iQiyi's Cost Cuts Are Working
iQiyi (NASDAQ: IQ) is still shedding subscribers and seeing weaker advertising spending. But the company is taking big steps toward sustainable profitability.
The Chinese streaming content specialist recently announced operating results for the first quarter. The report didn't show impressive growth metrics, yet iQiyi's new content and pricing strategy is generating quick returns for the business.
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Source Fool.com
