iQIYI Announces Second Quarter 2026 Financial Results
Rhea-AI Summary
iQIYI (Nasdaq: IQ) reported second quarter 2026 revenues of RMB6.29 billion, down 5% year over year. Membership revenue declined 2% to RMB4.01 billion, online advertising revenue fell 2% to RMB1.25 billion, while content distribution revenue rose 56% to RMB681.5 million and other revenues dropped 58% to RMB344.9 million.
Operating loss was RMB104.8 million (margin 2%) versus a RMB46.2 million loss a year earlier. Net loss attributable to iQIYI widened to RMB287.5 million, mainly due to income tax expense of RMB219.8 million, including RMB193.6 million of discrete tax and interest at a Chinese mainland subsidiary.
Non-GAAP operating loss was RMB30.3 million, compared with non-GAAP operating income of RMB58.7 million in 2025. Operating cash flow improved to RMB339.6 million from negative RMB12.7 million, and free cash flow reached RMB319.6 million versus negative RMB34.1 million. Cash, cash equivalents, restricted cash and short-term investments totaled RMB4.12 billion at June 30, 2026. Under its up to US$100 million repurchase program, iQIYI bought back about 21.8 million ADSs for US$24.1 million.
Positive
- Content distribution revenue +56% YoY to RMB681.5 million
- Selling, general and administrative expenses -22% YoY to RMB744.2 million
- Operating cash flow improved to RMB339.6 million from -RMB12.7 million
- Free cash flow improved to RMB319.6 million from -RMB34.1 million
- Total other expense shrank to RMB5.5 million from RMB61.9 million
- Repurchased 21.8 million ADSs for US$24.1 million under buyback
Negative
- Total revenues -5% YoY to RMB6.29 billion
- Membership services revenue -2% YoY to RMB4.01 billion
- Other revenues -58% YoY to RMB344.9 million
- Operating loss widened to RMB104.8 million, margin 2%
- Net loss attributable to iQIYI increased to RMB287.5 million
- Non-GAAP net swung to RMB209.7 million loss from income
News Explained
Six-month results show a year-to-date loss position, while June 30 reporting adds RMB32,852,634 thousand of liabilities and RMB12,569,401 thousand of book equity.
This is an unaudited second-quarter results disclosure for the period ended
The June 30 balance sheet also reports total liabilities of
Market reaction after 2Q26 earnings report: IQ -4.23%
Following this news, IQ has declined 4.23%, reflecting a moderate negative market reaction. The stock is currently trading at $1.27. Trading volume is exceptionally heavy at 61.2x the average, suggesting significant selling pressure.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 18 | First-quarter earnings | Negative | -2.6% | Revenue declined and the company reported operating and net losses. |
| Feb 26 | Fiscal earnings report | Negative | -3.4% | Fiscal revenue declined and operating margins compressed despite modest non-GAAP improvement. |
| Nov 18 | Third-quarter earnings | Negative | +6.3% | Revenue and profitability declined, but the stock recorded a positive reaction. |
| Aug 20 | Second-quarter earnings | Negative | +0.9% | Revenue and major segments declined, while the stock reaction was positive. |
| May 21 | First-quarter earnings | Negative | -8.1% | Revenue and net income declined, despite continued operating profitability. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings reactions were negative in three of five events, while two positive reactions followed negative or mixed reports, indicating inconsistent alignment.
Key Terms
non-gaap financial
free cash flow financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, Aug. 18, 2026 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 Highlights
- Total revenues were RMB6.29 billion (US
$926.6 million 1), decreasing5% year over year. - Operating loss was RMB104.8 million (US
$15.4 million ) and operating loss margin was2% , compared to operating loss of RMB46.2 million and operating loss margin of1% in the same period in 2025. - Non-GAAP operating loss2 was RMB30.3 million (US
$4.5 million ) and non-GAAP operating loss margin was0.5% , compared to non-GAAP operating income of RMB58.7 million and non-GAAP operating income margin of1% in the same period in 2025. - Net loss attributable to iQIYI was RMB287.5 million (US
$42.4 million ), compared to net loss attributable to iQIYI of RMB133.7 million in the same period in 2025. - Non-GAAP net loss attributable to iQIYI2 was RMB209.7 million (US
$30.9 million ), compared to non-GAAP net income attributable to iQIYI of RMB14.7 million in the same period in 2025.
