BabySim
2021-11-17
Woah
iQIYI's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion<blockquote>爱奇艺第三季度营收76亿元净亏损17亿元</blockquote>
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Diluted net loss attributable to iQIYI per ADS was RMB2.17(US$0.34), compared to diluted net loss attributable to iQIYI per ADS of RMB1.61 in the same period of 2020.</li> <li>The number of total subscribing members was 103.6 million as of September 30, 2021, or 103.0 million excluding individuals with trial memberships.</li> </ul> \"During the third quarter, we experienced significant uncertainty in terms of content scheduling, which resulted in softer than expected top-line performance,\" commented Mr.Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. \"We expect the uncertainty to largely remain, so we are proactively adapting ourselves to the new market environment. We are determined to continue improving the efficiency of our operations as we execute our diversified content strategy. Meanwhile, we are seeing a promising growth trajectory for our new initiatives, such as iQIYI Lite and our overseas business. We will continue to take the lead in rolling out new intelligent production capabilities and driving the industrialization of the long-form video production process, which will help to further optimize our operating efficiency. The experiences we have accumulated from the past decade and the recent temporary challenges will enable us to be more resilient and adaptive to market changes in the long run.\"</p><p><blockquote><ul><li>总收入为人民币76亿元(12亿美元1),较2020年同期增长6%。</li><li>运营亏损为人民币14亿元(2.123亿美元),运营亏损率为18%,2020年同期运营亏损为人民币12亿元,运营亏损率为17%。</li><li>爱奇艺归属净亏损人民币17亿元(26840万美元),2020年同期爱奇艺归属净亏损人民币12亿元。每股ADS归属于爱奇艺的摊薄净亏损为人民币2.17元(0.34美元),而2020年同期每股ADS归属于爱奇艺的摊薄净亏损为人民币1.61元。</li><li>截至2021年9月30日,订阅会员总数为1.036亿,不包括试用会员的个人为1.030亿。</li></ul>爱奇艺创始人、董事兼首席执行官龚宇先生表示:“第三季度,我们在内容调度方面经历了重大不确定性,导致营收表现低于预期。”“我们预计不确定性在很大程度上仍然存在,因此我们正在积极适应新的市场环境。我们决心在执行多元化内容战略的同时继续提高运营效率。与此同时,我们看到了充满希望的增长轨迹我们的新举措,例如爱奇艺Lite和我们的海外业务。我们将继续率先推出新的智能生产能力,并带动长视频制作流程的产业化,这将有助于进一步优化我们的运营效率。我们从过去十年积累的经验和最近的暂时挑战将使我们能够更有弹性和适应长期的市场变化。”</blockquote></p><p> \"Our membership services revenue increased by 8% year-over-year as we experienced subscriber volatility during the third quarter,\" commented Mr.Xiaodong Wang, Chief Financial Officer of iQIYI. \"This was driven by our refined membership strategy and innovative operational initiatives that focused on elevating the user experience. Furthermore, we will continue to improve the efficiency of our operations, and remain cautious with our investments in content. In the long term, we will continue to grow our portfolio with diversified content and develop innovative new products and services with better ROI.\"</p><p><blockquote>爱奇艺首席财务官王晓东先生表示:“由于第三季度用户数量波动,我们的会员服务收入同比增长了8%。”“这是由我们完善的会员战略和专注于提升用户体验的创新运营举措推动的。此外,我们将继续提高运营效率,并对内容投资保持谨慎。从长远来看,我们将继续通过多元化的内容来扩大我们的产品组合,并开发具有更好投资回报率的创新新产品和服务。”</blockquote></p><p> <b>Third Quarter 2021 Financial Results</b></p><p><blockquote><b>2021年第三季度财务业绩</b></blockquote></p><p> Total revenues reached RMB7.6 billion(US$1.2 billion), representing a 6% increase from the same period in 2020.</p><p><blockquote>总收入达到人民币76亿元(12亿美元),较2020年同期增长6%。</blockquote></p><p> Membership services revenue was RMB4.3 billion(US$665.5 million), representing an 8% increase from the same period in 2020. This was mainly attributable to our refined membership strategy that focused on content diversification and user experience, and improved monetization capabilities.</p><p><blockquote>会员服务收入为人民币43亿元(6.655亿美元),较2020年同期增长8%。这主要归功于我们精细化的会员策略,专注于内容多元化和用户体验,并提高了变现能力。</blockquote></p><p> Online advertising services revenue was RMB1.7 billion(US$257.7 million), representing a 10% decrease from the same period in 2020, primarily due to less premium content launched during the quarter and challenging macroeconomic environment inChina.