Baidu's iQIYI reported a net loss of almost two billion yuan in 2023. In 2018, the cost of revenues of the online video platform surged at almost 60 percent compared to the previous year, mainly due to the rising content cost in licensed copyrights and in-house productions.
Annual net loss of Chinese online video site iQIYI from 2015 to 2023
(in billion yuan)
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Loss in billion yuan
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iQIYI. (March 14, 2024). Annual net loss of Chinese online video site iQIYI from 2015 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1107854/china-online-video-platform-iqiyi-net-profit-or-loss-development/
iQIYI. "Annual net loss of Chinese online video site iQIYI from 2015 to 2023 (in billion yuan)." Chart. March 14, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1107854/china-online-video-platform-iqiyi-net-profit-or-loss-development/
iQIYI. (2024). Annual net loss of Chinese online video site iQIYI from 2015 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1107854/china-online-video-platform-iqiyi-net-profit-or-loss-development/
iQIYI. "Annual Net Loss of Chinese Online Video Site Iqiyi from 2015 to 2023 (in Billion Yuan)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/1107854/china-online-video-platform-iqiyi-net-profit-or-loss-development/
iQIYI, Annual net loss of Chinese online video site iQIYI from 2015 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1107854/china-online-video-platform-iqiyi-net-profit-or-loss-development/ (last visited August 24, 2024)
Annual net loss of Chinese online video site iQIYI from 2015 to 2023 (in billion yuan) [Graph], iQIYI, March 14, 2024. [Online]. Available: https://www.statista.com/statistics/1107854/china-online-video-platform-iqiyi-net-profit-or-loss-development/