Baidu-Owned iQIYI Swings to Loss in Q4

MT Newswires Live

02/20

Baidu (HKG:9888)-owned iQIYI swung to an attributable loss of 189.4 million yuan in the fourth quarter of 2024 from a profit of 466.2 million yuan a year earlier.

The Nasdaq-listed Chinese video streaming platform posted a loss per share of 0.03 yuan, reversing earnings per share of 0.07 yuan in the previous year.

Total revenue fell 14% year over year to 6.61 billion yuan from 7.71 billion yuan, according to a Tuesday news release.

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