iQIYI Inc ADR
IQ: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|n! | LOCK|?& | LOCK|r% |
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.
