iQiyi halves loss, lifts revenues 4% in Q1

Tuesday 18 May 2021 | 13:18 CET | News
Chinese online video content platform iQiyi said revenues for the first quarter rose 4 percent from the year before to CNY 8.0 billion (USD 1.2 billion), and that its operating loss more than halved to CNY 1.0 billion from a loss of 2.2 billion, with operating loss margin decreasing to 13 percent from 29 percent. The net loss also reduced sharply, to USD 1.3 billion from a loss of 2.9 billion.

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Categories: Internet
Companies: iQiyi
Countries: China
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