“In the second quarter, we reinforced our content leadership and advanced our strategic transformation. According to Enlightent, we maintained the No. 1 domestic market share across long-form dramas, films, and children’s content during the quarter, while our short-form dramas claimed the top domestic market share for the first time in June,” commented Mr. Yu Gong, Founder, Director, and Chief Executive Officer of iQIYI. “The strategic transformation toward a decentralized social media ecosystem and our all-in approach to AI are yielding encouraging initial results. We look forward to further leveraging AI to empower our content ecosystem and enhance our financial performance.”
“Our financial performance improved sequentially in the second quarter, marked by revenue growth and substantially narrowed operating loss,” commented Mr. Ying Tian, Chief Financial Officer of iQIYI. “We implemented our share repurchase program, underscoring our commitment to creating long-term value for shareholders.”
Second Quarter 2026 Financial Highlights
| Three Months Ended | |||||||||
| (Amounts in thousands of Renminbi (“RMB”), except for per ADS data, unaudited) | June 30, | March 31, | June 30, | ||||||
| 2025 | 2026 | 2026 | |||||||
| RMB | RMB | RMB | |||||||
| Total revenues | 6,628,248 | 6,225,775 | 6,287,064 | ||||||
| Operating loss | (46,168 | ) | (228,433 | ) | (104,758 | ) | |||
| Operating income/(loss) (non-GAAP) | 58,678 | (148,599 | ) | (30,305 | ) | ||||
| Net loss attributable to iQIYI, Inc. | (133,708 | ) | (294,581 | ) | (287,504 | ) | |||
| Net income/(loss) attributable to iQIYI, Inc. (non-GAAP) | 14,652 | (234,352 | ) | (209,674 | ) | ||||
| Diluted net loss per ADS | (0.14 | ) | (0.31 | ) | (0.30 | ) | |||
| Diluted net income/(loss) per ADS (non-GAAP)2 | 0.02 | (0.24 | ) | (0.13 | ) | ||||
Footnotes:
[1] Unless otherwise noted, RMB to USD was converted at an exchange rate of RMB6.7851 as of June 30, 2026, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Translations are provided solely for the convenience of the reader.
[2] Non-GAAP measures are defined in the Non-GAAP Financial Measures section (see also “Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures” for more details).
Second Quarter 2026 Financial Results
Total revenues reached RMB6.29 billion (US
Membership services revenue was RMB4.01 billion (US
Online advertising services revenue was RMB1.25 billion (US
Content distribution revenue was RMB681.5 million (US
Other revenues were RMB344.9 million (US
Cost of revenues was RMB5.25 billion (US
Selling, general and administrative expenses were RMB744.2 million (US
Research and development expenses were RMB398.0 million (US
Operating loss was RMB104.8 million (US
Non-GAAP operating loss was RMB30.3 million (US
Total other expense was RMB5.5 million (US
Loss before income taxes was RMB110.2 million (US
Income tax expense was RMB219.8 million (US
Net loss attributable to iQIYI was RMB287.5 million (US
Non-GAAP net loss attributable to iQIYI was RMB209.7 million (US
Net cash provided by operating activities was RMB339.6 million (US
As of June 30, 2026, the Company had cash, cash equivalents, restricted cash and short-term investments of RMB4.12 billion (US
Share Repurchase Program
Pursuant to the Company’s share repurchase program of up to US
Conference Call Information
iQIYI’s management will hold an earnings conference call at 7:00 AM on August 18, 2026, U.S. Eastern Time (7:00 PM on August 18, 2026, Beijing Time).
Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique access PIN by a calendar invite.
Participant Online Registration: https://s1.c-conf.com/diamondpass/10056305-aij68c.html
It will automatically direct you to the registration page of "iQIYI Second Quarter 2026 Earnings Conference Call", where you may fill in your details for RSVP.
In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.
A telephone replay of the call will be available after the conclusion of the conference call through August 25, 2026.
| Dial-in numbers for the replay are as follows: | |
| International Dial-in | +1 855 883 1031 |
| Passcode: | 10056305 |
A live and archived webcast of the conference call will be available at http://ir.iqiyi.com/.
About iQIYI, Inc.
iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster an environment for continuous innovation and the production of blockbuster content. It produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content in a variety of formats. iQIYI distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. Over time, iQIYI has built a massive user base and developed a diversified monetization model including membership services, online advertising services, content distribution, online games, talent agency, experience business, etc.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the quotations from management in this announcement, as well as iQIYI's strategic and operational plans, contain forward-looking statements. iQIYI may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about iQIYI’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iQIYI’s strategies; iQIYI’s future business development, financial condition and results of operations; iQIYI’s ability to retain and increase the number of users, members and advertising customers, and expand its service offerings; competition in the online entertainment industry; changes in iQIYI's revenues, costs or expenditures; Chinese governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and iQIYI undertakes no duty to update such information, except as required under applicable law.
Non-GAAP Financial Measures
To supplement iQIYI’s consolidated financial results presented in accordance with GAAP, iQIYI uses the following non-GAAP financial measures: non-GAAP operating income/(loss), non-GAAP operating income/(loss) margin, non-GAAP net income/(loss) attributable to iQIYI, non-GAAP diluted net income/(loss) attributable to iQIYI per ADS and free cash flow. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
iQIYI believes that these non-GAAP financial measures provide meaningful supplemental information regarding its operating performance by excluding certain items that may not be indicative of its business operating results, such as operating performance excluding non-cash charges or non-operating in nature. The Company believes that both management and investors benefit from referring to the non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to iQIYI’s historical operating performance. The Company believes the non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that the non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a significant component in the Company’s results of operations. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data.
Non-GAAP operating income/(loss) represents operating income/(loss) excluding share-based compensation expenses, amortization of intangible assets resulting from business combinations.
Non-GAAP net income/(loss) attributable to iQIYI, Inc. represents net income/(loss) attributable to iQIYI, Inc. excluding share-based compensation expenses, amortization of intangible assets resulting from business combinations, disposal gain or loss, impairment of long-term investments, fair value change of long-term investments, adjusted for related income tax effects. iQIYI’s share of equity method investments for these non-GAAP reconciling items, primarily amortization and impairment of intangible assets not on the investees’ books, accretion of their redeemable non-controlling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per share, adjusted for related income tax effects, are also excluded.
Non-GAAP diluted net income/(loss) per ADS represents diluted net income/(loss) per ADS calculated by dividing non-GAAP net income/(loss) attributable to iQIYI, Inc, by the weighted average number of ordinary shares expressed in ADS.
Free cash flow represents net cash provided by operating activities less capital expenditures.
For more information, please contact:
Investor Relations
iQIYI, Inc.
