iQIYI Inc ADR

IQ: XNAS (USA)
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Iqiyi Earnings: Share Gains in Short Drama Can't Fix a Falling Top Line; Shares Overvalued

Iqiyi's second-quarter revenue fell 5% year on year, even as its short-form drama market share doubled to 50% between March and June and reached number one for the first time. Operating loss widened and non-GAAP earnings swung to a loss. Shares fell 10% in US trading on Aug. 18.

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