Chinese video streaming company iQiyi, an arm of China major Baidu known as China’s Netflix, reported first quarter earnings Monday after the close. Total revenues and subscribers rose driven by surging demand for digital entertainment when sheltering in place
China’s iQiyi Sees a 58% Increase in Subscriber Base but Losses Widen
Chinese video streaming company iQiyi, an arm of China major Baidu known as China’s Netflix, reported first quarter earnings Thursday after the close. The net loss widened to RMB 1.8 billion ($270.3 million), smaller than expected but with revenue lower than expected.
iQiyi Known as China’s Netflix Stock Jumps 22% After Earnings
Chinese video streaming company iQiyi, known as China’s Netflix reported better than expected fourth quarter earnings Thursday after the close seeing the stock gain 22%. Losses were again huge, over US$500 million for the quarter, but revenue soared 55% exciting investors.
China’s Netflix iQiyi Earnings Suffer as Operating Loss Margin Widens
Chinese video streaming company iQiyi, known as China’s Netflix reported worse than expected third quarter earnings Tuesday after the close. The operating loss margin blew out to 37% sending the $IQ shares sharply lower.
What Are The Risks of China’s Netflix iQiyi $2 Billion IPO
Chinese video streaming company iQiyi, known as China’s Netflix is set to go public Thursday on the Nasdaq under the ticker IQ and expected to raise $2.375 billion, the biggest IPO since Snap’s $3.4 billion last year. Baidu $BIDU is the majority owner.