iQIYI, Inc. (IQ) CEO Yu Gong on Q1 2022 Results - Earnings Call Transcript

iQIYI, Inc. (NASDAQ:IQ) Q1 2022 Earnings Conference Call May 26, 2022 7:00 AM ET

Company Participants

Chang You - Investor Relations, Director of Company

Yu Gong - Founder, Chief Executive Officer and Director

Jun Wang - Chief Financial Officer

Xiaohui Wang - Chief Content Officer

Wenfeng Liu - Chief Technology Officer

Xiangjun Wang - Chief Marketing Officer

Youqiao Duan - Senior Vice President, Membership Business

Xianghua Yang - Senior Vice President, Movies and Overseas Business

Conference Call Participants

Thomas Chong - Jefferies

Lei Zhang - Bank of America

Alicia Yap - Citigroup

Operator

Thank you all for standing by, and welcome to the iQIYI First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions].

I would now like to hand the conference over to IR Director, Mrs. Chang You. Thank you, please go ahead.

Chang You

Thank you, operator. Hello, everyone, and thank you for joining iQIYI’s first quarter 2022 earnings conference call. The company’s results were released today and are available on the company’s Investor Relations website at ir.iqiyi.com.

On the call today are Mr. Yu Gong, our Founder, Director and CEO; Mr. Jun Wang, our CFO; Mr. Xiaohui Wang, our CCO, Chief Content Officer; Mr. Wenfeng Liu, our CTO, Chief Technology Officer; Ms. Xiangjun Wang, our CMO, Chief Marketing Officer; Mr. Youqiao Duan, Senior Vice President of our Membership Business; and Mr. Xianghua Yang, Senior Vice President of Movies and Overseas Business.

Mr. Gong will give a brief overview of the company’s business operations and highlights, followed by Jun, who will go through the financials. After the prepared remarks, Xiaohui, Wenfeng, Xiangjun, Youqiao, Xiangjun will join Mr. Gong and Jun in the Q&A session.

Before we proceed, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but not limited to thus outlined in our public filings with the SEC. iQIYI does not undertake any obligation to update any forward-looking statements, except as required under applicable law.

With that, I will now turn the call over to Mr. Gong. Please go ahead.