Why iQiyi Stock Jumped This Week

·2-min read
Why iQiyi Stock Jumped This Week

Investors in the Chinese streaming video specialist iQiyi (NASDAQ: IQ) enjoyed a brief rally this past week. The rally was sparked by iQiyi's Q4 earnings update, which featured improving trends on both the top and bottom lines. Operating profit margin rose to 10% of sales from 4% of sales in the prior quarter, with help from cost cuts and faster membership acquisitions.