=iQIYI (IQ) reported earnings on Tue 31 July 2018 (a/h)

iQIYI misses by $0.08, misses on revs 

• Reports Q2 (Jun) loss of $0.45 per share, $0.08 worse than the Capital IQ Consensus of ($0.37); revenues rose 42.6% year/year to $6.17 bln vs the $6.26 bln two analyst estimate.
  • Membership services revenue was RMB2.5 billion (US$374.0 million), representing a 66% increase from the same period in 2017.
  • Online advertising services revenue was RMB2.6 billion (US$395.6 million), representing a 45% increase from the same period in 2017.
  • Content distribution revenue was RMB539.4 million (US$81.5 million), representing an 18% increase from the same period in 2017.
• For the third quarter of 2018, iQIYI expects total net revenues to be between RMB6.70 billion (US$985.3 million3) and RMB6.98 billion (US$1.03 billion), representing a 43% to 49% increase from the same period in 2017.