回复@碧波: 晕死。那奇艺还是比较重要的因素：

We complete the ITE transaction last December and has consolidated a whole quarter of ITE financials into our P&L. The line items in our P&L reflect this consolidation.
ITE's Q1 consolidation had 3 to 4 points impact in our Q1 operating margin. For the rest of the year, we expect this impact to be largely consistent with the Q1 level.

Bandwidth and depreciation costs as a percentage of revenue in Q1 were 6.8% and 5.6%, respectively, compared to 5.2% and 5.4% in the corresponding period of 2012. The increase was mainly due to increase in network infrastructure capacity as well as the consolidation of ITE.

Content costs as a component of cost of revenues were RMB96 million, representing 1.6% of total revenues, comparing to 0.7% in the corresponding period in 2012 and 1.9% in the previous quarter. Content costs are mainly related to the ITE business.

@Ricky//@碧波:回复@梁剑:奇艺....电话会议的transcript都是找人听记的，很多专有名字就是音译，iQiyi那人听成了ITE