iQIYI (IQ) Tops Q4 EPS by 6c
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iQIYI Announces Fourth Quarter and Fiscal Year 2020 Financial Results
February 17, 2021 4:30 PM ESTBEIJING, Feb. 17, 2021 /PRNewswire/ -- 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 fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Highlights
Total revenues were RMB7.5 billion (US$1.1 billion1), representing a 1% decrease from the same period in 2019. Operating loss was RMB1.3 billion (US$200.4 million) and operating loss margin was 18%, compared to operating loss of RMB2.5 billion and operating loss margin of 34% in the same period in 2019.... More