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iQIYI (IQ) Stock Drops 9%: Chinese Streaming Platform Posts Q4 Loss While Raising Fresh Capital

By Oliver Dale at 2025-02-21 13:27

Sentiment: Negative

TLDR: iQIYI (NASDAQ:IQ) stock dropped 9.25% after reporting a net loss of RMB189 million in Q4 2024, compared to RMB466 million profit in Q4 2023 Full-year 2024 revenue declined 8.3% to RMB29.22 billion, with net income falling 60% to RMB764 million The company launched a $300 million convertible bond offering with 4.25-4.75% annual coupon rate [...] The post iQIYI (IQ) Stock Drops 9%: Chinese Streaming Platform Posts Q4 Loss While Raising Fresh Capital appeared first on CoinCentral. Continue reading...

Categories: Stocks

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