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Tag: IQ STOCK PRICE

  • iQIYI, Inc. (IQ) surged in the current market; here is why?

    iQIYI, Inc. (IQ) gained in the current market after announcing its fourth quarter and fiscal 2021 results. IQ values at $5.09, gaining more than 22.90% compared to yesterday’s closing price. The stock closed at $4.14 at the end of the last trading session. The stock volume traded in the previous trading session was around 10.39 million shares. The current market cap of the company is about $3.17 billion.

    IQ: Q4 and Fiscal 2021 Key Financials

    • iQIYI, Inc.’s revenue in Q4 2021 was RMB 7.3 billion. It is a slight decrease compared to the revenue of RMB 7.4 billion in Q4 2020.
    • Fiscal 2021 revenue was RMB 30 billion, slightly more than the revenue of RMB 29.7 billion in fiscal 2020.
    • The company’s net loss in Q4 2021 was around RMB 1.7 billion, more than compared to the net loss of RMB 1.5 billion in Q4 2020.
    • IQ net loss in fiscal 2021 was around RMB 6.1 billion, less than compared to the net loss of RMB 7 billion in fiscal 2020.
    • The Q4 2021 loss per share was RMB 0.32, compared to a net loss of RMB 0.30 of Q4 2020.
    • For fiscal 2021, the loss per share was RMB 1.11, compared to RMB 1.36 in fiscal 2020.

    IQ CEO’s Remarks

    Mr. Yu Gong, Founder, Director, and CEO of iQIYI, said that iQIYI is leading a new chapter in the Chinese long-form video business. We began several cost-cutting and organizational-alignment measures in the fourth quarter of 2021. The findings are favorable. We increased our operations and cost efficiency while keeping our industry-leading user metrics. I am pleased to see we are on the right track.

    IQ 2022 Guidance 

    Mr. Yu Gong further commented that we aim to achieve full-year non-GAAP operating break-even in 2022 and quarterly non-GAAP operational break-even as soon as feasible while preserving our competitive edge.

    Conclusion

    The company is looking forward to strengthening its completive edge and increasing its market share. The revenue of the company slightly increased in fiscal 2021.

  • iQIYI (IQ) stock soared today in the current trading session; Here’s why

    The iQIYI (IQ) stock recently traded at $17.78 which is a 1.46% upward movement. The IQ stock previously closed at $17.43.

    What is the recent news behind this trading behavior?

    While there is no news on today’s market that could correlate to the movement in the current trading session, iQIYI(IQ) had announced previously on 28th March, the streaming of highly successful THE9’s online concert performance over its streaming platform.

    Glimpse into iQIYI’s fundamentals

    iQIYI (IQ) is an internet entertainment and video streaming service company. iQIYI is well known to lead in its services and features of original content making. The entertainment provided on this platform is reviewed as highly engaging and popular enough to engage a huge online audience for it. The video streaming company garnered an average total of 479.8 million Monthly Active Users while the Daily Active Users consist of 115.6 million for 2020. iQIYI recently invested 100 RMB to enhance its film quality production, visual-effects, hyper-realistic interactive technology and live stream. This investment was highly rewarded on 26th and 27th March when iQIYI held the XR live concert featuring THE9 with fans highly excited for this experience.

     

    Tell me more about the TECH9 extended reality concert

    What broke the internet over the weekend was that iQIYI was able to provide a lively and hyper-realistic online experience for its users and THE9 fans who were stuck at home in the pandemic. IQ delivered what is considered an extended reality (XR) live concert screened through a LED stage with photorealistic virtual reality presentation. The overall experience was futuristic and one-of-a-kind experience.

    The immediate success of the concert was shared along with the highly enthusiastic and excited fans who shared their views online saying that “immersive experience of the concert was beyond-expectation and highly exciting performance by THE9 was very thrilling”. The fans could interact with their idols through either virtually having their seat placed in front of the performance or given an online invitation to be “on-stage”. At the same time, the visual setting for each performance was uniquely executed with adaptation of different cinematic-led background and lighting adjustments.

    Does this performance bear good news for the IQ stock?

    iQIYI’s (IQ) business boomed due to the pandemic and it utilized this opportunity fully through clever business approach and investment that combined virtual reality and online interactions. We know technology is highly advancing but to be able to market it in the way iQIYI (IQ) does, is what sets the trend pattern for future.

    Combining these cutting-edge experiences, innovative content, and high quality tech will provide additional benefits in the form of greater operational performance and increased value of IQ stock. Pioneering this online entertainment trend and sustaining it throughout the newer generation of entertainment will present IQ stock as a solid long term investment.