iQIYI, Inc. American Depositary Shares - IQ STOCK NEWS

iQIYI has launched a new Standard VIP Family and Friends membership service in mainland China, allowing Standard VIP members to add an additional account at a discounted rate. The main account costs RMB25 (US$3.5) monthly, with the additional account priced at RMB8 (US$1.1), totaling RMB33 (US$4.6) for both. Each account operates independently with separate passwords, watch history, and recommendations, supporting login on up to five devices.

The service includes access to exclusive content like drama series and new formats such as 'Micro-Drama Theater' (1-5 minute vertical dramas) and 'Short-Drama Theater' (5-20 minute horizontal episodes), complementing their traditional long-form content library.

iQIYI (NASDAQ: IQ) announced it will release its third quarter 2024 financial results on November 21, 2024, before the U.S. market opens. The company will host an earnings conference call at 6:30 AM U.S. Eastern Time (7:30 PM Beijing Time) on the same day. A telephone replay will be available until November 28, 2024, and a live and archived webcast can be accessed through the company's investor relations website.

iQIYI concluded its hit comedy variety show 'The King of Stand-up Comedy' with Fu Hang winning first place. The show's finale achieved a popularity index score exceeding 9400, making it iQIYI's top variety show of 2024. The season featured 44 contestants who collectively gained over 5.98 million new followers online. The show dominated variety rankings on third-party platforms like Enlightent and Maoyan Entertainment, ranking among the top three most popular variety shows in iQIYI's major overseas markets. The series generated more than 4,890 trending searches across Chinese social media platforms and builds upon iQIYI's successful comedy ecosystem, which includes other hits like Super Sketch Show.

iQIYI, China's leading online entertainment platform, reported an 11% increase in total viewing time during the 2024 National Day Holiday (October 1-7) compared to the pre-holiday period. The report highlights growing viewer interest across various genres:

- Drama series remained dominant, with new releases quickly entering the top 10 popularity chart.
- Film viewing time surged by 70%, with four films ranking in the top 10 most popular content.
- Variety shows saw a 37% yearly increase in viewing time.
- Animation and kids' content experienced significant jumps of 69% and 35% respectively.
- Short-form content gained popularity, with iQIYI launching 'Micro-Drama Theater' and 'Short-Drama Theater'.

The platform plans to release two mobile-optimized vertical dramas weekly in the 'Micro-Drama Theater' and one new title weekly in the 'Short-Drama Theater' to cater to the growing demand for concise storytelling.

iQIYI, China's leading online entertainment platform, announced the release of over 300 new titles across diverse genres at its 2024 iJOY Conference in Shanghai. The company is strategically expanding into short-form dramas with the launch of 'Micro-Drama Theater' and 'Short-Drama Theater', exclusively for paid subscribers. This initiative addresses the growing demand for concise storytelling while maintaining premium production quality.

iQIYI is also capitalizing on the increasing global popularity of Chinese content, particularly in Southeast Asia. The company plans to enhance existing drama IPs and diversify its content offerings in documentaries, films, animation, kids' content, and sports. Additionally, iQIYI is developing Taodou 2.0, an intelligent assistant integrating advanced language model technology to enhance user experience and content distribution methods.

iQIYI, China's leading online entertainment platform, has launched The King of Stand-up Comedy, an original show that has sparked enthusiasm for stand-up comedy in China. The show, featuring 44 groups of comedians competing for the title of 'King of Comedy', has achieved a content popularity index of about 8,700 and topped iQIYI's variety show charts in overseas markets. Initiated by Stephen Chow, the show aims to inspire ordinary people to share their life observations through comedy.

iQIYI's commitment to comedy is further demonstrated by its partnership with Chow's Bingo Group to produce innovative content. The success of The King of Stand-up Comedy builds on iQIYI's previous hits like Super Sketch Show, enriching the platform's comedy ecosystem. The show has also fostered collaboration with over 40 comedy clubs, promoting sustainable development in China's growing comedy industry.

iQIYI, China's leading online entertainment service, has successfully launched a new VR immersive theater at Galaxy Macau, adapted from the popular fantasy series 'Love Between Fairy and Devil'. This project showcases the commercial potential of iQIYI's premium IP and follows successful VR adaptations of other blockbuster IPs.

The VR experience incorporates cutting-edge technology, including interactive gesture control, flight motion simulators, and artificial intelligence. The venue also features themed activities, dress-up zones, and cultural events. iQIYI plans to expand this project to various Chinese cities by the end of 2024.

This initiative is part of iQIYI's strategy to explore new revenue streams beyond membership and ads, leveraging its valuable IP for offline experiences and IP derivatives. The company aims to capitalize on the growing trend of immersive entertainment, extending the influence of its premium content and driving commercial value.

iQIYI (Nasdaq: IQ) reported its Q2 2024 financial results, showing a 5% year-over-year decrease in total revenues to RMB7.4 billion (US$1.0 billion). The company's operating income was RMB342.1 million, with an operating income margin of 5%, down from 8% in Q2 2023. Net income attributable to iQIYI decreased 81% year-over-year to RMB68.7 million. Membership services revenue, the largest segment, declined 9% to RMB4.5 billion. Despite challenges, iQIYI maintains its commitment to delivering premium content and has taken steps to optimize its financial leverage, including repurchasing convertible senior notes and entering into new facility agreements with PAG.

iQIYI, China's leading online entertainment service, premiered its new drama series 'For The Young Ones' on August 14, 2024. The series is the first Chinese drama to feature juvenile prosecutors as main characters, exploring societal issues affecting youth. It follows a team of prosecutors handling complex cases, addressing topics like school bullying and parental neglect.

The show stars actor Yi ZHANG and actress Lan QIN, known for their compelling performances. Zhiqi JIA, head of iQIYI Qixi Studio and chief producer, emphasized the series' aim to highlight the important role of juvenile prosecutors in shaping youth's lives and raise awareness about responding to incidents involving minors.

This release aligns with iQIYI's commitment to creating impactful content that addresses social issues, following their previous film 'Trending Topic' which tackled cyberbullying.