For those who don’t mind a bit of China risk iQiyi (IQ), China’s most popular video platform, reported remarkable growth with revenue up 57% at $777 million for the first quarter with strong growth across the board. Guidance for Q2 was for revenues to hit a record range between $924 million to $963.1 million. The company also announced a partnership with Chinese online retail juggernaut JD.com to link membership programs, allowing paying users of one platform's membership program to enjoy the perks of the other's premium features. With rapid growth and the stock valued at just over 3 times Q2 annualised revenues it looks very cheap.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted April 28, 2018 at 05:16PM by InterestingNews1 https://ift.tt/2HDKqF4
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