Iqiyi Stock Price, News & Analysis

iQIYI announced the premiere of Wind Blows from Longxi, the second series in its Chinese Historic City Universe, on April 27, 2022. The show reached a content popularity index of 7,366 and topped both iQIYI's drama hit list and Enlightent's overall hit list. Viewership extended beyond China, with audiences in Hong Kong, Macau, Singapore, and around the world enjoying the series. The show also contributed to increased sales of associated literature and featured strategic advertisement placements, enhancing its commercial success.

iQIYI, Inc. (NASDAQ: IQ) has announced it will release its first-quarter financial results for 2022 on May 26, 2022, before U.S. markets open. An earnings conference call is scheduled for 7:00 AM ET on the same day. Participants are encouraged to register in advance to receive dial-in details. Following the call, a telephone replay will be available until June 3, 2022. iQIYI continues to be a leading online entertainment service in China, leveraging technology for innovative content production and diversified monetization strategies.

iQIYI, a leading online entertainment service based in China, will launch a special content collection for Asian Heritage Month starting May 1, 2022, in the U.S. and Canada. The collection features over 50 titles, including dramas, movies, and documentaries. North American users can access this through the iQIYI International platform at a promotional first-month subscription rate of $0.99. This initiative is part of iQIYI's ongoing commitment to promote Asian content globally, with subtitles available in over 10 languages.

iQIYI has launched new digital collectibles to commemorate its 12th anniversary, marking a significant move in its metaverse exploration and IP monetization. The Kiki set features 12,000 images, available for free to users, and showcases collaboration with Baidu and technical support from XuperChain. Additionally, iQIYI released another set based on the character 'Producer C' from its virtual idol band, available for purchase between April 21-24. These initiatives reflect iQIYI's ongoing commitment to building a diverse IP ecosystem and engaging with youth culture.

iQIYI, Inc. (Nasdaq: IQ) announced a board composition change on April 14, 2022, appointing Conor Chia-hung Yang as an independent director and member of the audit committee. Yang, who is currently the CFO of TalkingData Group, brings extensive experience from several financial leadership roles in U.S.-listed firms. Jane Jie Sun has resigned from the board and audit committee for personal reasons. CEO Yu Gong expressed confidence in Yang's expertise to enhance business efficiency while thanking Sun for her contributions.

iQIYI, a leading Chinese online entertainment service, announced an upgrade to its film distribution model on April 1, 2022. The new model, featuring Cloud Cinema Premiere and Subscription Premiere, shifts revenue sharing from film classifications to user viewing time, aiming for more equal support across films. This Direct-to-Consumer model could drive sustainable growth in China's film industry. Notably, previous releases under the PVOD model, like 'Double World', achieved significant box office success, indicating strong market potential for this upgraded approach.

iQIYI, Inc. (Nasdaq: IQ) announced it was identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) on March 30, 2022. This identification arises from the Company’s filing of its annual report for the fiscal year ending December 31, 2021, indicating that its auditor's working papers could not be fully inspected by the PCAOB. According to the HFCAA, companies identified for three consecutive years risk delisting from U.S. exchanges. iQIYI is exploring solutions to protect stakeholder interests while complying with regulations in both China and the U.S.

On March 29, 2022, iQIYI, Inc. (NASDAQ: IQ) announced its channel's launch on Roku devices in Canada and the U.S. This development enhances access for existing overseas subscribers, who can now stream content on larger screens. iQIYI provides free episodes of select dramas, encouraging engagement. The service features a rich library across various genres, appealing to diverse audiences. iQIYI International offers two subscription plans: Standard at CAD $8.99 / USD $8.99 and Premium at CAD $10.99 / USD $9.99, accommodating family use on multiple devices.