iQIYI, Inc. (NASDAQ:IQ) Q4 2023 Earnings Call Transcript

First is to produce content with high public recognition and market returns. Second is to create innovative high-quality content. And third is to continuously focus on content efficiency and the number of key premium titles and social insights. In terms of the foreign drama category, there has been a clear improvement in the value of our content inventory actually as key premium content is critical to maintaining a high competitive edge in the market, we maintain a market-leading level of inventory reserve for premium titles. For 2024 lineup of our iQIYI originals and exclusive license from us, the premium key titles are expected to account for over 50%. And thank you.

Operator: This will conclude today’s question-and-answer session. I would now like to turn the conference call back over to management for any closing remarks.

Chang Yu: Thank you, everyone, for supporting us and joining the call today. And if you have further questions, feel free to contact our team. Thank you.

Tim Gong: Thank you. Bye.

Operator: And we thank you for your time also today. The conference call has now concluded. Again, we thank you all for attending today’s presentation. At this time, you may disconnect your lines. Take care.