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Technology Stocks : iQIYI (IQ)

IQ 2.310

+1.8%

Oct 31 9:30 AM EST

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From: JakeStraw	10/31/2018 11:43:36 AM
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iQIYI Announces Third Quarter 2018 Financial Results finance.yahoo.com Third Quarter 2018 Highlights Total revenues were RMB6.9 billion (US$1.0 billion), representing a 48% increase from the same period in 2017. Operating loss was RMB2.6 billion (US$377.3 million) and operating loss margin was 37%, compared to operating loss of RMB1.1 billion and operating loss margin of 23% in the same period in 2017. Net loss attributable to iQIYI was RMB3.1 billion (US$457.3 million), compared to RMB1.1 billion in the same period in 2017. Diluted net loss attributable to iQIYI per ADS was RMB4.34 (US$0.63). The number of total subscribing members was 80.7 million as of September 30, 2018, over 98% of whom were paying subscribing members. This compares to 42.7 million of total subscribing members as of September 30, 2017, up 89% year over year.

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