iQIYI Q2 Adj EPADS $0.03 Down From $0.08 YoY, Sales $1.00B Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
iQIYI reported a decrease in Q2 adjusted EPADS to $0.03 from $0.08 year-over-year, and sales of $1.00 billion, missing the $1.04 billion estimate.
August 22, 2024 | 9:24 am
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iQIYI's Q2 financial results show a decline in adjusted EPADS to $0.03 from $0.08 YoY, and sales of $1.00 billion, which missed the $1.04 billion estimate. This indicates potential challenges in revenue generation and profitability.
The decline in adjusted EPADS and the miss on sales estimates suggest that iQIYI is facing challenges in maintaining its profitability and revenue growth. This could lead to negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
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