$IQ.US$ The profit results are good, right? Why is it fallin...
$IQ.US$ The profit results are good, right? Why is it falling so hard?
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SG 0090 : It's a loss of 7 billion dollars
Acumen18 OP : but they beat estimates?
Ace830 Acumen18 OP : Q3 outlook is bad
Acumen18 OP : sigh, do you also have a position?
Ace830 Acumen18 OP : Nope, but considering to buy dip
ACIC是骗子 : Revenue and EPS are both beating, but let me analyze with you what is wrong with his financial report. The main thing is that revenue growth has dropped drastically, and growth potential has been questioned.
ACIC是骗子 : Moreover, iQiyi burns too much money, and its cash flow is seriously exhausted. It is already difficult to maintain competition with Tencent Video and Youku on its own, and the cost of content is also extremely high. Unlike Mango Supermedia, which has a low cost of self-production. Moreover, Baidu, which is behind it, is not as powerful as Tencent and Ali, which are the backers of the other two companies, and is also facing the challenge of the short video Douyin B station. It is difficult for iQiyi.
ACIC是骗子 : Buying it means betting that the technical characteristics of a convertible bond will be raised to around 20, or that it will be bought by Tencent. Other than that, there's nothing to look forward to.