Today news
Related News
Chinese Streamer iQIYI Points to Recovery After a Difficult 2020
Reading now: 484
variety.comPatrick Frater Asia Bureau ChiefChinese video streamer iQIYI managed to cut its losses in the financial year from RMB10.3 billion in 2019 to RMB7 billion ($1.1 billion) in 2020.
But its boost from coronavirus lockdowns was short-lived. Annual revenues were RMB29.7 billion ($4.6 billion), representing a 2% increase from 2019.Reporting its fourth quarter and full year results on Thursday, the company finished the year with 101.7 million paying subscribers.
That was a decrease compared with 106.9 million at the end of 2019 and a 14% tumble since subscriptions peaked in March 2020 at 118.9 million.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
