time). Please register in advance of the conference using the l ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key ...

By: Nolan MaukIn the post-pandemic era marked by economic uncertainty, volatility, geopolitical tension, and deglobalization, one thing has been made clear: no market, sector, or asset class is immune to the effects of rapidly changing market cycles. The highest inflation rate since 1981 and the Federal Reserve’s monetary response sent both stocks and bonds tumbling in 2022, while real assets and other alternative investments proved to be a haven for diversified investors. One year later, falling inflation ...

Giuliano Benzin Spun-off by Baidu (BIDU) in 2018, iQIYI (NASDAQ:IQ) has faced a precipitous decline in share price from an over $40 peak in 2018 to around $4 as of late. iQIYI stands out amongst competitors/peers as having achieved so far sustained profitability, but this does not seem to be reflected in current prices with the stock plummeting by similar percentages. In relation to these competitors iQIYI stacks up favourably, and although there are some risks to consider as well as questionable Q4 res ...

BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on March 14, 2024, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.iqiyi.com. The Company will provide a hard copy of its annual report c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

IQIYI, Inc. Sponsored ADR (IQ) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...

iQIYI, Inc. Sponsored ADR (IQ) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.I ...

Investment Rating - The report maintains a "Buy" rating with a target price of $7.75 [3][4]. Core Insights - The company's Q4 performance met expectations, with steady growth in membership and advertising revenue, and a new high in Average Revenue per Member (ARM) [3]. - Revenue for Q4 2023 reached 77.06 billion RMB, a year-on-year increase of 1%, driven by membership and advertising income [3]. - Adjusted net profit for Q4 2023 was 6.82 billion RMB, with an adjusted net profit margin of 9%, reflecting strong growth across multiple operational metrics [3]. Summary by Sections Financial Overview - The company achieved a Q4 operating profit of 7.4 billion RMB, with an operating profit margin of 10.0%, up 0.7 percentage points quarter-on-quarter [3]. - Adjusted operating profit was 9.28 billion RMB, with an adjusted operating profit margin of 12%, up 0.9 percentage points quarter-on-quarter [3]. Membership Revenue - Membership revenue for Q4 2023 was 48.09 billion RMB, a year-on-year increase of 1%, primarily driven by ARM growth [3]. - The average revenue per member (ARM) reached 15.98 RMB, a year-on-year increase of 9%, marking a new high [3]. Advertising Revenue - Advertising revenue for Q4 2023 was 16.51 billion RMB, a year-on-year increase of 6%, continuing a positive growth trend [3]. - Brand advertising and performance advertising both showed healthy growth, with content-targeted advertising accounting for over 50% of brand advertising revenue [3]. Other Business Segments - Content distribution revenue for Q4 2023 was 5.06 billion RMB, a year-on-year decrease of 21%, mainly due to content distribution scheduling and reclassification of film revenue [3]. - Other business revenue reached 7.41 billion RMB, a year-on-year increase of 13%, benefiting from contributions from third-party collaborations [3]. Profit Forecast - The report adjusts profit forecasts for 2024-2026, expecting adjusted net profits of 37 billion RMB, 47 billion RMB, and 56 billion RMB respectively [3].