iQIYI (IQ) Stock

BEIJING , Jan. 24, 2025 /PRNewswire/ -- On Jan. 21, iQIYI, China's leading online entertainment platform, launched upgrades to its Diamond VIP membership, enabling members to unlock Member Express Packages without needing additional membership points or purchases. The upgrade continues iQIYI's refinement of the platform's diverse membership offerings.

BEIJING, Jan. 17, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024 before the U.S. market opens on February 18, 2025.

The recent theater adaptation of the hit drama receives exceptional response during multi-city tour BEIJING , Jan. 17, 2025 /PRNewswire/ -- On January 12, iQIYI, China's leading online entertainment platform, concluded the multi-city tour of its stage adaptation "Mysterious Lotus Casebook" with a final performance in Beijing. The production marks another milestone in the company's innovative IP development strategy, showcasing iQIYI's growing success in transforming popular content into diverse entertainment formats that engage broader audiences.

IQ is struggling with intense competition and declining ad revenues, despite an innovative content portfolio and expanding global reach.

Five years on, the pioneering drama brand remains the benchmark for suspense BEIJING , Dec. 26, 2024 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, announced this month the return of its acclaimed "Light On Theater," celebrating the fifth anniversary of this suspense-themed drama brand. Featuring seven new titles with star-studded casts and renowned production teams, the lineup is set to reinforce iQIYI's leadership in suspense storytelling and highlight the success of its genre-driven model.

BEIJING , Dec. 11, 2024 /PRNewswire/ -- On December 7, iQIYI, China's leading online entertainment platform, hosted its signature annual iQIYI Scream Night at the Galaxy Arena in Macao. The star-studded event unveiled a total of 66 honors across various categories, from drama to variety shows, and was streamed live globally to celebrate exceptional content and creative talent that continue to resonate with audiences worldwide.

BEIJING , Dec. 9, 2024 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, recently launched a new 'Extra Large Font' function on its app, offering a comprehensive suite of accessibility features tailored for senior users and the visual requirements of a broader audience. With just one click, the app adapts both its interface and functionality to better serve older adults, providing a clearer, more convenient, and intuitive entertainment experience.

IQ's collaboration with BIDU is technologically, strategically and financially beneficial. The company can potentially benefit from a perceived rising tailwind in consumption of C-drama. IQ's unique strength in long-form video contents suggest it does not directly compete with short-form video providers in the long run.

I am downgrading iQIYI Inc. stock to a hold rating due to mixed Q3 results and the need for progress in attracting short-attention span viewers. Q3 revenues fell 10% y/y to $1B, missing estimates by $20m, while non-GAAP EPADS beat estimates by 2 cents at $0.07. The company's financial position is risky with $595m in cash and $1.2B in long-term debt, and operational performance is subpar.