</p><p><blockquote>在线广告服务收入为人民币17亿元(2.577亿美元),较2020年同期下降10%,主要是由于本季度推出的优质内容减少以及中国宏观经济环境充满挑战。</blockquote></p><p> Content distribution revenue was RMB627.1 million(US$97.3 million), representing a 60% increase from the same period in 2020. The increase was primarily driven by more content titles distributed to other platforms during the quarter.</p><p><blockquote>内容发行收入为人民币6.271亿元(9730万美元),较2020年同期增长60%。这一增长主要是由于本季度向其他平台分发了更多内容标题。</blockquote></p><p> Other revenues were RMB1.0 billion(US$157.3 million), representing a 3% increase from the same period in 2020.</p><p><blockquote>其他收入为10亿元人民币(1.573亿美元),较2020年同期增长3%。</blockquote></p><p> Cost of revenues was RMB7.0 billion(US$1.1 billion), representing a 10% increase from the same period in 2020. The increase in cost of revenues was primarily due to higher content costs during the quarter. Content costs as a component of cost of revenues wereRMB5.3 billion(US$824.5 million), representing a 13% increase from the same period in 2020, primarily due to more investment in original content.</p><p><blockquote>收入成本为人民币70亿元(11亿美元),较2020年同期增长10%。收入成本的增加主要是由于本季度内容成本上升。作为收入成本组成部分的内容成本为人民币53亿元(8.245亿美元),较2020年同期增长13%,主要是由于对原创内容的投资增加。</blockquote></p><p> Selling, general and administrative expenses were RMB1.2 billion(US$193.4 million), representing a 9% decrease from the same period in 2020.</p><p><blockquote>销售、一般及管理费用为12亿元人民币(1.934亿美元),较2020年同期下降9%。</blockquote></p><p> Research and development expenses were RMB683.0 million(US$106.0 million), representing a 2% increase from the same period in 2020.</p><p><blockquote>研发费用为人民币683.0百万元(106.0百万美元),较2020年同期增长2%。</blockquote></p><p> Operating loss was RMB1.4 billion(US$212.3 million), compared to operating loss ofRMB1.2 billionin the same period in 2020. Operating loss margin was 18%, compared to operating loss margin of 17% in the same period in 2020.</p><p><blockquote>营业亏损为人民币14亿元(2.123亿美元),而2020年同期营业亏损为人民币12亿元。运营亏损率为18%,而2020年同期的运营亏损率为17%。</blockquote></p><p> Total other expense was RMB330.5 million(US$51.3 million), compared to total other income ofRMB67.0 millionduring the same period of 2020. The year-over-year variance was mainly due to the fluctuation of exchange rate between Renminbi and theU.S.dollar.</p><p><blockquote>其他费用总额为人民币3.305亿元(5130万美元),而2020年同期其他收入总额为人民币6700万元。同比差异主要是由于人民币兑美元汇率波动所致。</blockquote></p><p></p><p> Loss before income taxes was RMB1.7 billion(US$263.6 million), compared to loss before income taxes ofRMB1.1 billionin the same period in 2020.</p><p><blockquote>所得税前亏损为人民币17亿元(2.636亿美元),而2020年同期所得税前亏损为人民币11亿元。</blockquote></p><p> Income tax expense was RMB9.0million (US$1.4 million), compared to income tax expense ofRMB18.8 millionin the same period in 2020.</p><p><blockquote>所得税费用为人民币900万元(140万美元),而2020年同期所得税费用为人民币1880万元。</blockquote></p><p> Net loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI ofRMB1.2 billionin the same period in 2020. Diluted net loss attributable to iQIYI per ADS wasRMB2.17(US$0.34) for the third quarter of 2021, compared to diluted net loss attributable to iQIYI per ADS ofRMB1.61in the same period of 2020.</p><p><blockquote>归属于爱奇艺的净亏损为人民币17亿元(2.684亿美元),而2020年同期归属于爱奇艺的净亏损为人民币12亿元。2021年第三季度爱奇艺每股美国存托凭证摊薄净亏损为人民币2.17元(0.34美元),而2020年同期爱奇艺每股美国存托凭证摊薄净亏损为人民币1.61元。</blockquote></p><p> As ofSeptember 30, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments ofRMB11.0 billion(US$1.7 billion).</p><p><blockquote>截至2021年9月30日,公司拥有现金、现金等价物、限制性现金和短期投资人民币110亿元(17亿美元)。</blockquote></p><p> <b>Financial Guidance</b></p><p><blockquote><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, iQIYI expects total net revenues to be between RMB7.08 billion(US$1.10 billion) andRMB7.53 billion(US$1.17 billion), representing a 5% decrease to 1% increase year over year. This forecast reflects iQIYI's current and preliminary view, which may be subject to change.