Iqiyi's Q3 revenue of 8 billion yuan increased by 7%, while membership and advertising revenue increased by double digits compared with the same period last year.

Thanks to CTOnews.com netizens for the delivery of clues about the past. According to CTOnews.com news on November 21, iqiyi today released its unaudited financial results for the third quarter ended September 30. Iqiyi's total revenue in the third quarter was 8 billion yuan, up 7 per cent from a year earlier, according to financial data. CTOnews.com attached performance table:

Iqiyi Q3 member service revenue of 5 billion yuan, an increase of 19% over the same period last year. The average number of daily subscription members was 107.5 million, an increase of 6% over the same period last year, and the average monthly single member income (ARM) reached 15.54 yuan, an increase of 12% over the same period last year, a record high.

Advertising revenue in the quarter totaled 1.7 billion yuan, up 34% from a year earlier. When Ai Qiyi realized Non-GAAP (non-American General Accounting Standards) operating profit of 895 million yuan, compared with 524 million yuan in the same period last year, an increase of 71%.

Gong Yu, founder and chief executive of iqiyi, said: "our revenue and profits are strong, and the strong attractiveness of content and the rising perception of member value have driven ARM growth by 12 per cent year-on-year, which shows that iqiyi's business model can withstand the impact of cyclical economic fluctuations."