iQIYI, Inc. (NASDAQ:IQ) Q3 2022 Earnings Call Transcript

Daniel Chen: Congratulations on the really solid result. My question is on the content regulation overall environment for the long-form video. Could management share some color on this?

Yu Gong: About 2021, is last year in the 2021, there are different authorities that roll out different policies that kind of tightened the photograph regulatory environment for the online video space. But as we entered into 2022, until now the regulatory environment seems to be relatively stable, and we haven’t seen major changes in such process. The main current focus for us is to increase quality and optimize content quantity which not only applies to us and our peers, and we are glad to see that coincidently also applies to the various government authorities and then they would roll out policies that’s actually positive to such process. After the three quarters of time for ITE, we now figure out a perfect balance between the quantity that we show for content and also the amount of marketing spending into this market to promote our content.

So going forward, based on the success of our past 3 quarters and under the comp growth strategy, we believe that we can have healthy and sustainable growth for our business going forward.

Operator: There are no further questions at this time. I’ll now hand back to management for closing remarks.

Chang Yu: Thank you, everyone, for joining our call today. Please do not hesitate to contact the IR team for the management if you have further questions, and see you next time. Thank you. Bye, bye.

Operator: That does conclude our conference for today. Thank you for participating, and you may now disconnect.