Under revenue pressure, iQiyi will invest more resources in operating micro dramas
hughmini
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On November 21st, iQiyi released its third quarter 2024 financial report, which showed a total revenue of 7.2 billion yuan, a year-on-year decrease of 10%. The net profit attributable to iQiyi was 229.4 million yuan, while the net profit for the same period in 2023 was 475.9 million yuan. According to the US Generally Accepted Accounting Principles, the net profit attributable to iQiyi was 479.8 million yuan, while the net profit for the same period in 2023 was 622.1 million yuan, and the operating profit was 370 million yuan, achieving positive operating cash flow for 10 consecutive quarters.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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