IQ Stock Recent News

BEIJING , Oct. 10, 2024 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, released its viewership data and content trends for the 2024 National Day Holiday (October 1-7) this week, revealing an 11% sequential increase in total viewing time compared to the pre-holiday period and highlighting a growing appetite for diverse content. Viewers turned to traditional favorites like drama series, films, and animation, while light and entertaining genres such as comedy and variety shows saw exceptional growth, and short-form content continued to gain popularity as a general trend.

On Tuesday, the Chinese government cut interest rates, lowered bank reserve requirements, and lowered down payments on homes. Shares of consumer-focused companies in China rallied on news of the stimulus measures.

iQIYI is trading at multiyear lows, with significant investments in AI and R&D expected to drive user growth and net sales. Baidu's control and support, including increased user traffic, bolster IQ's potential for future growth and profitability. Despite recent profitability and reduced debt, IQ remains undervalued compared to peers, with a promising EPS growth forecast for 2025-2027.

iQIYI, Inc.'s Q2 2024 results met the market's expectations, as the company's top line and bottom line were pretty close to the respective consensus forecasts. The company is expected to report negative revenue growth and operating margin contraction in Q3 2024, similar to how it performed for the second quarter. A lack of surprises relating to iQIYI's actual second-quarter performance and the company's Q3 financial outlook implies that a Hold rating for the stock is justified.

Expanding Successful VR Adaptations of iQIYI's Popular IP from 'Love Between Fairy and Devil' BEIJING , Aug. 26, 2024 /PRNewswire/ -- On August 23, iQIYI, China's leading online entertainment service, announced that its latest VR immersive theater at Galaxy Macau received positive customer feedback following its debut earlier this month, further enriching its portfolio of location-based entertainment experiences. Adapted from the popular fantasy series Love Between Fairy and Devil, this project showcases the commercial potential of the company's premium IP while offering users an exciting journey that deepens their connection to the content.

iQIYI, Inc. (NASDAQ:IQ ) Q2 2024 Earnings Conference Call August 22, 2024 7:00 AM ET Company Participants Chang You - IR Yu Gong - Founder, Director and CEO Jun Wang - CFO Xiaohui Wang - Chief Content Officer Wenfeng Liu - Chief Technology Officer Xianghua Yang - Senior Vice President of movies and overseas business San Ha Yang - Senior VP Conference Call Participants Xueqing Zhang - CICC Lincoln Kong - Goldman Sachs Maggie Ye - CLSA Thomas Chong - Jefferies Operator Thank you for standing by, and welcome to the iQIYI Second Quarter 2024 Earnings Conference Call. All participants are in a listen-only mode.

BEIJING, Aug. 22, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the second quarter ended June 30, 2024.

BEIJING, Aug. 2, 2024 /PRNewswire/ -- On July 28, iQIYI, China's leading online entertainment service, announced that its period detective drama, Strange Tales of Tang Dynasty 2: To the West, surpassed a content popularity index of 10,000, topping multiple summer drama charts. This national hit is part of iQIYI's robust summer lineup, slated to captivate audiences with premium content across genres.

BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 4.00% Convertible Senior Notes due 2026 (CUSIP No. 46267XAE8) (the “Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Tuesday, July 30, 2024. Based on information from Citibank, N.A. as the paying agent for the Notes, US$395,450,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate amount of the repurchase price of these Notes (including the aggregate principal amount of the Notes plus accrued and unpaid interest) (the “Repurchase Price”) is US$397,471,188.84. The Company has forwarded cash in payment of the Repurchase Price to the Paying Agent for distribution to the Holders that had

Recognized as Promotion Partner by WWF China BEIJING , July 18, 2024 /PRNewswire/ -- On July 13, iQIYI, a leading online entertainment service in China, concluded the second season of its hit variety show Become a Farmer to rapturous reviews. The show, which immerses a group of urban youth into the realities of agricultural life, earned a Best Variety Show nomination at the 29th Shanghai TV Festival for the second consecutive year, highlighting iQIYI's success in delivering innovative content.