3q20 revenue of 7.2 billion yuan, the loss significantly narrowed year on year From Iqiyi
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
The following is the 3q20 revenue of 7.2 billion yuan, the loss significantly narrowed year on year From Iqiyi recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Internet Entertainment, Network video.
On November 17, 2020, NASDAQ: IQ released its unaudited financial report for the third quarter ended September 30, 2020. According to the financial report, in the third quarter of 2020, iqiyi’s revenue will reach 7.2 billion yuan (about 1.1 billion U.S. dollars), a year-on-year decrease of 3%; a net loss of 1.2 billion yuan, a loss of 3.7 billion yuan in the same period of last year. At the end of the third quarter, iqiyi subscribers reached 104.8 million.
Iqiyi Q3 performance summary:
Revenue reached 7.2 billion yuan (US $1.1 billion), down 3% year on year. Among them, the member service income was 4 billion yuan (about 585.5 million US dollars), with a year-on-year increase of 7%. Online advertising revenue reached 1.8 billion yuan (US $271 million), with 392.3 million yuan (57.8 million US dollars) in content distribution and 979.6 million yuan (about 144.3 million U.S. dollars), respectively.
At the end of the third quarter, iqiyi subscribers reached 104.8 million.
Revenue costs were 6.4 billion yuan (US $937.2 million), down 22% from the same period in 2019.
The operating loss was RMB 1.2 billion (about US $178.2 million), which was significantly narrowed compared with the operating loss of RMB 2.8 billion in the same period of 2019.
The net loss was 1.2 billion yuan, compared with 3.7 billion yuan in the same period last year.
As of September 30, 2020, the company has held cash, cash equivalents, restricted cash and short-term investment totaling 7.4 billion yuan (about US $1.1 billion).
Performance Outlook:
For the fourth quarter of 2020, iqiyi makes the following Outlook: its total revenue is expected to be between RMB 7.28 billion (about US $1.07 billion) and RMB 7.73 billion (about US $1.14 billion).
Iqiyi: 2q20 total revenue of 7.4 billion yuan, a year-on-year increase of 4%. Iqiyi: 1q20 total revenue of 7.6 billion yuan, more than expected, a net increase of 12 million members in a single quarter This year’s summer performance will be better than the same period of previous years. Leading data: what is the growth rate of iqiyi members in the second quarter of 2018? Infoview: Netflix explore emarketer: online video, fast and convenient experience is far better than social interaction function comScore: 181 million U.S. netizens watched nearly 40 billion video content in January 2012 Netflix: 4q19 financial report teleconference actual record is expected to add 7 million paid users BiliBili: 2019 financial report teleconference actual record: 2q20 revenue of 2.62 billion yuan, a record of 70% year-on-year growth
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