ir@qiyi.com
| iQIYI, INC. Condensed Consolidated Statements of Income/(Loss) (In RMB thousands, except for number of shares and per share data) | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | ||||||||||
| 2025 | 2026 | 2026 | 2025 | 2026 | ||||||||||
| RMB | RMB | RMB | RMB | RMB | ||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||||||||
| Revenues: | ||||||||||||||
| Membership services | 4,090,126 | 4,199,761 | 4,014,128 | 8,489,136 | 8,213,889 | |||||||||
| Online advertising services | 1,272,198 | 1,240,611 | 1,246,461 | 2,600,025 | 2,487,072 | |||||||||
| Content distribution | 436,578 | 358,749 | 681,529 | 1,065,321 | 1,040,278 | |||||||||
| Others | 829,346 | 426,654 | 344,946 | 1,660,235 | 771,600 | |||||||||
| Total revenues | 6,628,248 | 6,225,775 | 6,287,064 | 13,814,717 | 12,512,839 | |||||||||
| Operating costs and expenses: | ||||||||||||||
| Cost of revenues | (5,292,894 | ) | (5,233,486 | ) | (5,249,566 | ) | (10,699,235 | ) | (10,483,052 | ) | ||||
| Selling, general and administrative | (959,604 | ) | (816,530 | ) | (744,232 | ) | (1,985,346 | ) | (1,560,762 | ) | ||||
| Research and development | (421,918 | ) | (404,192 | ) | (398,024 | ) | (834,407 | ) | (802,216 | ) | ||||
| Total operating costs and expenses | (6,674,416 | ) | (6,454,208 | ) | (6,391,822 | ) | (13,518,988 | ) | (12,846,030 | ) | ||||
| Operating income/(loss) | (46,168 | ) | (228,433 | ) | (104,758 | ) | 295,729 | (333,191 | ) | |||||
| Other income/(expenses): | ||||||||||||||
| Interest income | 87,779 | 80,459 | 73,014 | 166,535 | 153,473 | |||||||||
| Interest expenses | (235,267 | ) | (213,951 | ) | (187,397 | ) | (468,696 | ) | (401,348 | ) | ||||
| Foreign exchange gain, net | 100,811 | 89,066 | 89,137 | 142,700 | 178,203 | |||||||||
| Share of losses from equity method investments | (1,086 | ) | (1,464 | ) | (2,172 | ) | (4,703 | ) | (3,636 | ) | ||||
| Others, net | (14,134 | ) | 17,936 | 21,927 | (12,410 | ) | 39,863 | |||||||
| Total other expense, net | (61,897 | ) | (27,954 | ) | (5,491 | ) | (176,574 | ) | (33,445 | ) | ||||
| Income/(loss) before income taxes | (108,065 | ) | (256,387 | ) | (110,249 | ) | 119,155 | (366,636 | ) | |||||
| Income tax expense | (27,155 | ) | (37,161 | ) | (219,778 | ) | (68,745 | ) | (256,939 | ) | ||||
| Net income/(loss) | (135,220 | ) | (293,548 | ) | (330,027 | ) | 50,410 | (623,575 | ) | |||||
| Less: Net income/(loss) attributable to noncontrolling interests | (1,512 | ) | 1,033 | (42,523 | ) | 1,973 | (41,490 | ) | ||||||
| Net income/(loss) attributable to iQIYI, Inc. | (133,708 | ) | (294,581 | ) | (287,504 | ) | 48,437 | (582,085 | ) | |||||
| Net income/(loss) attributable to ordinary shareholders | (133,708 | ) | (294,581 | ) | (287,504 | ) | 48,437 | (582,085 | ) | |||||
| Net income/(loss) per share for Class A and Class B ordinary shares: | ||||||||||||||
| Basic | (0.02 | ) | (0.04 | ) | (0.04 | ) | 0.01 | (0.09 | ) | |||||
| Diluted | (0.02 | ) | (0.04 | ) | (0.04 | ) | 0.01 | (0.09 | ) | |||||
| Net income/(loss) per ADS (1 ADS equals 7 Class A ordinary shares): | ||||||||||||||
| Basic | (0.14 | ) | (0.31 | ) | (0.30 | ) | 0.05 | (0.60 | ) | |||||
| Diluted | (0.14 | ) | (0.31 | ) | (0.30 | ) | 0.05 | (0.60 | ) | |||||
| Weighted average number of Class A and Class B ordinary shares used in net income/(loss) per share computation: | ||||||||||||||
