0
Broadband

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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: iQiyi
Countries: China
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Baidu's Q1 revenues grow 25%, net income jumps 62,468%

Published 19 May 2021 08:08 CET | China
Baidu saw its total revenues reach CNY 28.1 billion (approximately USD 4.29 billion) in the first quarter of 2021, which ...

Credit Suisse sells Discovery, iQiyi shares in wake of Archegos collapse - report

Published 14 Apr 2021 11:39 CET | World
Credit Suisse has sold holdings in Discovery and in the online video platform iQIYI to reduce the exposure to collapsed hedge ...

Iqiyi launches in UAE

Published 29 Mar 2021 14:32 CET | United Arab Emirates
Chinese online video platform iQiyi International has begun operating in the UAE, Broadcastme reported. The subscription price is ...

iQiyi revenues down 1% in Q4

Published 18 Feb 2021 11:40 CET | China
Online video content platform iQiyi saw its Q4 2020 revenues slide 1 percent lower year-on-year to CNY 7.5 billion (USD 1.1 ...

Baidu's Q4 revenue grows 5%, profit plunges 18%

Published 18 Feb 2021 08:13 CET | China
Baidu posted total revenues of CNY 30.3 billion (approximately USD 4.64 billion) for the fourth quarter of 2020, which represents ...

iQiyi prices debt, share issues, with eye towards more content offerings

Published 18 Dec 2020 09:40 CET | China
Online video content platform iQiyi has priced its offering of USD 800 million worth of 4.00 percent convertible senior notes due ...

iQiyi launches streaming platform on Zeasn's Whale Eco-powered smart devices

Published 26 Nov 2020 15:08 CET | Asia
OTT and smart TV services provider Zeasn has signed a partnership agreement with on-demand video streaming platform iQiyi. ...

iQiyi Q3 loss narrows despite 3% lower revenues

Published 17 Nov 2020 16:06 CET | China
Online video platform iQiyi said revenues fell 3 percent year-on-year to CNY 7.2 billion in the third quarter but that the ...

iQiyi revenues up 4% in Q2 to CNY 7.4 bln

Published 14 Aug 2020 11:24 CET | China
Online video platform iQiyi saw its total revenues increase 4 percent in Q2 to CNY 7.4 billion. The operating loss was CNY 1.3 ...

iQiyi's Q1 revenues grow 9%, net loss widens

Published 19 May 2020 12:49 CET | China
Chinese online video platform iQiyi saw its first-quarter revenues reach CNY 7.6 billion, which represents an increase of 9 ...