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iQIYI (IQ)
American Depository ReceiptOpen
$5.14
Previous close
$5.09
Trade high
$5.17
Volume
12,902,482
Year high
$6.47
Year low
$3.06
Dividend yield
-
Market capitalisation
$4.88 bn
P/E ratio
18.77
ISIN
US46267X1081
This share can be held in a Dealing accountSIPP
Share price
Company profile
Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has over 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue throughcontent distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.
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