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Earnings transcript
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IQ
IQ
iQIYI, Inc.
$1.05
-0.01
(-0.48%)
| Exchange: | NASDAQ |
| Market Cap: | 1.008B |
| Shares Outstanding: | 4.071B |
Delayed data
About The Company
| Sector: | Communication Services | |||||
| Industry: | Entertainment | |||||
| CEO: | Yu Gong | |||||
| Full Time Employees: | 4673 | |||||
| Address: |
| |||||
| Website: | https://www.iqiyi.com |
Operating under the iQIYI brand, iQIYI, Inc. is a prominent provider of online entertainment services throughout the People’s Republic of China. Its extensive portfolio of offerings encompasses internet video content, online gaming, live streaming events, digital literature, animated productions, e-commerce solutions, and a social media platform. A central feature is its video content platform, which curates a vast library of internet video, sourced both from licensed third-party professional creators and its own in-house productions. Revenue streams also include subscription-based memberships, content licensing and distribution, and online advertising. Specific offerings further include iQIYI Show, a real-time live streaming platform where users can engage with preferred hosts, public figures, and programs. Additionally, iQIYI Lite offers a streamlined and personalized video viewing experience, tailoring content recommendations to individual user tastes. Beyond its core media services, iQIYI is also active in talent management, intellectual property (IP) licensing, and the ongoing development of a dedicated video community application. Originally incorporated as Qiyi.com, Inc., the company officially adopted the name iQIYI, Inc. in November 2017. Established in 2009, iQIYI is headquartered in Beijing, China, and operates as a subsidiary of Baidu Holdings Limited.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 31,872,651 | 29,225,238 | 3,796,549.653 |
| Gross Profit | 8,770,159 | 7,271,656 | 799,748.840 |
| EBITDA | 17,254,130 | 1,817,335 | 13,042,618.595 |
| Operating Income | 2,989,479 | 1,811,203 | 229,315 |
| Net Income | 1,925,469 | 764,059 | -28,700.353 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 44,594,374 | 45,760,525 | 46,711,462 |
| Total Liabilities | 32,409,459 | 32,386,761 | 33,394,061 |
| Total Stockholders Equity | 12,086,518 | 13,365,426 | 13,325,006 |
| Total Debt | 15,290,693 | 14,193,402 | 15,546,045 |
| Cash and Cash Equivalents | 4,434,525 | 3,529,679 | 4,380,185 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,351,600 | 2,110,056.999 | 102,918.464 |
| Capital Expenditure | -104,908 | -79,319 | -93,197.701 |
| Free Cash Flow | 3,246,692 | 2,030,737.999 | 9,720.762 |
| Net Income | 1,952,554 | 764,059 | -200,690.088 |
| Net Change in Cash | -2,580,948 | -1,690,277 | 998,792.426 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 25,556,086.271 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 27,862,131.241 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 26,310,112.349 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 12,747,678.991 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 13,897,961.577 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 13,123,796.143 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,037,242.512 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,160,006.906 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,077,383.327 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 3,411,403.891 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 3,719,230.790 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,512,056.529 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.200 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.080 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 12 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: iQIYI reported total revenues of RMB 6 billion in Q4 2024, reflecting strong top-line growth as highlighted in the latest earnings call. This performance aligns with a solid content lineup driving user engagement and monetization.
- Positive Free Cash Flow: The company’s free cash flow remains positive, as derived from cash flow statements, indicating operational efficiency and the ability to fund growth initiatives without excessive reliance on external financing.
- Strategic Content Leadership: The earnings call emphasized a strong content pipeline for 2025, positioning iQIYI as a leader in premium video streaming within its sector, with a focus on enhancing user retention and subscription revenue.
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Intrinsic Value Calculator
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Common questions about IQ valuation
Is iQIYI, Inc. (IQ) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for iQIYI, Inc. (IQ) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is IQ a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether IQ trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is IQ’s P/E ratio?
You can see IQ’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for IQ?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is IQ a good long-term investment?
Whether IQ fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
IQ
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.48
Trading Metrics:
| Open: | 1.06 | Previous Close: | 1.05 | |
| Day Low: | 1.04 | Day High: | 1.07 | |
| Year Low: | 1.03 | Year High: | 2.84 | |
| Price Avg 50: | 1.21 | Price Avg 200: | 1.86 | |
| Volume: | 3.161M | Average Volume: | 9.112M |
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Welcome to MARKETSNAP’s SWOT analysis for iQIYI, the Chinese streaming giant often dubbed the "Netflix of China." If you’re a long-term investor looking to dive into the streaming and entertainment space, you’ve likely got your eye on this player. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for iQIYI to help you make sense of its potential in your portfolio. Let’s get right into it with a quick overview before we unpack the details. iQIYI operates in the…
