US Stock Market Move | iQIYI, Inc. Sponsored ADR Class A (IQ.US) rose more than 4%, with overseas business continuing to maintain high-speed growth.

On Tuesday, iQIYI, Inc. Sponsored ADR Class A (IQ.US) rose more than 4% to $2.145. According to the financial report, in the third quarter, the total revenue of iQIYI, Inc. Sponsored ADR Class A was 6.68 billion RMB. The overseas business of iQIYI, Inc. Sponsored ADR Class A, which is the second growth curve, continued to maintain high-speed growth. Multiple core data set historical highs: in the third quarter, the overseas business of iQIYI, Inc. Sponsored ADR Class A achieved near two-year high growth in total revenue on a year-on-year basis, and total revenue achieved double-digit growth on a year-on-year basis. The international daily average membership number reached a historical high, and membership revenue increased by over 40% year-on-year. Among them, the member revenue in Brazil, 5 Spanish-speaking markets, Mexico, and Indonesia increased by over 100% year-on-year, demonstrating its rapidly increasing payment attractiveness in emerging markets. Several iQIYI, Inc. Sponsored ADR Class A self-produced micro-dramas, including "What's Wrong With Secretary Kim", performed excellently overseas, driving a 140% increase in membership revenue on a month-on-month basis. By the end of September, micro-dramas had become the second largest content type in terms of member revenue, and viewing time, after long series. Currently, the platform is accelerating the development of local self-produced micro-dramas. Several English, Thai, Korean, and Indonesian projects have started shooting and are expected to be launched within the year, enriching the supply of overseas content to adapt to the consumption preferences of multiple markets.