iQIYI's Q1 earnings report highlights innovation, growth
7 months, 1 week ago

iQIYI's Q1 earnings report highlights innovation, growth

China Daily  

iQIYI releases its 2024 Q1 financial earnings report on May 16, 2024. iQIYI, a leading provider of online entertainment video services in China, announced on Thursday its unaudited financial results for the first quarter ended March 31, 2024. The company reported revenue of 7.9 billion yuan and operating income of 944.8 million yuan with its operating income margin surging to 12 percent, marking a 10 percent annual increase. The latest report also shows iQIYI recorded a positive operating cash flow for eight consecutive quarters. “Our operating profits and corresponding margins reached historical highs, thanks to our quality execution and increased operating efficiency,” commented Gong Yu, founder and CEO of iQIYI.

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