2023-08-22 05:10:12 ET
- iQIYI press release ( NASDAQ: IQ ): Q2 Non-GAAP EPS of $0.10 per ADS.
- Revenue of $1.1B (+10.7% Y/Y) beats by $30M .
- Total revenues were RMB7.8 billion (US$1.1 billion 1 ), increasing 17% year over year.
- Operating income was RMB610.4 million (US$84.2 million) and operating income margin was 8%, compared to operating income of RMB125.8 million and operating income margin of 2% in the same period in 2022.
- Non-GAAP operating income 2 was RMB786.4 million (US$108.4 million) and non-GAAP operating income margin was 10%, compared to non-GAAP operating income of RMB343.8 million and non-GAAP operating income margin of 5% in the same period in 2022.
- Net income attributable to iQIYI was RMB365.2 million (US$50.4 million), compared to net loss attributable to iQIYI of RMB214.0 million in the same period in 2022.
- The average daily number of total subscribing members 3 for the quarter was 111.2 million, compared to 98.3 million for the same period in 2022 and 128.9 million for the first quarter in 2023. The average daily number of subscribing members excluding individuals with trial memberships 4 for the quarter was 110.7 million, compared to 97.7 million for the same period in 2022 and 128.1 million for the first quarter in 2023.
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iQIYI Non-GAAP EPS of $0.10 beats by $0.03, revenue of $1.1B beats by $30M