iQiyi reports Q1 EPS (4c) vs. 4c last year

Reports Q1 revenue $902.5M vs. $990.3M last year. “We are reinforcing our core strengths, unlocking new growth drivers, and building for the long term. In the first quarter, our hit drama lineup drove sequential membership revenue growth and cemented our leadership in domestic viewership market share, according to Enlightent. Meanwhile, our overseas business sustained its robust growth momentum, achieving record membership revenue this quarter,” commented Yu Gong, founder, director, and CEO of iQiyi (IQ). “Looking ahead, we are leveraging AI to reduce content production costs, accelerate production cycles, and expand our content ecosystem.”