iQiyi reports Q3 EPS (2c) vs. 7c last year

Reports Q3 revenue $938.7M vs. $1B last year. “The success of our recent drama hits underscores our consistent ability to amplify IP value through high-quality storytelling and advanced production, to connect with broad audiences, and to build our business model with IP at its core,” commented Yu Gong, founder, director, and CEO of iQIYI (IQ). “We continue to scale our IP-centric ecosystem by expanding from online to offline, growing from domestic to overseas markets, and leveraging AI to revolutionize content creation and consumption.”