iQiyi, Chinese Video Streamer, Profits Halved in Third Quarter
22 November 2024 at 02:20
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 iQiyiโs current [โฆ]