10 Stocks Kick Off Trading Week With Losses

4. iQIYI, Inc. (NASDAQ:IQ)

iQIYI, Inc. (NASDAQ:IQ) dropped its share prices by 9.25 percent on Tuesday as investor sentiment was dampened by disappointing earnings performance last year.

In its earnings release, IQ swung to a net loss of RMB189 million from a RMB466 million attributable net income in the fourth quarter of 2024, while net income for the full year dropped by 60 percent to RMB764 million from RMB1.9 billion in 2023.

Revenues for the full year also dropped by 8.3 percent to RMB29.22 billion from RMB31.87 billion, while revenues for the quarter declined by 14 percent to RMB6.6 billion from RMB7.7 billion.

“We continued to execute with a focus on discipline and efficiency, which led to sequential growth in operating profit for the fourth quarter. The strong operational momentum is extending into the opening of 2025, marking an encouraging start for the year,” said IQ Chief Finance Officer Jun Wang.