Stock Track | iQiyi Plunges 5% Pre-Market as Q3 Revenue Drops, Outlook Disappoints

Stock Track11-21 22:00

iQiyi Inc. (NASDAQ: IQ) shares plummeted over 5% in pre-market trading on Thursday, following the company's mixed third-quarter earnings report. The Chinese streaming giant's revenue declined 10% year-over-year, missing expectations, while earnings narrowly beat estimates.

The key factors weighing on iQiyi's stock include:

Revenue of $1 billion missed analyst estimates by $20 million, with declines across key segments like membership services (-13%) and online advertising (-20%).
While non-GAAP earnings per ADS of $0.07 beat expectations by $0.02, the company provided a lackluster outlook, indicating continued pressure on subscriber growth and advertising spend amid China's economic slowdown.
Analysts raised concerns over iQiyi's lower content investment, which impacted membership growth, and questioned the sustainability of its profitability amid rising competition.

iQiyi's management struck an optimistic tone, highlighting the company's market leadership position and opportunities in emerging areas like interactive entertainment and generative AI. However, investors remain skeptical about iQiyi's ability to drive meaningful revenue and profit growth in the near term, contributing to the stock's pre-market sell-off.

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The Chinese streaming giant's revenue declined 10% year-over-year, missing expectations, while earnings narrowly beat estimates.</p>\n\n<p>The key factors weighing on iQiyi's stock include:\n<ul>\n<li>Revenue of $1 billion missed analyst estimates by $20 million, with declines across key segments like membership services (-13%) and online advertising (-20%).</li>\n<li>While non-GAAP earnings per ADS of $0.07 beat expectations by $0.02, the company provided a lackluster outlook, indicating continued pressure on subscriber growth and advertising spend amid China's economic slowdown.</li>\n<li>Analysts raised concerns over iQiyi's lower content investment, which impacted membership growth, and questioned the sustainability of its profitability amid rising competition.</li>\n</ul>\n</p>\n\n<p>iQiyi's management struck an optimistic tone, highlighting the company's market leadership position and opportunities in emerging areas like interactive entertainment and generative AI. However, investors remain skeptical about iQiyi's ability to drive meaningful revenue and profit growth in the near term, contributing to the stock's pre-market sell-off.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | iQiyi Plunges 5% Pre-Market as Q3 Revenue Drops, Outlook Disappoints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | iQiyi Plunges 5% Pre-Market as Q3 Revenue Drops, Outlook Disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-21 22:00 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>iQiyi Inc. (NASDAQ: IQ) shares plummeted over 5% in pre-market trading on Thursday, following the company's mixed third-quarter earnings report. The Chinese streaming giant's revenue declined 10% year...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IQ","symbol_name":"爱奇艺","start_time":0,"source_url":"","article_id":"1109191348","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109191348","pubTimestamp":1732197651,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"iQiyi Inc.  shares plummeted over 5% in pre-market trading on Thursday, following the company's mixed third-quarter earnings report. The Chinese streaming giant's revenue declined 10% year-over-year, missing expectations, while earnings narrowly beat estimates.The key factors weighing on iQiyi's stock include:. Revenue of $1 billion missed analyst estimates by $20 million, with declines across key segments like membership services  and online advertising .While non-GAAP earnings per ADS of $0.07","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IQ":"爱奇艺"},"translate_title":"股票赛道爱奇艺盘前暴跌5%，因第三季度收入下降，前景令人失望","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IQ":1},"content_text":"iQiyi Inc. (NASDAQ: IQ) shares plummeted over 5% in pre-market trading on Thursday, following the company's mixed third-quarter earnings report. 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