| Basic | 6,743,563,754 | 6,756,463,437 | 6,714,713,903 | 6,742,194,780 | 6,735,473,338 | |||||||||
| Diluted | 6,743,563,754 | 6,756,463,437 | 6,714,713,903 | 6,780,167,606 | 6,735,473,338 | |||||||||
| iQIYI, INC. Condensed Consolidated Balance Sheets (In RMB thousands, except for number of shares and per share data) | ||||||
| December 31, | June 30, | |||||
| 2025 | 2026 | |||||
| RMB | RMB | |||||
| (Unaudited) | ||||||
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | 4,354,275 | 3,205,909 | ||||
| Restricted cash | 23,123 | 514 | ||||
| Short-term investments | 314,819 | 917,512 | ||||
| Accounts receivable, net | 2,522,668 | 2,611,330 | ||||
| Prepayments and other assets | 2,406,222 | 2,243,330 | ||||
| Amounts due from related parties | 221,681 | 187,686 | ||||
| Licensed copyrights, net | 447,507 | 488,913 | ||||
| Total current assets | 10,290,295 | 9,655,194 | ||||
| Non-current assets: | ||||||
| Fixed assets, net | 903,427 | 933,019 | ||||
| Long-term investments | 1,773,309 | 1,775,528 | ||||
| Deferred tax assets, net | 20,773 | 11,863 | ||||
| Licensed copyrights, net | 5,962,954 | 6,068,224 | ||||
| Intangible assets, net | 217,085 | 211,353 | ||||
| Produced content, net | 14,578,037 | 13,905,594 | ||||
| Prepayments and other assets | 8,458,312 | 8,420,032 | ||||
| Operating lease assets | 489,720 | 476,505 | ||||
| Goodwill | 3,820,823 | 3,820,823 | ||||
| Amounts due from related parties | 167,000 | 143,900 | ||||
| Total non-current assets | 36,391,440 | 35,766,841 | ||||
| Total assets | 46,681,735 | 45,422,035 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||
| Current liabilities: | ||||||
| Accounts and notes payable | 6,652,432 | 7,422,956 | ||||
| Amounts due to related parties | 3,717,283 | 3,617,220 | ||||
| Customer advances and deferred revenue | 4,160,459 | 4,191,942 | ||||
| Convertible senior notes, current portion | 1,459,151 | 1,067 | ||||
| Short-term loans | 2,493,100 | 1,945,742 | ||||
| Long-term loans, current portion | 738,391 | 1,600,388 | ||||
| Operating lease liabilities, current portion | 84,174 | 86,983 | ||||
| Accrued expenses and other liabilities | 2,762,317 | 2,630,307 | ||||
| Total current liabilities | 22,067,307 | 21,496,605 | ||||
| Non-current liabilities: | ||||||
| Long-term loans | 3,368,876 | 3,546,659 | ||||
| Convertible senior notes | 6,711,948 | 6,615,221 | ||||
| Amounts due to related parties | 38,192 | 27,412 | ||||
| Operating lease liabilities | 340,256 | 323,522 | ||||
| Other non-current liabilities | 846,230 | 843,215 | ||||
| Total non-current liabilities | 11,305,502 | 11,356,029 | ||||
| Total liabilities | 33,372,809 | 32,852,634 | ||||
| Shareholders’ equity: | ||||||
| Class A ordinary shares | 239 | 241 | ||||
| Class B ordinary shares | 193 | 193 | ||||
| Treasury Stock | - | (163,601 | ) | |||
| Additional paid-in capital | 56,026,232 | 56,179,788 | ||||
| Accumulated deficit | (44,015,680 | ) | (44,597,765 | ) | ||
| Accumulated other comprehensive income | 1,305,542 | 1,240,991 | ||||
| Non-controlling interests | (7,600 | ) | (90,446 | ) | ||
| Total shareholders’ equity | 13,308,926 | 12,569,401 | ||||
| Total liabilities and shareholders' equity | 46,681,735 | 45,422,035 | ||||
