NASDAQ$IQ
iQIYI Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
iQIYI reported a decline in revenue and profitability in Q4 2024, primarily due to a lighter content slate and foreign exchange losses.
iQIYI's total revenue fell 14% YoY to $906.0M, with operating income declining 63% to $39.1M. The company posted a net loss of $25.9M, primarily due to foreign exchange losses. Membership services revenue dropped 15%, while advertising revenue fell 13%. Despite these declines, iQIYI saw strong subscriber growth at the start of 2025, driven by blockbuster releases.
- Total revenue declined 14% YoY to $906.0M.
- Operating income dropped 63% YoY to $39.1M.
- Net loss of $25.9M due to foreign exchange losses.
- Strong subscriber growth at the start of 2025 driven by blockbuster releases.
Headline financials
Revenue & EPS history
iQIYI · Revenue · Quarterly
$906M
Revenue by segment
iQIYI · $6.63B total across 4 segments · Q2 2025
- Membership services$4.09B—61.7%
- Online advertising services$1.27B—19.2%
- Other revenues$829M—12.5%
- Content distribution$437M—6.6%
Forward guidance
iQIYI expects strong subscriber growth in early 2025, driven by blockbuster releases and increased investment in mini-dramas, which should help bolster ad revenue. However, challenges remain in content strategy and foreign exchange impacts.
Tailwinds
- Strong subscriber growth at the start of 2025.
- Blockbuster releases driving engagement.
- Increased investment in mini-dramas.
- Improvements in ad-placement efficiency.
- Operational discipline leading to cost efficiencies.
Headwinds
- Declining membership revenue due to a lighter content slate.
- Foreign exchange losses impacting profitability.
- Weak advertising revenue growth.
- Content distribution revenue under pressure.
- Operating margin decline from previous year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-2.3%
Avg return
Earnings day
-4.8%
Avg return
5 days after
-1.5%
Avg return
30 days after
44%
14 / 32 earnings
Positive
+22.6%
Q4 2018
Best reaction
-24.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | +1.3% | +5.7% | +14.0% | |
| Q1 2025 | -8.2% | -10.2% | -8.6% | |
| Q4 2024 | -9.1% | -11.2% | -6.7% | |
| Q3 2024 | -10.6% | -8.7% | -6.0% | |
| Q2 2024 | -24.0% | -26.6% | -31.8% | |
| Q1 2024 | +1.9% | -14.5% | -28.7% | |
| Q4 2023 | +0.5% | -0.8% | +15.3% | |
| Q3 2023 | -9.2% | -9.2% | -9.6% | |
| Q2 2023 | -9.8% | -11.0% | -11.0% | |
| Q1 2023 | -8.7% | -16.9% | -7.9% | |
| Q4 2022 | -2.1% | +6.2% | -5.5% | |
| Q3 2022 | -12.7% | -14.1% | +60.2% | |
| Q2 2022 | -6.9% | -10.2% | -29.5% | |
| Q1 2022 | +11.2% | +14.5% | +32.1% | |
| Q4 2021 | +21.7% | +3.1% | +9.7% | |
| Q3 2021 | -19.0% | -22.6% | -44.4% | |
| Q2 2021 | -7.2% | -14.3% | -6.1% | |
| Q1 2021 | +5.8% | +10.1% | +16.8% | |
| Q4 2020 | +2.0% | -4.9% | +10.6% | |
| Q3 2020 | -11.2% | -15.2% | -32.2% | |
| Q2 2020 | -13.3% | -13.9% | -4.1% | |
| Q1 2020 | -1.6% | -13.6% | +37.8% | |
| Q4 2019 | -7.5% | -3.7% | -23.4% | |
| Q3 2019 | +12.4% | +7.6% | +14.1% | |
| Q2 2019 | +4.7% | +3.3% | +10.9% | |
| Q1 2019 | -6.1% | -4.8% | -11.7% | |
| Q4 2017 | +6.8% | +2.9% | -7.7% | |
| Q4 2016 | +6.8% | +2.9% | -7.7% | |
| Q4 2018 | +22.6% | +18.7% | +10.7% | |
| Q3 2018 | -8.1% | -1.1% | -10.1% | |
| Q2 2018 | +1.5% | -3.4% | -4.8% | |
| Q1 2018 | +1.0% | +3.2% | +15.9% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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