Iqiyi Stock Price, News & Analysis

iQIYI has announced that its original film Let Life Be Beautiful won Best Children's Film at the 34th Golden Rooster Awards held on December 30, 2021, in Xiamen, China. The film tells an uplifting story of a teenager facing leukemia, showcasing resilience and optimism. During the awards, CEO Gong Yu expressed a cautiously optimistic view on the potential of China's film industry, noting a demand for more diverse films. However, he cautioned about a shortage of film supply that could impact audience engagement.

iQIYI, Inc. (Nasdaq: IQ) has finalized its repurchase offer for its 3.75% Convertible Senior Notes due 2023, expiring on November 29, 2021. A total of US$746,793,000 in aggregate principal was submitted for repurchase. The company has accepted all surrendered notes, reinforcing its commitment to managing debt efficiently. This strategic move is expected to enhance shareholder value and adjust the company's financial structure positively.

iQIYI will premiere its original drama Luoyang on Dec. 1, marking a significant step in its Chinese Historic City Universe (iCHCU). The series has already gained interest from over 3.55 million users and is trending in various countries including Singapore and South Korea. iQIYI aims to develop this IP universe further, with 12 projects currently in development. The narrative, adapted from a novel by acclaimed author MA Boyong, highlights Luoyang's cultural significance. The company's president emphasized the launch as a new venture in cinematic expression and business model innovation.

iQIYI, Inc. reported its third quarter 2021 results, showing total revenues of RMB7.6 billion (US$1.2 billion), marking a 6% increase from 2020. However, the company faced an operating loss of RMB1.4 billion (US$212.3 million), worsening from last year's loss. Net loss attributable to iQIYI reached RMB1.7 billion (US$268.4 million), a significant increase from RMB1.2 billion in Q3 2020. The diluted net loss per ADS was RMB2.17 (US$0.34). Despite challenges in content scheduling, iQIYI's membership service revenue grew by 8% year-over-year, indicating resilience in user engagement.

iQIYI, a leading online entertainment service in China, emphasized its dedication to intellectual property (IP) protection during a forum at the China International Import Expo on November 5. CEO Gong Yu highlighted the need for regulatory guidance and international cooperation to combat piracy, which he claims hampers industry growth. He noted a rise in new piracy forms and referenced 11,000 unauthorized copies of the recently released Super Sketch Show. Gong praised government efforts in reducing piracy and urged industry partners to enhance IP protection using technologies like blockchain.

iQIYI, Inc. (NASDAQ: IQ) announced it will release its financial results for Q3 2021 before U.S. markets open on November 17, 2021. An earnings conference call will occur at 6:30 AM EST on the same day. Participants must register in advance to receive access details. The conference will be accessible via a live and archived webcast at http://ir.iqiyi.com/. iQIYI stands as a leading online entertainment service in China, combining creative talent with advanced technology, which enhances user engagement and monetization opportunities.

iQIYI, Inc. (Nasdaq: IQ) has announced a notification for holders of its 3.75% Convertible Senior Notes due 2023, allowing them to require the Company to repurchase their Notes. The Repurchase Right starts on October 28, 2021, and ends on November 29, 2021, with a total outstanding amount of $750 million. On the specified Repurchase Date of December 1, 2021, the Company will pay the principal amount plus any accrued interest. The documents detailing terms and conditions for the Repurchase Right will be accessible through the Depository Trust Company and Citibank, N.A.

On October 15, 2021, iQIYI, Inc. (NASDAQ:IQ) announced the release of 260 new films, TV series, and variety shows at its iJOY Conference in Shanghai. The company aims to reflect viewers' experiences and the zeitgeist through innovative storytelling and technology integration. With over 70 content studios, iQIYI maintains strong partnerships with industry creators to produce original content across various genres. Notable upcoming titles include dramas, epic series, and interactive variety shows, showcasing the company’s commitment to quality content that resonates with young audiences.

iQIYI, Inc. (NASDAQ:IQ) announced that its original drama The Long Night won the 'Best OTT Original' award at the 3rd Asia Contents Awards during the Busan International Film Festival on October 7, 2021. This marks iQIYI's second consecutive win following The Bad Kids' award last year. The company also revealed the return of the popular 'Light On' series, featuring four new suspense shows aimed at global audiences. iQIYI continues to expand its content library with new productions from various Asian countries, enhancing its international appeal.