Title rewrite: iQiyi's Q3 revenue reached 8 billion yuan, a year-on-year increase of 7%, with membership and advertising revenue growing rapidly

According to news from this site on November 21, iQiyi today released its unaudited third quarter financial report as of September 30. Financial report data shows that iQiyi’s total revenue in the third quarter was 8 billion yuan, a year-on-year increase of 7%. Attached to this site is a performance table:

iQIYI’s Q3 membership service revenue reached 5 billion yuan, a year-on-year increase of 19%. The average number of daily subscription members was 107.5 million, a year-on-year increase of 6%, and the monthly average single member revenue (ARM) reached 15.54 yuan, a year-on-year increase of 12%, reaching a record high.

This quarter’s advertising revenue was 1.7 billion yuan, a year-on-year increase of 34%. iQiyi achieved Non-GAAP (non-GAAP) operating profit of 895 million yuan in the quarter, a year-on-year increase of 71% from 524 million yuan in the same period last year.

Gong Yu, founder and CEO of iQiyi, said: "Our revenue and profits are both strong. The strong appeal of content and the increasing perception of member value have driven ARM's year-on-year growth of 12%. This It shows that iQiyi’s business model can withstand the impact of cyclical economic fluctuations.”

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