</p><p><blockquote>爱奇艺预计2021年第四季度净收入总额将在人民币70.8亿元(11.0亿美元)至人民币75.3亿元(11.7亿美元)之间,同比下降5%至增长1%。这一预测反映了爱奇艺目前的初步观点,可能会发生变化。</blockquote></p><p></p>","collect":0,"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's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion<blockquote>爱奇艺第三季度营收76亿元净亏损17亿元</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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's revenues in the third quarter were RMB7.6 billion, with its net loss reaching RMB1.7 billion<blockquote>爱奇艺第三季度营收76亿元净亏损17亿元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-17 16:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>iQIYI, Inc.(Nasdaq: IQ) today announced its unaudited financial results for the third quarter ended September 30, 2021.</p><p><blockquote>爱奇艺公司(纳斯达克:IQ)今天公布了截至2021年9月30日的第三季度未经审计的财务业绩。</blockquote></p><p> <b>Third Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第三季度亮点</b></blockquote></p><p> <ul> <li>Total revenues were RMB7.6 billion(US$1.2 billion1), representing a 6% increase from the same period in 2020.</li> <li>Operating loss was RMB1.4 billion(US$212.3 million) and operating loss margin was 18%, compared to operating loss of RMB1.2 billion and operating loss margin of 17% in the same period in 2020.</li> <li>Net loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI of RMB1.2 billion in the same period in 2020. Diluted net loss attributable to iQIYI per ADS was RMB2.17(US$0.34), compared to diluted net loss attributable to iQIYI per ADS of RMB1.61 in the same period of 2020.</li> <li>The number of total subscribing members was 103.6 million as of September 30, 2021, or 103.0 million excluding individuals with trial memberships.</li> </ul> \"During the third quarter, we experienced significant uncertainty in terms of content scheduling, which resulted in softer than expected top-line performance,\" commented Mr.Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. \"We expect the uncertainty to largely remain, so we are proactively adapting ourselves to the new market environment. We are determined to continue improving the efficiency of our operations as we execute our diversified content strategy. Meanwhile, we are seeing a promising growth trajectory for our new initiatives, such as iQIYI Lite and our overseas business. We will continue to take the lead in rolling out new intelligent production capabilities and driving the industrialization of the long-form video production process, which will help to further optimize our operating efficiency. The experiences we have accumulated from the past decade and the recent temporary challenges will enable us to be more resilient and adaptive to market changes in the long run.\"</p><p><blockquote><ul><li>总收入为人民币76亿元(12亿美元1),较2020年同期增长6%。</li><li>运营亏损为人民币14亿元(2.123亿美元),运营亏损率为18%,2020年同期运营亏损为人民币12亿元,运营亏损率为17%。</li><li>爱奇艺归属净亏损人民币17亿元(26840万美元),2020年同期爱奇艺归属净亏损人民币12亿元。每股ADS归属于爱奇艺的摊薄净亏损为人民币2.17元(0.34美元),而2020年同期每股ADS归属于爱奇艺的摊薄净亏损为人民币1.61元。</li><li>截至2021年9月30日,订阅会员总数为1.036亿,不包括试用会员的个人为1.030亿。</li></ul>爱奇艺创始人、董事兼首席执行官龚宇先生表示:“第三季度,我们在内容调度方面经历了重大不确定性,导致营收表现低于预期。”“我们预计不确定性在很大程度上仍然存在,因此我们正在积极适应新的市场环境。我们决心在执行多元化内容战略的同时继续提高运营效率。与此同时,我们看到了充满希望的增长轨迹我们的新举措,例如爱奇艺Lite和我们的海外业务。我们将继续率先推出新的智能生产能力,并带动长视频制作流程的产业化,这将有助于进一步优化我们的运营效率。我们从过去十年积累的经验和最近的暂时挑战将使我们能够更有弹性和适应长期的市场变化。”</blockquote></p><p> \"Our membership services revenue increased by 8% year-over-year as we experienced subscriber volatility during the third quarter,\" commented Mr.Xiaodong Wang, Chief Financial Officer of iQIYI. \"This was driven by our refined membership strategy and innovative operational initiatives that focused on elevating the user experience. Furthermore, we will continue to improve the efficiency of our operations, and remain cautious with our investments in content. In the long term, we will continue to grow our portfolio with diversified content and develop innovative new products and services with better ROI.