Under revenue pressure, iQiyi will invest more resources in operating micro dramas
hughmini
发表于 2024-11-22 09:58:56
1218
0
0
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.
CandyLake.com is an information publishing platform and only provides information storage space services.
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.
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.
You may like
- LeXin releases third quarter financial report: revenue of 3.66 billion yuan, profit increased by 33.2% month on month
- Hesai Technology's Q3 revenue increased by 21.1% year-on-year
- Shangde Institution's third quarter revenue and profit continue to decline, and fancy marketing is unable to turn things around
- Zhiwen Group's net revenue for Q3 2024 was 2.6747 billion yuan, with a net profit of 493.3 million yuan
- Oracle's quarterly revenue and profit both increased
- The ninth one! Broadcom joins trillion dollar club, AI revenue doubles
- Baidu applies for registration of the trademark "Baidu Short Drama"
- Pfizer expects revenue of $61 billion to $64 billion in 2025, with an estimated $63.23 billion
- Micron Technology's revenue outlook falls short of analysts' expectations, causing its stock price to plummet by approximately 18% after market hours
- Micron Technology's revenue outlook falls short of analysts' expectations, causing its stock price to plummet by approximately 18% after market hours