Iqiyi Stock Price, News & Analysis

iQIYI, a leading online entertainment service in China, announced on March 22, 2022, that it will introduce its original Chinese content to Spanish-speaking regions for the first time. The content will be available with Spanish dubbing on 11 TV channels across the US and Latin America. Notable titles include Kidnapping Game and Crimson River. iQIYI aims to expand its global audience amidst rising demand for modern dramas. The company has successfully distributed over 5,000 episodes of original content internationally, further solidifying its role as a major supplier of C-content.

iQIYI, Inc. (Nasdaq: IQ) announced a private placement, raising US$285 million through the sale of 164,705,882 Class B and 304,705,880 Class A ordinary shares to Baidu and financial investors like Oasis Management. The transaction, pending customary closing conditions, highlights investor confidence in the Chinese long-form video sector. CEO Yu Gong expressed gratitude to shareholders and reiterated commitment to operational efficiency and value generation. The shares will not be registered under the U.S. Securities Act, imposing limitations on their sale in the U.S.

iQIYI, Inc. (Nasdaq: IQ) reported its fourth quarter and fiscal year 2021 financial results, showing total revenues of RMB7.4 billion (US$1.2 billion), approximately flat year-over-year. The operating loss decreased to RMB975.2 million, improving the operating loss margin to 13%. For the fiscal year, total revenues increased by 3% to RMB30.6 billion (US$4.8 billion), while the net loss attributable to iQIYI narrowed to RMB6.2 billion. Management aims for non-GAAP operating break-even in 2022, supported by initiatives to optimize costs and enhance efficiency.

iQIYI (NASDAQ: IQ) is set to report its financial results for the fourth quarter and fiscal year ending December 31, 2021 on March 1, 2022, before U.S. market opens. A conference call will follow at 6:30 AM ET, with registration required. iQIYI, a leading online entertainment service in China, combines creative talent and technology, enhancing user engagement while offering various monetization strategies such as memberships, online advertising, and content distribution.

iQIYI reported significant user engagement during the 2022 Chinese New Year (CNY) holiday, highlighting its status as China's preferred streaming service. Users averaged nearly three hours of viewing daily, peaking at six hours during key times. Notable content included the Spring Festival Gala Evening and original programs like The Super Sketch Show. Four new films achieved over RMB 10 million at the box office each. The platform successfully catered to diverse audience preferences, illustrating its role in enhancing the nation's entertainment landscape.

iQIYI has finalized two 4K test films at its virtual production studio, marking a significant milestone in China's film industry. These productions utilize digital assets, aiming to cut production costs by approximately 30% and enhance content quality. The films, featuring real actors and virtual characters, demonstrate the potential of repeated virtual sets for diverse productions. iQIYI's move towards digital assets aligns with its strategy to create a 'virtual film and TV city', revolutionizing industry processes and improving efficiency in film production.

iQIYI, a leading online entertainment service in China, has curated over 200 titles for the upcoming Chinese New Year holiday from Jan. 31 to Feb. 6, 2022. This diverse collection includes popular dramas like Luoyang and family-friendly content such as Deer Squad Season 2. The company aims to enhance user engagement by offering exclusive productions and variety shows. Additionally, iQIYI provides free access to residents in cities impacted by COVID-19, including Beijing and Xi'an, reinforcing its commitment to content accessibility during challenging times.

On January 25, 2022, iQIYI, Inc. announced the retirement of Chief Financial Officer Xiaodong Wang, effective immediately, due to personal reasons. Jun Wang has been appointed as his successor. Xiaodong Wang will remain as an advisor until April 30, 2022, to facilitate a smooth transition. CEO Yu Gong expressed gratitude for Xiaodong's contributions and welcomed Jun Wang, who has been with the company since January 2018, highlighting his familiarity with iQIYI's financial and business conditions.