Baidu-Backed iQIYI Content Distribution Revenue Up 66% in Q2 2020
Chinese Netflix-style video streaming platform iQIYI, backed by Baidu, announced its second quarter financial results today.
Accodring to the report, its total revenues reached CNY 7.4 billion, representing a year-on-year increase of 4%. Membership services revenue was CNY 4.0 billion, a year-on-year increase of 19%. Online advertising services revenue decreased 28% to CNY1.6 billion compared to the same period in 2019.Content distribution revenue was CNY 860.6 million, representing a year-on-year increase of 66%.
This text is a result of machine translation.
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