iQIYI (IQ) Retained Earnings : $-6,243 Mil (As of Dec. 2023)

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What is iQIYI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. iQIYI's retained earnings for the quarter that ended in Dec. 2023 was $-6,243 Mil.

iQIYI's quarterly retained earnings increased from Jun. 2023 ($-6,356 Mil) to Sep. 2023 ($-6,172 Mil) but then declined from Sep. 2023 ($-6,172 Mil) to Dec. 2023 ($-6,243 Mil).

iQIYI's annual retained earnings increased from Dec. 2021 ($-7,405 Mil) to Dec. 2022 ($-6,670 Mil) and increased from Dec. 2022 ($-6,670 Mil) to Dec. 2023 ($-6,243 Mil).

iQIYI Retained Earnings Historical Data

The historical data trend for iQIYI's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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iQIYI Retained Earnings Chart

iQIYI Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-4,824.04

-6,265.79

-7,404.86

-6,669.66

-6,242.60

iQIYI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-6,669.66	-6,658.17	-6,355.68	-6,171.59	-6,242.60

iQIYI Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

iQIYI (NAS:IQ) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

iQIYI (IQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iQIYI Inc (NAS:IQ) » Definitions » Retained Earnings

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Address

No. 21, North Road of Workers' Stadium, 4th Floor, iQIYI Youth Center, Yoolee Plaza, Chaoyang District, Beijing, CHN, 100027

Website

https://ir.iqiyi.com

Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has over 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.