The earnings call presented a mixed outlook. While there were positive developments in content distribution revenue, mini and short dramas strategy, and overseas business performance, there were significant challenges with declining total revenue and membership revenue, as well as a decrease in advertising revenue. The company is taking innovative steps to counter these challenges, but the current financial performance indicates a need for cautious optimism.

Company Guidance

During the iQIYI Q3 2024 earnings call, the company provided guidance highlighting several key metrics and strategic initiatives aimed at fostering growth and enhancing user engagement. The total revenue for the quarter was reported at RMB 7.2 billion, marking a 10% year-over-year decline. Membership services revenue was RMB 4.4 billion, down 13% from the previous year, while online advertising revenue decreased by 20% to RMB 1.3 billion. Distribution revenue, however, saw an annual growth of 52%, reaching RMB 814 million. The company emphasized its strategic focus on mini and short dramas, planning to increase investments in this content category as a way to bolster user engagement and expand its subscriber base. Additionally, iQIYI introduced a family account option to enhance membership conversions, expecting it to positively impact revenue. The company aims to leverage AI technologies across its operations to improve efficiency and content distribution, particularly overseas, where membership revenue saw significant growth in markets like Hong Kong, Brazil, and Australia.

Growth in Content Distribution Revenue

Content distribution revenue reached RMB 814 million, growing 52% annually, indicating a strong expansion in this segment.

Innovative Mini and Short Dramas Strategy

The company has integrated mini and short dramas into its content ecosystem, with a focus on 1-5 minute vertical and 5-20 minute horizontal formats, which are expected to attract new users and enhance membership retention.

Positive Overseas Business Performance

Overseas business showed solid performance with both total revenue and membership revenue growing annually and sequentially, with notable growth in regions like Hong Kong, UK, Brazil, and Australia.

Technological Advancements and AI Utilization

The company made significant progress in AI applications, improving multilingual translation and content tagging efficiency, which enhances operational efficiency.

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Iqiyi (IQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	0.02 / -	0.7	―	―	―
Nov 21, 2024	2024 (Q3)	0.05 / 0.07	0.088	-21.87% (-0.02)	―
Aug 21, 2024	2024 (Q2)	0.03 / 0.03	0.084	-59.02% (-0.05)	―
May 16, 2024	2024 (Q1)	0.08 / 0.12	0.133	-10.31% (-0.01)	―
Feb 28, 2024	2023 (Q4)	0.09 / 0.10	0.135	-28.57% (-0.04)	―
Nov 21, 2023	2023 (Q3)	0.09 / 0.09	0.029	204.76% (+0.06)	―
Aug 22, 2023	2023 (Q2)	0.07 / 0.08	0.014	510.00% (+0.07)	―
May 16, 2023	2023 (Q1)	0.08 / 0.13	0.029	361.90% (+0.10)	―
Feb 22, 2023	2022 (Q4)	0.06 / 0.13	-0.308	143.75% (+0.44)	―
Nov 22, 2022	2022 (Q3)	0.02 / 0.03	-0.298	109.68% (+0.33)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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IQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 21, 2024	$2.18	$2.02	-7.34%
Aug 21, 2024	$3.08	$2.60	-15.58%
May 16, 2024	$5.16	$5.79	+12.21%
Feb 28, 2024	$3.67	$3.67	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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