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The latest announcement is out from Iqiyi ( (IQ) ).
On February 18, 2025, iQIYI, Inc. released its unaudited financial results for the fourth quarter and fiscal year 2024, highlighting a 14% decrease in total revenues for Q4 compared to the previous year. The company reported a net loss of RMB189.4 million for Q4 2024, in stark contrast to a net income of RMB466.2 million in the same period in 2023. Despite the overall decline in financial performance for 2024, iQIYI saw a strong rebound in business performance late in the year due to the release of several blockbusters, which bolstered its position in the drama market and increased its subscriber base. Additionally, the company made significant strides in its mini-drama segment, enhancing its ad-placement system to boost ad revenue growth in 2025.
More about Iqiyi
iQIYI, Inc. is a leading provider of online entertainment video services in China, primarily focusing on delivering a wide array of video content including dramas, movies, and variety shows. The company is known for its strong market position in the Chinese online video industry and continues to expand its content offerings to maintain its competitive edge.
YTD Price Performance: 27.64%
Average Trading Volume: 23,622,787
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.33B
See more insights into IQ stock on TipRanks’ Stock Analysis page.
