Chinese video streaming group iQiyi incurred setbacks in subscriptions and advertising, but was able to improve its content sales, leading to a July to September quarter that was down in revenue and profit terms. Total revenues were RMB7.2 billion ($1.0 billion), a decrease of 10% year over year in the third quarter of iQiyi’s current […]

Disney ended its 2024 fiscal year with 122.7 million Disney+ Core paid subscribers, an increase of 4.4 million subs over the September quarter three month period — better than expected. In reporting fiscal Q4 2024 results that beat Wall Street forecasts, Disney’s overall streaming business stood out as profitability increased with operating income at $321 […]

Sometimes described as the world’s largest games company in revenue terms, China’s Tencent increased its net profits by 47% in the three months from July to September. Gains were driven by both its domestic and international games businesses. In addition to games, Tencent is China’s largest social media company, thanks toits ubiquitous WeChat/Weixin messaging platform) […]