iQIYI (IQ) PT Lowered to $3 at Jefferies
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iQIYI Announces Third Quarter 2024 Financial Results
November 21, 2024 4:00 AM ESTBEIJING, Nov. 21, 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 third quarter ended September 30, 2024.
Third Quarter 2024 Highlights
Total revenues were RMB7.2 billion (US$1.0 billion1), decreasing 10% year over year.Operating income was RMB238.9 million (US$34.0 million) and operating income margin was 3%, compared to operating income of RMB746.7 million and operating income margin of 9%... More