
Baidu-Backed Streaming Platform iQIYI Records Full-Year Profit
According to the financial report released by Baidu's Netflix-style offshoot iQIYI on February 22, the company recorded a 2022 Non-GAAP net income of 1.3 billion yuan ($186.2 million), compared to its non-GAAP net loss of 4.5 billion yuan ($653 million) in 2021.