iQIYI's Q4 and FY 2024 Results: What to Expect on February 18, 2025

As iQIYI, Inc. (Nasdaq: IQ) prepares to report its fourth quarter and fiscal year 2024 financial results on February 18, 2025, investors are eager to understand the company's performance and growth prospects. The Chinese streaming giant has faced challenges in recent quarters, with total revenues decreasing by 5% year over year in the second quarter of 2024. However, iQIYI remains a significant player in the global streaming market, with a strong focus on original content production and strategic partnerships.



Key metrics to watch for in iQIYI's Q4 and FY 2024 results include:

1. Revenue Growth: Investors should closely monitor iQIYI's total revenues, membership services revenue, and online advertising services revenue to assess the company's growth trajectory. In Q4 2024, iQIYI's total revenues were RMB7.2 billion (US$1.0 billion), decreasing 10% year over year (Source: Globe Newswire, Nov. 21, 2024).
2. Operating Income and Margin: Operating income and margin are crucial indicators of iQIYI's profitability. In Q4 2024, iQIYI's operating income was RMB238.9 million (US$34.0 million), with an operating income margin of 3% (Source: Globe Newswire, Nov. 21, 2024). Investors should compare these figures to the previous year's results and the company's guidance to evaluate its performance.
3. Non-GAAP Operating Income and Margin: Non-GAAP operating income and margin provide a more comprehensive view of iQIYI's operating performance, excluding certain non-cash and non-recurring items. In Q4 2024, iQIYI's non-GAAP operating income was RMB368.6 million (US$52.5 million), with a non-GAAP operating income margin of 5% (Source: Globe Newswire, Nov. 21, 2024).
4. Net Income and EPS: Net income and earnings per share (EPS) are essential metrics for evaluating iQIYI's overall financial performance. In Q4 2024, iQIYI's net income attributable to the company was RMB229.4 million (US$32.7 million), with a diluted net income per ADS of RMB0.24 (Source: Globe Newswire, Nov. 21, 2024).
5. Cash Flow: Cash flow metrics, such as operating cash flow (OCF) and free cash flow (FCF), provide insights into iQIYI's liquidity and financial health. Investors should analyze these metrics to assess the company's ability to generate cash and invest in growth opportunities.
6. Debt and Leverage: Investors should examine iQIYI's debt levels and leverage ratios to evaluate its financial risk and sustainability. In Q4 2024, iQIYI's debt-to-equity ratio was 1.03, indicating a relatively high level of debt (Source: Globe Newswire, Aug. 22, 2024).
7. User Growth and Engagement: As a streaming platform, iQIYI's user growth and engagement are critical factors driving its revenue and profitability. Investors should analyze user metrics, such as monthly active users (MAUs) and average revenue per user (ARPU), to assess the company's ability to attract and retain users.
8. Content Costs: Content costs are a significant expense for streaming platforms like iQIYI. Investors should monitor the company's content costs as a percentage of revenues to evaluate its ability to control expenses and maintain profitability.



Investors should also pay close attention to iQIYI's strategic initiatives, such as its focus on original content production, strategic partnerships, and technological innovation. These factors can significantly impact the company's future growth prospects and financial performance.

As iQIYI reports its Q4 and FY 2024 results on February 18, 2025, investors will have the opportunity to assess the company's performance and make informed decisions about its prospects in the competitive streaming landscape. By closely monitoring the key financial metrics and strategic initiatives discussed in this article, investors can better understand iQIYI's position and potential for growth in the digital entertainment market.