iQIYI (IQ) Goodwill impairment charges (2020 - 2023)
iQIYI (IQ) reported Goodwill impairment charges of $332,074 for the quarter ended Sep 30, 2023, down 77.1% from $1.45 million a year earlier and down 64.9% from the prior quarter.
iQIYI (IQ) Goodwill impairment charges (2020 - 2023) Analysis & Trends
Over the twelve months ended Sep 30, 2023, iQIYI's Goodwill impairment charges came in at $3.18 million, down 65.2% year-over-year; for the year ended Dec 31, 2022, it was $7.38 million, down 13.9% from the prior year.
- By year, Goodwill impairment charges came in at $8.56 million in the year ended Dec 31, 2021 (-69.6%) and $28.2 million in the year ended Dec 31, 2020.
- The figure for the quarter ended Sep 30, 2023 ranks as the lowest quarterly Goodwill impairment charges in data going back to the quarter ended Dec 31, 2020.
- Year over year, Goodwill impairment charges has now declined in each of the last five quarters, with an average decline of 29.6% over the last eight quarters.
- The high point for year-over-year Goodwill impairment charges in five years was the quarter ended Mar 31, 2022 (growth of 35.2%); the low point was the quarter ended Sep 30, 2023 (a decline of 77.1%).
- Per Business Quant data, the three quarters before the quarter ended Sep 30, 2023 came in at $945,029 (quarter ended Jun 30, 2023), $967,519 (quarter ended Mar 31, 2023) and $930,658 (quarter ended Dec 31, 2022).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn |
| 10 | iQIYI | 964.91 Mn | -1.40 Bn | 152.37 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 332,073.61 |
| Jun 30, 2023 | 945,029.07 |
| Mar 31, 2023 | 967,519.46 |
| Dec 31, 2022 | 930,658.39 |
| Sep 30, 2022 | 1.45 Mn |
| Jun 30, 2022 | 2.50 Mn |
| Mar 31, 2022 | 2.60 Mn |
| Dec 31, 2021 | 2.58 Mn |
| Sep 30, 2021 | 2.13 Mn |
| Jun 30, 2021 | 1.93 Mn |
| Mar 31, 2021 | 1.92 Mn |
| Dec 31, 2020 | 2.67 Mn |
iQIYI Goodwill impairment charges API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill-impairment-charges&ticker=IQ&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-impairment-charges", "ticker": "IQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=goodwill-impairment-charges&ticker=IQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();