Bearish
$IQ CRASH MODE. No path to profitability. Zero hope. Congrats Shorts. Third quarter 2019 Highlights Total revenues were RMB7.4 billion (US$1.0 billion1), representing a 7% increase from the same period in 2018. Operating loss was RMB2.8 billion (US$396.2 million) and operating loss margin was 38%, compared to operating loss of RMB2.6 billion and operating loss margin of 37% in the same period in 2018. Net loss attributable to iQIYI was RMB3.7 billion (US$516.0 million), compared to net loss attributable to iQIYI of RMB3.1 billion in the same period in 2018. Diluted net loss attributable to iQIYI per ADS was RMB5.04 (US$0.70). The number of total subscribing members was 105.8 million as of September 30, 2019, 99.2% of whom were paying subscribing members. This compares to 80.7 million of total subscribing members as of September 30, 2018, up 31% year over year.
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