\"</p><p><blockquote>爱奇艺首席财务官王晓东先生表示:“由于第三季度用户数量波动,我们的会员服务收入同比增长了8%。”“这是由我们完善的会员战略和专注于提升用户体验的创新运营举措推动的。此外,我们将继续提高运营效率,并对内容投资保持谨慎。从长远来看,我们将继续通过多元化的内容来扩大我们的产品组合,并开发具有更好投资回报率的创新新产品和服务。”</blockquote></p><p> <b>Third Quarter 2021 Financial Results</b></p><p><blockquote><b>2021年第三季度财务业绩</b></blockquote></p><p> Total revenues reached RMB7.6 billion(US$1.2 billion), representing a 6% increase from the same period in 2020.</p><p><blockquote>总收入达到人民币76亿元(12亿美元),较2020年同期增长6%。</blockquote></p><p> Membership services revenue was RMB4.3 billion(US$665.5 million), representing an 8% increase from the same period in 2020. This was mainly attributable to our refined membership strategy that focused on content diversification and user experience, and improved monetization capabilities.</p><p><blockquote>会员服务收入为人民币43亿元(6.655亿美元),较2020年同期增长8%。这主要归功于我们精细化的会员策略,专注于内容多元化和用户体验,并提高了变现能力。</blockquote></p><p> Online advertising services revenue was RMB1.7 billion(US$257.7 million), representing a 10% decrease from the same period in 2020, primarily due to less premium content launched during the quarter and challenging macroeconomic environment inChina.</p><p><blockquote>在线广告服务收入为人民币17亿元(2.577亿美元),较2020年同期下降10%,主要是由于本季度推出的优质内容减少以及中国宏观经济环境充满挑战。</blockquote></p><p> Content distribution revenue was RMB627.1 million(US$97.3 million), representing a 60% increase from the same period in 2020. The increase was primarily driven by more content titles distributed to other platforms during the quarter.</p><p><blockquote>内容发行收入为人民币6.271亿元(9730万美元),较2020年同期增长60%。这一增长主要是由于本季度向其他平台分发了更多内容标题。</blockquote></p><p> Other revenues were RMB1.0 billion(US$157.3 million), representing a 3% increase from the same period in 2020.</p><p><blockquote>其他收入为10亿元人民币(1.573亿美元),较2020年同期增长3%。</blockquote></p><p> Cost of revenues was RMB7.0 billion(US$1.1 billion), representing a 10% increase from the same period in 2020. The increase in cost of revenues was primarily due to higher content costs during the quarter. Content costs as a component of cost of revenues wereRMB5.3 billion(US$824.5 million), representing a 13% increase from the same period in 2020, primarily due to more investment in original content.</p><p><blockquote>收入成本为人民币70亿元(11亿美元),较2020年同期增长10%。收入成本的增加主要是由于本季度内容成本上升。作为收入成本组成部分的内容成本为人民币53亿元(8.245亿美元),较2020年同期增长13%,主要是由于对原创内容的投资增加。</blockquote></p><p> Selling, general and administrative expenses were RMB1.2 billion(US$193.4 million), representing a 9% decrease from the same period in 2020.</p><p><blockquote>销售、一般及管理费用为12亿元人民币(1.934亿美元),较2020年同期下降9%。</blockquote></p><p> Research and development expenses were RMB683.0 million(US$106.0 million), representing a 2% increase from the same period in 2020.</p><p><blockquote>研发费用为人民币683.0百万元(106.0百万美元),较2020年同期增长2%。</blockquote></p><p> Operating loss was RMB1.4 billion(US$212.3 million), compared to operating loss ofRMB1.2 billionin the same period in 2020. Operating loss margin was 18%, compared to operating loss margin of 17% in the same period in 2020.</p><p><blockquote>营业亏损为人民币14亿元(2.123亿美元),而2020年同期营业亏损为人民币12亿元。运营亏损率为18%,而2020年同期的运营亏损率为17%。</blockquote></p><p> Total other expense was RMB330.5 million(US$51.3 million), compared to total other income ofRMB67.0 millionduring the same period of 2020. The year-over-year variance was mainly due to the fluctuation of exchange rate between Renminbi and theU.S.dollar.</p><p><blockquote>其他费用总额为人民币3.305亿元(5130万美元),而2020年同期其他收入总额为人民币6700万元。同比差异主要是由于人民币兑美元汇率波动所致。</blockquote></p><p></p><p> Loss before income taxes was RMB1.7 billion(US$263.6 million), compared to loss before income taxes ofRMB1.1 billionin the same period in 2020.