iQIYI Could Continue to Face Headwinds in 4Q -- Market Talk

Dow Jones11-25

0404 GMT - Iqiyi could continue to face business headwinds in 4Q, Nomura analysts Rachel Guo and Jialong Shi say in a research note. Membership revenue likely continued its downward trend, declining 5% on quarter and 14% on year to an expected 4.1 billion yuan, given the Chinese video-streaming platform's less exciting pipeline of exclusive drama compared with peers, they say. Content distribution revenue is also likely to drop. The analysts expect segment revenue of 412 million yuan in 4Q, down 49% on quarter and 19% on year, hurt by its delayed content release. Nomura maintains a neutral rating on the U.S.-listed company and lowers the target price to $2.20 from $2.75. Iqiyi's ADRs last closed at $1.95. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

November 24, 2024 23:04 ET (04:04 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486726393?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-25 12:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486726393","market":"us","top_or_hot":-1,"title":"iQIYI Could Continue to Face Headwinds in 4Q -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0404 GMT - Iqiyi could continue to face business headwinds in 4Q, Nomura analysts Rachel Guo and Jialong Shi say in a research note. Membership revenue likely continued its downward trend, declining 5% on quarter and 14% on year to an expected 4.1 billion yuan, given the Chinese video-streaming platform's less exciting pipeline of exclusive drama compared with peers, they say. Content distribution revenue is also likely to drop. The analysts expect segment revenue of 412 million yuan in 4Q, down 49% on quarter and 19% on year, hurt by its delayed content release. Nomura maintains a neutral rating on the U.S.-listed company and lowers the target price to $2.20 from $2.75. Iqiyi's ADRs last closed at $1.95. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 24, 2024 23:04 ET (04:04 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>iQIYI Could Continue to Face Headwinds in 4Q -- Market Talk</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\">\niQIYI Could Continue to Face Headwinds in 4Q -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 12:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0404 GMT - Iqiyi could continue to face business headwinds in 4Q, Nomura analysts Rachel Guo and Jialong Shi say in a research note. Membership revenue likely continued its downward trend, declining ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486726393","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486726393","pubTimestamp":1732507440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0404 GMT - Iqiyi could continue to face business headwinds in 4Q, Nomura analysts Rachel Guo and Jialong Shi say in a research note. Membership revenue likely continued its downward trend, declining 5% on quarter and 14% on year to an expected 4.1 billion yuan, given the Chinese video-streaming platform's less exciting pipeline of exclusive drama compared with peers, they say. Content distribution revenue is also likely to drop. The analysts expect segment revenue of 412 million yuan in 4Q, down 49% on quarter and 19% on year, hurt by its delayed content release. Nomura maintains a neutral rating on the U.S.-listed company and lowers the target price to $2.20 from $2.75. Iqiyi's ADRs last closed at $1.95. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IQ":"爱奇艺"},"translate_title":"爱奇艺第四季度可能继续面临阻力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IQ":0.9},"content_text":"0404 GMT - Iqiyi could continue to face business headwinds in 4Q, Nomura analysts Rachel Guo and Jialong Shi say in a research note. Membership revenue likely continued its downward trend, declining 5% on quarter and 14% on year to an expected 4.1 billion yuan, given the Chinese video-streaming platform's less exciting pipeline of exclusive drama compared with peers, they say. Content distribution revenue is also likely to drop. The analysts expect segment revenue of 412 million yuan in 4Q, down 49% on quarter and 19% on year, hurt by its delayed content release. Nomura maintains a neutral rating on the U.S.-listed company and lowers the target price to $2.20 from $2.75. Iqiyi's ADRs last closed at $1.95. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 24, 2024 23:04 ET (04:04 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486726393"}