iQIYI (NASDAQ:IQ) reported its Q1 earnings results on Tuesday, May 16, 2023 at 05:00 AM.

Here's what investors need to know about the announcement.

Earnings

iQIYI beat estimated earnings by 133.33%, reporting an EPS of $0.14 versus an estimate of $0.06.

Revenue was up $54.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 3.14% drop in the share price the next day.

Here's a look at iQIYI's past performance:

To track all earnings releases for iQIYI visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.