iQIYI (NASDAQ:IQ) reported its Q1 earnings results on Tuesday, May 16, 2023 at 05:00 AM.
Here’s what investors need to know about the announcement.
Earnings
iQIYI beat estimated earnings by 133.33%, reporting an EPS of $0.14 versus an estimate of $0.06.
Revenue was up $54.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 3.14% drop in the share price the next day.
Here’s a look at iQIYI’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.02 | -0.01 | -0.06 | -0.11 |
| EPS Actual | 0.14 | 0.03 | 0.01 | 0.03 |
| Revenue Estimate | 1.09B | 1.03B | 970.61M | 1.09B |
| Revenue Actual | 1.10B | 1.09B | 993.80M | 1.15B |
To track all earnings releases for iQIYI visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
