/biz/ - Business & Finance

IQ iQIYI Inc
Summary
>Free content with Ad Based Revenue
>Subscriptions to Access special content like live sports and the ability to skip commercials
>Sub-licenses third party content to other video streaming services and has reached 30 countries and regions
>Signed licensing agreements with Warner Bros 20th Century Fox Netflix and more
>Competitors Huya Tencent and BABA
>iQIYI focuses on online entertainment its main offerings being streaming it also allows users to upload user generated content like You-Tube and it has a social media platform
>Operates China's most prominent internet streaming service as well as smart TV streaming through its partner Galaxy Internet Television

Revenue/Growth
>It generates revenue streams from membership services online advertising content distribution and merchandise
>The entertainment industry has grown from 107.07 billion USD in 2011 to 222.69 billion today
>Online entertainment growing at substantially higher rate than global average expected 343 billion in 2022

The strongest thing that iQIYI has going for it is its current advantage in the market share of streaming services in Japan
>Increased by 375% in last two years to 50.8 million in 2017
>Paying subscribers has gone from 12% in 2012 to 132% in 2016 and is projected to be 40% in 2022
>Tencent is essentially Spotify
>BABA is more or less Amazon
>iQIYI is being backed by Baidu which is similar to google in its functions and market share

Content
>The primary draw in the past has been original content but has started licensing content from others
>While many have tried to hype it as "The Netflix of China" it heavily sells merchandise and games similar to Disney
>Last year it had 5 of the nations top 10 Internet variety shows and 6 of the top 10 dramas

Financial Data July 2018
>Beta of 3.43
>P/E Ratio is 10.65
>Price/Sales is 3.35
>Enterprise Value/Sales 5.09
>Market Cap 9.03B
>Losing money as of last quarter but growing all revenues and sub counts/subscribers