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iQIYI | 6-K: Report of foreign private issuer (related to financial reporting)

iQIYI | 6-K: Report of foreign private issuer (related to financial reporting)

爱奇艺 | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/11/21 06:44

Moomoo AI 已提取核心信息

iQIYI reported total revenues of RMB7.2 billion in Q3 2024, down 10% YoY, with operating income declining 68% to RMB238.9 million. Membership services revenue decreased 13% to RMB4.4 billion due to lighter content slate, while online advertising revenue fell 20% to RMB1.3 billion. Content distribution revenue grew 52% to RMB814 million.Operating income margin contracted to 3% from 9% in Q3 2023, while net income attributable to iQIYI decreased 52% YoY to RMB229.4 million. The company maintained strong liquidity with RMB4.7 billion in cash and equivalents. Cost control measures resulted in a 3% reduction in cost of revenues and 7% decrease in selling expenses.The company has strategically enhanced its entertainment offerings by integrating mini and short dramas to complement its long-form content portfolio. Additionally, iQIYI introduced a family account option within membership programs to better serve users' evolving entertainment needs.
iQIYI reported total revenues of RMB7.2 billion in Q3 2024, down 10% YoY, with operating income declining 68% to RMB238.9 million. Membership services revenue decreased 13% to RMB4.4 billion due to lighter content slate, while online advertising revenue fell 20% to RMB1.3 billion. Content distribution revenue grew 52% to RMB814 million.Operating income margin contracted to 3% from 9% in Q3 2023, while net income attributable to iQIYI decreased 52% YoY to RMB229.4 million. The company maintained strong liquidity with RMB4.7 billion in cash and equivalents. Cost control measures resulted in a 3% reduction in cost of revenues and 7% decrease in selling expenses.The company has strategically enhanced its entertainment offerings by integrating mini and short dramas to complement its long-form content portfolio. Additionally, iQIYI introduced a family account option within membership programs to better serve users' evolving entertainment needs.
爱奇艺在2024年第三季度报告的总营业收入为人民币72亿,同比下降10%,营业收入下降68%至人民币23890万。由于内容安排较少,会员服务收入减少13%至人民币44亿,而在线广告收入下降20%至人民币13亿。内容分发收入增长52%至人民币81400万。营业收入利润率从2023年第三季度的9%收缩至3%,而归属于爱奇艺的净利润同比下降52%至人民币22940万。公司保持强大的流动性,拥有人民币47亿的现金和现金等价物。成本控制措施导致营业收入成本减少3%,销售费用减少7%。公司通过整合迷你剧和短剧,战略性地增强了其娱乐产品,以补充其长篇内容组合。此外,爱奇艺在会员项目中推出了家庭账户选项,以更好地满足用户不断变化的娱乐需求。
爱奇艺在2024年第三季度报告的总营业收入为人民币72亿,同比下降10%,营业收入下降68%至人民币23890万。由于内容安排较少,会员服务收入减少13%至人民币44亿,而在线广告收入下降20%至人民币13亿。内容分发收入增长52%至人民币81400万。营业收入利润率从2023年第三季度的9%收缩至3%,而归属于爱奇艺的净利润同比下降52%至人民币22940万。公司保持强大的流动性,拥有人民币47亿的现金和现金等价物。成本控制措施导致营业收入成本减少3%,销售费用减少7%。公司通过整合迷你剧和短剧,战略性地增强了其娱乐产品,以补充其长篇内容组合。此外,爱奇艺在会员项目中推出了家庭账户选项,以更好地满足用户不断变化的娱乐需求。
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