| iQIYI, INC. Condensed Consolidated Statements of Cash Flows (In RMB thousands) | ||||||||
| Three Months Ended | ||||||||
| June 30, | March 31, | June 30, | ||||||
| 2025 | 2026 | 2026 | ||||||
| RMB | RMB | RMB | ||||||
| (Unaudited) | (Unaudited) | (Unaudited) | ||||||
| Net cash provided by/(used for) operating activities | (12,731 | ) | 186,448 | 339,582 | ||||
| Net cash used for investing activities(1,2) | (114,005 | ) | (274,759 | ) | (245,937 | ) | ||
| Net cash used for financing activities | (465,256 | ) | (933,140 | ) | (200,228 | ) | ||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (27,881 | ) | (34,896 | ) | (8,385 | ) | ||
| Net decrease in cash, cash equivalents and restricted cash | (619,873 | ) | (1,056,347 | ) | (114,968 | ) | ||
| Cash, cash equivalents and restricted cash at the beginning of the period | 4,758,390 | 4,377,738 | 3,321,391 | |||||
| Cash, cash equivalents and restricted cash at the end of the period | 4,138,517 | 3,321,391 | 3,206,423 | |||||
Reconciliation of cash and cash equivalents and restricted cash: | ||||||||
| Cash and cash equivalents | 3,329,708 | 2,941,129 | 3,205,909 | |||||
| Restricted cash | 2,062 | 379,928 | 514 | |||||
| Long-term restricted cash | 806,747 | 334 | - | |||||
| Total cash and cash equivalents and restricted cash shown in the statements of cash flows | 4,138,517 | 3,321,391 | 3,206,423 | |||||
| Net cash provided by/(used for) operating activities | (12,731 | ) | 186,448 | 339,582 | ||||
| Less: Capital expenditures(2) | (21,410 | ) | (76,698 | ) | (20,015 | ) | ||
| Free cash flow | (34,141 | ) | 109,750 | 319,567 | ||||
(1) Net cash used for investing activities primarily consists of net cash flows from investing in debt securities, purchase of long-term investments and capital expenditures.
(2) Capital expenditures are incurred primarily in connection with construction in process, computers and servers.
| iQIYI, INC. Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures (Amounts in thousands of Renminbi (“RMB”), except for per ADS information, unaudited) | ||||||||
| Three Months Ended | ||||||||
| June 30, | March 31, | June 30, | ||||||
| 2025 | 2026 | 2026 | ||||||
| RMB | RMB | RMB | ||||||
| Operating loss | (46,168 | ) | (228,433 | ) | (104,758 | ) | ||
| Add: Share-based compensation expenses | 103,313 | 78,301 | 72,920 | |||||
| Add: Amortization of intangible assets(1) | 1,533 | 1,533 | 1,533 | |||||
| Operating income/(loss) (non-GAAP) | 58,678 | (148,599 | ) | (30,305 | ) | |||
| Net loss attributable to iQIYI, Inc. | (133,708 | ) | (294,581 | ) | (287,504 | ) | ||
| Add: Share-based compensation expenses | 103,313 | 78,301 | 72,920 | |||||
| Add: Amortization of intangible assets(1) | 1,533 | 1,533 | 1,533 | |||||
| Add: Impairment of long-term investments | 25,950 | 9,009 | - | |||||
| Add: Fair value loss/(gain) of long-term investments | 17,564 | (28,614 | ) | 3,377 | ||||
| Net income/(loss) attributable to iQIYI, Inc. (non-GAAP) | 14,652 | (234,352 | ) | (209,674 | ) | |||
| Diluted net loss per ADS | (0.14 | ) | (0.31 | ) | (0.30 | ) | ||
| Add: Non-GAAP adjustments to earnings per ADS | 0.16 | 0.07 | 0.17 | |||||
| Diluted net income/(loss) per ADS (non-GAAP) | 0.02 | (0.24 | ) | (0.13 | ) | |||
(1) This represents amortization of intangible assets resulting from business combinations.
