NasdaqGS:IQEntertainment
iQIYI (IQ) Reports Weaker Earnings, Is The 34% Undervaluation Case Still Credible?
iQIYI (IQ) is in the spotlight after its 18 August earnings release, which showed lower second quarter and first half revenue, alongside a wider net loss compared with the prior year period.
See our latest analysis for iQIYI.
The weak second quarter, together with the completed share repurchase of 21.8 million shares earlier in the year, has been met with selling pressure, with iQIYI’s share price falling 24.1% over the past week and the 1 year total shareholder return down 58.1%. This points...