爱奇艺：Recovery still takes time

23 Oct 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update iQIYI (IQ US) Recovery still takes time We expect iQiyi 3Q24 results (total revenue & operating profit) to be largely inline with our previous expectation in Aug and the consensus estimate. We forecast 3Q24 total revenue to decline by 10% YoY and 3% QoQ to RMB7.2bn, as macro uncertainty weighed on ad budgets and lack of blockbuster content impacted membership revenue growth. We expect 3Q24 non-GAAP net income to ...