</p><p><blockquote>所得税前亏损为人民币17亿元(2.636亿美元),而2020年同期所得税前亏损为人民币11亿元。</blockquote></p><p> Income tax expense was RMB9.0million (US$1.4 million), compared to income tax expense ofRMB18.8 millionin the same period in 2020.</p><p><blockquote>所得税费用为人民币900万元(140万美元),而2020年同期所得税费用为人民币1880万元。</blockquote></p><p> Net loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI ofRMB1.2 billionin the same period in 2020. Diluted net loss attributable to iQIYI per ADS wasRMB2.17(US$0.34) for the third quarter of 2021, compared to diluted net loss attributable to iQIYI per ADS ofRMB1.61in the same period of 2020.</p><p><blockquote>归属于爱奇艺的净亏损为人民币17亿元(2.684亿美元),而2020年同期归属于爱奇艺的净亏损为人民币12亿元。2021年第三季度爱奇艺每股美国存托凭证摊薄净亏损为人民币2.17元(0.34美元),而2020年同期爱奇艺每股美国存托凭证摊薄净亏损为人民币1.61元。</blockquote></p><p> As ofSeptember 30, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments ofRMB11.0 billion(US$1.7 billion).</p><p><blockquote>截至2021年9月30日,公司拥有现金、现金等价物、限制性现金和短期投资人民币110亿元(17亿美元)。</blockquote></p><p> <b>Financial Guidance</b></p><p><blockquote><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, iQIYI expects total net revenues to be between RMB7.08 billion(US$1.10 billion) andRMB7.53 billion(US$1.17 billion), representing a 5% decrease to 1% increase year over year. This forecast reflects iQIYI's current and preliminary view, which may be subject to change.</p><p><blockquote>爱奇艺预计2021年第四季度净收入总额将在人民币70.8亿元(11.0亿美元)至人民币75.3亿元(11.7亿美元)之间,同比下降5%至增长1%。这一预测反映了爱奇艺目前的初步观点,可能会发生变化。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IQ":"爱奇艺"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132422280","content_text":"iQIYI, Inc.(Nasdaq: IQ) today announced its unaudited financial results for the third quarter ended September 30, 2021.\nThird Quarter 2021 Highlights\n\nTotal revenues were RMB7.6 billion(US$1.2 billion1), representing a 6% increase from the same period in 2020.\nOperating loss was RMB1.4 billion(US$212.3 million) and operating loss margin was 18%, compared to operating loss of RMB1.2 billion and operating loss margin of 17% in the same period in 2020.\nNet loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI of RMB1.2 billion in the same period in 2020. Diluted net loss attributable to iQIYI per ADS was RMB2.17(US$0.34), compared to diluted net loss attributable to iQIYI per ADS of RMB1.61 in the same period of 2020.\nThe number of total subscribing members was 103.6 million as of September 30, 2021, or 103.0 million excluding individuals with trial memberships.\n\n\"During the third quarter, we experienced significant uncertainty in terms of content scheduling, which resulted in softer than expected top-line performance,\" commented Mr.Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. \"We expect the uncertainty to largely remain, so we are proactively adapting ourselves to the new market environment. We are determined to continue improving the efficiency of our operations as we execute our diversified content strategy. Meanwhile, we are seeing a promising growth trajectory for our new initiatives, such as iQIYI Lite and our overseas business. We will continue to take the lead in rolling out new intelligent production capabilities and driving the industrialization of the long-form video production process, which will help to further optimize our operating efficiency. The experiences we have accumulated from the past decade and the recent temporary challenges will enable us to be more resilient and adaptive to market changes in the long run.