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…
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…
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