On the first day of March, iQIYI handed over its 2021 transcript.
According to the financial report, iQIYI’s total revenue in fiscal year 2021 is 30.6 billion yuan, and the annual non-GAAP operating loss is 3 billion yuan, and the operating loss rate has narrowed to 10%. In terms of business, iQiyi’s annual membership service revenue was 16.7 billion yuan; advertising revenue was 7.1 billion yuan, a year-on-year increase of 4%; content distribution revenue totaled 2.9 billion yuan, a year-on-year increase of 7%; other revenue for the whole year It reached 3.9 billion yuan.
In terms of subscription membership, iQIYI had 97 million daily average subscription members in the fourth quarter, a year-on-year decrease of 5.7 million.
In the financial report, Gong Yu, founder and CEO of iQIYI, said: Our goal is to achieve a non-GAAP operating level break-even for the full year of 2022, and to achieve a quarterly non-GAAP operating level break-even as soon as possible. “
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