The Latest Breaking News from iQiyi

Despite pessimistic sentiment, IQ stock is flashing a rare reversal signal. Traders are eyeing a low-cost options setup with high upside potential.

iQIYI introduces 'Extra Large Font' feature to enhance accessibility for senior and visually impaired users.

Key Takeaways: A Reuters report says search engine giant Baidu is considering selling the recently profitable iQiyi platform with a target price of $7 billion

Key Takeaways: Bilibili’s first-quarter revenue jumped by 30%, but a big rise in operating costs swelled its net loss by 152% The company made progress on commercialization as monthly users who pay for its services rose above 27 million in the quarter, with a paying user ratio of 9.3% By…

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Baidu, Inc (NASDAQ:BIDU) is exploring selling its controlling stake in iQIYI, Inc (NASDAQ:IQ) at a potential valuation of ~$7 billion, Reuters reports. Baidu, which owns 53% of iQIYI and holds over 90% of its shareholder voting rights, looks to sell all its holdings in China's Netflix, Inc (NASDAQ:NFLX) counterpart. Baidu's targeted valuation of $7 billion represents…

Upgrades

Baidu, Inc (NASDAQ:BIDU) reported first-quarter FY22 revenue growth of 1% year-on-year to $4.48 billion, beating the consensus of $4.18 billion.  Segments: Baidu's Core revenue increased 4% Y/Y to $3.37 billion; Online marketing revenue declined 4% Y/Y to $2.47 billion, and Non-online marketing revenue jumped 35% Y/Y to $903 million, driven by cloud and other AI-powered businesses.…

  iQIYI (NASDAQ:IQ) reported its Q1 earnings results on Thursday, May 26, 2022 at 03:30 AM. Here's what investors need to know about the announcement.