IQIYI Announces First Quarter 2021 Financial Results

BEIJING, Could 18, 2021 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Firm"), an progressive market-leading on-line leisure service in China, at this time introduced its unaudited monetary outcomes for the primary quarter ended March 31, 2021.

First Quarter 2021 Highlights
  • Complete revenues have been RMB8.0 billion (US$1.2 billion[1]), representing a 4% improve from the identical interval in 2020.
  • Working loss was RMB1.0 billion (US$154.8 million) and working loss margin was 13%, in comparison with working lack of RMB2.2 billion and working loss margin of 29% in the identical interval in 2020.
  • Web loss attributable to iQIYI was RMB1.3 billion (US$193.4 million), in comparison with web loss attributable to iQIYI of RMB2.9 billion in the identical interval in 2020. Diluted web loss attributable to iQIYI per ADS was RMB1.61 (US$0.25), in comparison with diluted web loss attributable to iQIYI per ADS of RMB3.92 in the identical interval of 2020.
  • The variety of complete subscribing members was 105.3 million as of March 31, 2021 and 104.3 million excluding people with trial memberships.

"We kicked off the yr with a strong quarter throughout the board" commented Dr. Yu Gong, Founder, Director, and Chief Government Officer of iQIYI. "We had 3.6 million extra subscribing members within the first quarter and our membership companies income grew by 12% quarter-over-quarter, recording the height degree by way of absolute greenback quantity over the previous yr. The notable development was largely a results of our robust content material launch throughout numerous of classes together with dramas,

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