\"\n\"Our membership services revenue increased by 8% year-over-year as we experienced subscriber volatility during the third quarter,\" commented Mr.Xiaodong Wang, Chief Financial Officer of iQIYI. \"This was driven by our refined membership strategy and innovative operational initiatives that focused on elevating the user experience. Furthermore, we will continue to improve the efficiency of our operations, and remain cautious with our investments in content. In the long term, we will continue to grow our portfolio with diversified content and develop innovative new products and services with better ROI.\"\nThird Quarter 2021 Financial Results\nTotal revenues reached RMB7.6 billion(US$1.2 billion), representing a 6% increase from the same period in 2020.\nMembership services revenue was RMB4.3 billion(US$665.5 million), representing an 8% increase from the same period in 2020. This was mainly attributable to our refined membership strategy that focused on content diversification and user experience, and improved monetization capabilities.\nOnline advertising services revenue was RMB1.7 billion(US$257.7 million), representing a 10% decrease from the same period in 2020, primarily due to less premium content launched during the quarter and challenging macroeconomic environment inChina.\nContent distribution revenue was RMB627.1 million(US$97.3 million), representing a 60% increase from the same period in 2020. The increase was primarily driven by more content titles distributed to other platforms during the quarter.\nOther revenues were RMB1.0 billion(US$157.3 million), representing a 3% increase from the same period in 2020.\nCost of revenues was RMB7.0 billion(US$1.1 billion), representing a 10% increase from the same period in 2020. The increase in cost of revenues was primarily due to higher content costs during the quarter. Content costs as a component of cost of revenues wereRMB5.3 billion(US$824.5 million), representing a 13% increase from the same period in 2020, primarily due to more investment in original content.\nSelling, general and administrative expenses were RMB1.2 billion(US$193.4 million), representing a 9% decrease from the same period in 2020.\nResearch and development expenses were RMB683.0 million(US$106.0 million), representing a 2% increase from the same period in 2020.\nOperating loss was RMB1.4 billion(US$212.3 million), compared to operating loss ofRMB1.2 billionin the same period in 2020. Operating loss margin was 18%, compared to operating loss margin of 17% in the same period in 2020.\nTotal other expense was RMB330.5 million(US$51.3 million), compared to total other income ofRMB67.0 millionduring the same period of 2020. The year-over-year variance was mainly due to the fluctuation of exchange rate between Renminbi and theU.S.dollar.\nLoss before income taxes was RMB1.7 billion(US$263.6 million), compared to loss before income taxes ofRMB1.1 billionin the same period in 2020.\nIncome tax expense was RMB9.0million (US$1.4 million), compared to income tax expense ofRMB18.8 millionin the same period in 2020.\nNet loss attributable to iQIYI was RMB1.7 billion(US$268.4 million), compared to net loss attributable to iQIYI ofRMB1.2 billionin the same period in 2020. Diluted net loss attributable to iQIYI per ADS wasRMB2.17(US$0.34) for the third quarter of 2021, compared to diluted net loss attributable to iQIYI per ADS ofRMB1.61in the same period of 2020.\nAs ofSeptember 30, 2021, the Company had cash, cash equivalents, restricted cash and short-term investments ofRMB11.0 billion(US$1.7 billion).\nFinancial Guidance\nFor the fourth quarter of 2021, iQIYI expects total net revenues to be between RMB7.08 billion(US$1.10 billion) andRMB7.53 billion(US$1.17 billion), representing a 5% decrease to 1% increase year over year. This forecast reflects iQIYI's current and preliminary view, which may be subject to change.","news_type":1,"symbols_score_info":{"IQ":0.9}},"isVote":1,"tweetType":1,"viewCount":713,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/878986172"}
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