Iqiyi Q2 Financial report: total revenue is 7.8 billion yuan, up 17% from the same period last year.

Thanks to CTOnews.com netizens lemon_meta, rain and snow for the delivery of clues! CTOnews.com August 22 news, iqiyi released unaudited financial results for the second quarter ended June 30. According to the financial report, iqiyi's total revenue in the second quarter was 7.8 billion yuan, up 17 percent from the same period last year; revenue from member services was 4.9 billion yuan, up 15 percent from the same period last year; and the average number of daily subscribers was 111 million, up 13 percent from 98.3 million in the same period last year.

CTOnews.com learned from the financial report that iqiyi's revenue from membership services in the second quarter was 4.9 billion yuan, an increase of 15% over the same period last year, mainly due to the increase in the number of subscribers and continuous fine operation, which improved the ability to realize cash. The average single member income (ARM) was 14. 82 yuan, an increase of 2% over the same period last year, and an increase of more than 3% over the previous quarter. Online advertising service revenue was 1.5 billion yuan, up 25% from the same period last year Content distribution and other income.

Revenue and cost in the second quarter was 5.8 billion yuan, up 10% from a year earlier. Of this total, the content cost expenditure was 4.1 billion yuan, an increase of 7% over the same period last year, mainly due to an increase in the number of original dramas and variety shows launched in the quarter compared with the same period last year; sales and management expenses in the quarter were 979 million yuan, an increase of 22% over the same period last year.

As of June 30, 2023, the cash, cash equivalents, restricted cash, short-term investment and long-term restricted cash and other assets included in iqiyi's prepayments and other assets were 6.1 billion yuan.