iQIYI Announces First Quarter 2019 Financial Results
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iQIYI (IQ) Tops Q1 EPS by 13c, Revs In-Line
May 16, 2019 4:32 PM EDTiQIYI (NASDAQ: IQ) reported Q1 EPS of ($0.35), $0.13 better than the analyst estimate of ($0.48). Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.01 billion.
Total revenues were RMB7.0 billion (US$1.0 billion1), representing a 43% increase from the same period in 2018.Operating loss was RMB2.0 billion (US$301.9 million) and operating loss margin was 29%, compared to operating loss of RMB1.1 billion and operating loss margin of 22% in the same period in 2018.Net loss attributable to iQIYI was RMB1.8 billion... More