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424B4
IQIYI, INC. filed this Form 424B4 on 03/29/2018
Entire Document
 


Table of Contents

Selected Quarterly Results of Operations

The following table sets forth our unaudited consolidated statement of operations data for each of the six quarters from July 1, 2016 to December 31, 2017. The unaudited quarterly statement of operations data set forth below have been prepared on the same basis as our audited annual consolidated financial statements and include all normal recurring adjustments that we consider necessary for a fair statement of our financial position and operating results for the periods presented. Our historical results are not necessarily indicative of the results to be expected for any future period. The following quarterly financial data for the periods indicated are qualified by reference to and should be read in conjunction with our consolidated financial statements and related notes which are included elsewhere in this prospectus.

 

    For the Three Months Ended  
    September 30,
2016
    December 31,
2016
    March 31,
2017
    June 30,
2017
    September 30,
2017
    December 31,
2017
 
    RMB     RMB     RMB     RMB     RMB     RMB  
    (in thousands of RMB and unaudited)  

Revenues:

           

Membership services

    1,168,433       1,262,952       1,329,976       1,579,530       1,696,697       1,929,825  

Online advertising services

    1,625,802       1,340,261       1,473,445       1,908,453       2,634,187       2,142,839  

Content distribution

    118,588       117,835       196,016       486,263       276,052       233,485  

Others

    344,833       434,068       284,597       352,073       343,647       511,265  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

    3,257,656       3,155,116       3,284,034       4,326,319       4,950,583       4,817,414  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

           

Cost of revenues(1)

    (3,140,991     (3,121,314     (3,558,628     (4,394,981     (4,897,843     (4,535,111

Selling, general and administrative(1)

    (465,324     (552,369     (496,145     (627,623     (777,038     (774,184

Research and development(1)

    (229,972     (243,920     (268,880     (294,371     (342,328     (364,227
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

    (3,836,287     (3,917,603     (4,323,653     (5,316,975     (6,017,209     (5,673,522
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

    (578,631     (762,487     (1,039,619     (990,656     (1,066,626     (856,108
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total other (expenses)/income, net

    (49,476     (180,817     (79,110     38,191       15,599       233,832  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income taxes

    (628,107     (943,304     (1,118,729     (952,465     (1,051,027     (622,276
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income tax (expense)/benefit

    (2,831     (4,139     (840     (705     (786     9,896  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

    (630,938     (947,443     (1,119,569     (953,170     (1,051,813     (612,380
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Note:

(1) Share-based compensation was allocated as follows:

 

    For the Three Months Ended  
    September 30,
2016
    December 31,
2016
    March 31,
2017
    June 30,
2017
    September 30,
2017
    December 31,
2017
 
    RMB     RMB     RMB     RMB     RMB     RMB  
    (in thousands of RMB and unaudited)  

Cost of revenues

    3,492       2,984       10,695       7,988       8,190       8,022  

Selling, general and administrative

    10,681       8,301       43,863       29,058       29,381       28,692  

Research and development

    6,537       5,105       23,075       14,240       15,255       14,965  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    20,710       16,390       77,633       51,286       52,826       51,679  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

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