# Iqiyi listed first earnings report: revenue 4 billion 900 million net loss 400 million narrowed compared to the same period

2018-04-27 00:26:20
category:Internet

Highlights of the first quarter The total revenue was 4 billion 900 million yuan (US $777 million 600 thousand), an increase of 57% over the same period in 2017. The operating loss was 1 billion 100 million yuan (about 169 million 400 thousand US dollars) and the operating loss rate was 22%, and the operating loss was 1 billion yuan in the same period in 2017, and the operating loss rate was 34%. The net loss attributable to Iqiyi was 395 million 700 thousand yuan (US $63 million 100 thousand), compared with a net loss of 1 billion 100 million yuan in the same period in 2017. The total diluted share loss per share was 1.97 yuan (US $0.31), while the diluted loss per share in 2017 was 5.37 yuan. Gong Yu, founder and chief executive of Iqiyi, said: we are pleased to announce a more robust performance report in the first quarter of 2018. Our two major business pillars, advertising and membership services, have risen sharply with the promotion of quality content, especially with a series of successful homemade variety shows launched in this quarter. With the growing popularity of the Iqiyi brand, more and more global partners and artists, and more and more artists seeking to work with us, our recent initial public offering (IPO) has also made us hopeful about the future. Looking forward to the future, we will continue to strategically allocate resources and bandwidth to original content production and technological innovation, because we are eager to become a technology based entertainment giant. Financial performance in the first quarter of 2018: ? The total revenue was 4 billion 900 million yuan (US $777 million 600 thousand), an increase of 57% over the same period in 2017. The revenue of membership service was 2 billion 100 million yuan (about $333 million), up 67% from the same period in 2017. This growth was mainly due to the introduction of a series of original content in the first quarter of 2018, and the introduction of different innovative programs during the Spring Festival. Online advertising services revenue is 2 billion 100 million yuan (about $336 million 500 thousand), up 52% over the same period in 2017. The main reason for this growth is the increase in our brand advertising profitability, which is driven by our strong, expanding content, and our advertising business. Driven by strong growth; The revenue of the content distribution business was 266 million 700 thousand yuan (about $42 million 500 thousand), up 44% from the same period in 2017, mainly due to the promotion of several major TV show programs to external partners in the first quarter of 2018. Other revenue was 405 million yuan (about $64 million 600 thousand), up 51% from the same period in 2017, mainly due to the strong performance of other business in the first quarter of 2018. The revenue cost was 4 billion 800 million yuan (about $772 million 900 thousand), an increase of 44% over the 3 billion 400 million yuan after deducting VAT in the same period in 2017, mainly due to the increase in the cost of the content and the increase in the cost of content production, which in turn led to an increase in our investment in content products. In the first quarter of this year, as part of the revenue cost, Iqiyis content cost reached 3 billion 900 million yuan (about 617 million US dollars), up 54% over the same period in 2017. The R & D expenditure was 387 million 300 thousand yuan (approximately $61 million 700 thousand), up 44% from the same period in 2017, mainly due to the increase in the number of R & D personnel. The operating loss was 1 billion 100 million yuan (about 169 million 400 thousand US dollars) and the operating loss rate was 22%, while the operating loss was 1 billion yuan in the same period in 2017, and the operating loss rate was 34%. ? The total income was 666 million 200 thousand yuan (US $106 million 200 thousand), and the total expenditure in 2017 was 791 million yuan. In the first quarter of 2018, we confirmed the fair value of 186 million 600 thousand yuan (approximately $29 million 700 thousand) and foreign exchange income of 474 million 200 thousand yuan ($75 million 600 thousand). The loss before the deduction of income tax was 396 million 200 thousand yuan (US $63 million 200 thousand), compared with 1 billion 100 million yuan in the same period in 2017. The income tax expense was 500 thousand yuan (US $100 thousand), while the income tax expenditure in 2017 was 800 thousand yuan. The net loss of Iqiyi should be 395 million 700 thousand yuan (about 63 million 100 thousand US dollars), and the net loss attributable to Iqiyi in the same period in the same period in the same period was 1 billion 100 million yuan in the same period of 2017. The total dilution loss of each share in the first quarter of this year was 1.97 yuan (about US $0.31), and the loss of each share was 5.37 yuan in the same period in the same period of 2017. By March 31, 2018, Iqiyis total cash, cash equivalents and short-term investments amounted to 896 million 100 thousand yuan (US $142 million 900 thousand). In the second quarter of this year, Iqiyi expects total net revenue to be between RMB 5 billion 800 million yuan (about $924 million) to 6 billion 40 million yuan (about $963 million 100 thousand), equivalent to 42% to 48% from a year over year. This expectation is based on Iqiyis current situation and may be adjusted in the future. (small) source of this article: NetEase science and technology report editor: Wang Fengzhi _NT2541 The net loss of Iqiyi should be 395 million 700 thousand yuan (about 63 million 100 thousand US dollars). The net loss attributable to Iqiyi in the same period in the same period in the same period was 1 billion 100 million yuan in the same period of 2017, and the total dilution loss of each share in the first quarter of this year was 1.97 yuan (about 0.31 US dollars), and the loss of each share in the same period in the same period of 2017 was 5.37 yuan. ??? As of March 31, 2018, Iqiyi held cash, cash equivalents and short-term investments totaling 896 million 100 thousand yuan (US $142 million 900 thousand). Performance expectation In the second quarter of this year, Iqiyi expects total net revenue to be between 5 billion 800 million yuan (about $924 million) and 6 billion 40 million yuan (about $963 million 100 thousand), equivalent to 42% to 48% from a year over year. This expectation is based on Iqiyis current situation and may be adjusted in the future. (small)