BRIEF: iQiyi’s profit drops as membership revenue declines
Video streaming platform iQiyi Inc. (IQ.US) announced on Thursday its revenue fell 10% year-on-year to 7.2 billion yuan ($1 billion) in third quarter, while its net profit dropped 52% to…
BRIEF: iQiyi’s profit plunges amid fierce competition
Video streaming platform iQiyi Inc. (IQ.US), majority-owned by Baidu, reported on Thursday its profit plunged 80% in the second quarter to 68.7 million yuan ($9.6 million) from 365 million yuan…
iQiyi beats profit estimates but leaves subscriber numbers a mystery
Lacking a megahit drama series this time, the Chinese streaming platform logged lower first-quarter earnings but still exceeded market expectations Key Takeaways: The platform’s operating revenue fell 5% in the…
NEWS WRAP: iQiyi growth stalls in fourth quarter, as it posts first annual profit
The Baidu-backed video streaming platform became profitable after a major strategy shift in 2022, but now faces new challenges from China’s slowing economy By Teri Yu iQiyi Inc. (IQ.US),…
Take Four: Nicefilm rides entertainment rebound to new listing attempt
After failing three times, the web series maker hopes to succeed in its latest Hong Kong listing application as its film and television businesses show signs of reviving Key Takeaways:…
FAST NEWS: iQiyi Turns Profitable on Rising Memberships
The latest: Chinese video platform Beijing iQiyi Science & Technology Co. Ltd. (IQ.US) announced Wednesday that its revenue rose 3% year-on-year to 7.59 billion yuan ($1.1 billion) in last year’s fourth quarter. It recorded a 304…
Bilibili Trades on Strong Name in Debt-for-Shares Swap
The popular video site sold $409 million in new shares ahead of its fourth-quarter results release, and will use part of the proceeds to buy back debt coming due in…
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