iQIYI (IQ) Tops Q3 EPS by 43c
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iQIYI Announces Third Quarter 2018 Financial Results
October 30, 2018 4:30 PM EDTBEIJING, Oct. 30, 2018 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced its unaudited financial results for the third quarter ended September 30, 2018.
Third Quarter 2018 Highlights
Total revenues were RMB6.9 billion (US$1.0 billion1), representing a 48%2 increase from the same period in 2017.Operating loss was RMB2.6 billion (US$377.3 million) and operating loss margin was 37%, compared to operating loss of RMB1.1 billion and operating loss margin of 23% in the same period in... More