Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback
Zheping Huang / Bloomberg :
China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending
Iris Deng / South China Morning Post :
China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending
The Nasdaq-listed company, majority-owned by search giant Baidu, made a profit of 169.1 million yuan (US$26.7 million) …
Report accuses Baidu's streaming site iQiyi of fraud “well before its 2018 IPO”, says it inflated 2019 revenue by ~$1.13B to $1.98B by overstating user numbers
Patrick Frater / Variety : Source: Wolf Pack Research .
Baidu reports Q2 revenue of ~$3.73B, up 12% YoY, beating estimates, and a net income of ~$344M, down 62% YoY; iQiyi revenue topped ~$1.01B, up 15% YoY
Manish Singh / TechCrunch :
Baidu beats with Q4 total revenue of $3.96B, up 22% YoY, profit down 50% YoY to $303M; iQiyi beats with Q4 revenue of $1B, reports 87.4M subscribers
Maria Armental / Wall Street Journal :
iQiyi Sports, the sports arm of Baidu's video streaming service iQiyi, raises ~$124M Series A from China Sports Capital, a Sequoia China-backed fund
Eudora Wang / China Money Network : See also Mediagazer
Baidu's video streaming service iQiyi says its Q2 loss more than doubled to ~$316.9M on ~$932.5M revenue and reported 66.2M paid subscribers as of June 30
Driving Baidu's growth is artificial intelligence — Baidu Inc.'s BIDU -1.68% revenue reached a record $3.93 billion in the June quarter …
Baidu's streaming video service iQiyi falls 13.6% in Nasdaq debut, closing at $15.55, down from opening price of $18
And Then Falls Jonathan Shieber / TechCrunch : Baidu's streaming video service iQiyi falls 13.6% in Nasdaq debut Bloomberg : Baidu's iQiyi Drops in Trading Debut After Raising $2.3 Billion Austen Huff...
China's video streaming services iQiyi and Bilibili set US IPO terms: iQiyi to raise up to $2.4B at $17-$19/share, Bilibili up to $525M at $10.50-$12.50/share
Tech IPO filings follow 21 by Chinese companies last year — Tencent music, Xiaomi looking to Hong Kong for their listings