iQIYI Announces Second Quarter 2024 Financial Results

BEIJING, Aug. 22, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues were RMB7.4 billion (US $1.0 billion1), decreasing 5% year over year.Operating income was RMB342.1 million (US$ 47.1 million) and operating income margin was 5%, compared to operating income of RMB610.4 million a ...