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India

iQIYI, Inc (IQ.OQ)

IQ.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

iQIYI, JD.Com Announce Exclusive Strategic Partnership To Drive Growth Of Paid Memberships
Friday, 27 Apr 2018 

April 27 (Reuters) - iQIYI, Inc ::IQIYI AND JD.COM ANNOUNCE EXCLUSIVE STRATEGIC PARTNERSHIP TO DRIVE GROWTH OF PAID MEMBERSHIPS.IQIYI, INC - UNDER NEW COOPERATION, USERS WHO PURCHASE ONE-YEAR MEMBERSHIPS FOR EITHER IQIYI OR JD WILL BE ABLE TO ENJOY BENEFITS OF BOTH PLATFORMS.  Full Article

Iqiyi Inc Q1 Loss Per Share $0.31
Friday, 27 Apr 2018 

April 26 (Reuters) - iQIYI, Inc ::IQIYI ANNOUNCES FIRST QUARTER 2018 FINANCIAL RESULTS.Q1 LOSS PER SHARE $0.31.Q1 REVENUE ROSE 57 PERCENT TO RMB 4.9 BILLION.SEES Q2 2018 REVENUE UP 42 TO 48 PERCENT.QTRLY ONLINE ADVERTISING SERVICES REVENUE WAS RMB2.1 BILLION (US$336.5 MILLION), REPRESENTING A 52% INCREASE.QTRLY CONTENT DISTRIBUTION REVENUE WAS RMB266.7 MILLION (US$42.5 MILLION), REPRESENTING A 44% INCREASE.EXPECTS TOTAL NET REVENUES TO BE BETWEEN RMB5.80 BILLION (US$924.0 MILLION) AND RMB6.04 BILLION (US$963.1 MILLION) FOR Q2 2018.  Full Article

Baidu Announces Q1 EPS RMB 16
Friday, 27 Apr 2018 

April 26 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES FIRST QUARTER 2018 RESULTS.SEES Q2 2018 REVENUE UP 26 TO 33 PERCENT.QTRLY TOTAL REVENUES WERE RMB 20.9 BILLION ($3.33 BILLION), INCREASING 31% YEAR OVER YEAR.QTRLY NET INCOME ATTRIBUTABLE TO BAIDU WAS RMB 6.7 BILLION ($1.1 BILLION) AND DILUTED EARNINGS ATTRIBUTABLE TO BAIDU PER ADS WAS RMB 19 ($2.98).QTRLY NON-GAAP NET INCOME ATTRIBUTABLE TO BAIDU WAS RMB 5.7 BILLION ($914 MILLION) AND NON-GAAP DILUTED EARNINGS PER ADS WAS RMB 16 ($2.60).COMPANY IS PLANNING TO DISPOSE OF A MAJORITY EQUITY STAKE IN BAIDU'S FINANCIAL SERVICE BUSINESS.FOR Q2 OF 2018, BAIDU EXPECTS REVENUES TO BE BETWEEN RMB 24.91 BILLION ($3.97 BILLION) AND RMB 26.19 BILLION ($4.17 BILLION).PLANNING TO DISPOSE OF A MAJORITY EQUITY STAKE IN BAIDU'S FINANCIAL SERVICE BUSINESS.QTRLY TRAFFIC ACQUISITION COST WAS RMB 2.3 BILLION ($360 MILLION), REPRESENTING A 3% INCREASE YEAR OVER YEAR.BAIDU - RMB 41.2 BILLION RELATED WITH CO'S FINANCIAL SERVICE BUSINESS WERE RECLASSIFIED TO ASSETS, LIABILITIES HELD FOR SALE ON BALANCE SHEET AS OF MARCH 31.QTRLY REVENUE PER ONLINE MARKETING CUSTOMER WAS APPROXIMATELY RMB 36,100 ($5,800), A 19% INCREASE YEAR OVER YEAR.IN QUARTER, HAD APPROXIMATELY 475,000 ACTIVE ONLINE MARKETING CUSTOMERS, REPRESENTING A 5% INCREASE YEAR OVER YEAR.QTRLY REVENUE FROM BAIDU CORE REACHED RMB 16.1 BILLION, UP 26% , WHILE REVENUE FROM IQIYI REACHED RMB 4.9 BILLION, UP 57%.  Full Article