iQIYI Sparks a New Wave in China's Comedy Scene with 'The King of Stand-up Comedy'
PRNewswire (Fri, 13-Sep 1:37 AM ET)
iQIYI's New VR Location-Based Entertainment Well-Received in Macao
PRNewswire (Mon, 26-Aug 3:46 AM ET)
iQIYI Announces Second Quarter 2024 Financial Results
Globe Newswire (Thu, 22-Aug 5:00 AM ET)
iQIYI's 'For The Young Ones' Premieres, Spotlighting the Daily Lives of Juvenile Prosecutors
PRNewswire (Fri, 16-Aug 12:57 AM ET)
PRNewswire (Fri, 2-Aug 2:09 AM ET)
Globe Newswire (Thu, 1-Aug 4:35 AM ET)
iQIYI Variety Show 'Become a Farmer' Reaps Widespread Acclaim in Second Season
PRNewswire (Thu, 18-Jul 6:41 AM ET)
iQIYI to Report Second Quarter 2024 Financial Results on August 22, 2024
Globe Newswire (Wed, 17-Jul 5:00 AM ET)
iQIYI Launches AI Chatbots for Popular Show Characters, Enhancing Interactive Content Experience
PRNewswire (Thu, 11-Jul 1:02 AM ET)
iQIYI Releases Its XR App for Apple Vision Pro
PRNewswire (Mon, 1-Jul 7:34 AM ET)
Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has about 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.
Iqiyi - American Depositary Shares trades on the NASDAQ stock market under the symbol IQ.
As of September 18, 2024, IQ stock price climbed to $2.06 with 7,552,386 million shares trading.
IQ has a beta of 0.74, meaning it tends to be less sensitive to market movements. IQ has a correlation of 0.03 to the broad based SPY ETF.
IQ has a market cap of $1.98 billion. This is considered a Small Cap stock.
Last quarter Iqiyi - American Depositary Shares reported $1 billion in Revenue and $.03 earnings per share. This fell short of revenue expectation by $-40 million and exceeded earnings estimates by $.03.
In the last 3 years, IQ stock traded as high as $10.37 and as low as $1.65.
The top ETF exchange traded funds that IQ belongs to (by Net Assets): KWEB, VXUS, VWO, IEMG, AVEM.
IQ has underperformed the market in the last year with a price return of -56.6% while the SPY ETF gained +27.8%. IQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -49.5% and -1.4%, respectively, while the SPY returned +2.9% and +1.7%, respectively.
IQ support price is $1.98 and resistance is $2.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IQ stock will trade within this expected range on the day.