iQIYI, Inc. (IQ) SEC Filings

iQIYI, Inc. (IQ) reported second quarter 2026 results showing slightly lower revenue but stronger cash generation. Total revenues were RMB6.29 billion, down 5% year over year, as modest declines in membership and advertising were partly offset by content distribution revenue of RMB681.5 million, up 56% year over year. Other revenues fell 58% due to changes in certain business cooperation arrangements.

Cost discipline continued: Selling, general and administrative expenses fell 22% year over year to RMB744.2 million, and research and development expenses declined 6%. GAAP operating loss widened to RMB104.8 million and non-GAAP operating loss to RMB30.3 million, mainly reflecting softer revenue mix. Net loss attributable to iQIYI increased to RMB287.5 million, primarily driven by a RMB219.8 million income tax expense, including RMB193.6 million of discrete tax and interest at a mainland China subsidiary.

Cash generation improved significantly. Net cash provided by operating activities was RMB339.6 million, compared with a small outflow a year earlier, and free cash flow reached RMB319.6 million. As of June 30, 2026, the company held RMB4.12 billion in cash, cash equivalents, restricted cash and short-term investments, and had repurchased about 21.8 million ADSs for US$24.1 million under its up to US$100 million share repurchase program.

T. Rowe Price Associates, Inc. reports a significant ownership position in iQIYI Inc. ADR. The firm reports beneficial ownership of 94,877,753 ADRs, representing 17.7% of the class. It holds sole voting power over 94,604,376 ADRs and sole dispositive power over 94,877,753 ADRs, with no shared voting or dispositive power. T. Rowe Price Associates states that this filing should not be construed as an admission that it is the beneficial owner of these securities and expressly denies such beneficial ownership.

Morgan Stanley reported a passive ownership position in iQIYI, Inc. Class A Ordinary Shares / American Depositary Shares. The firm reported beneficial ownership of 220,972,188 shares, representing 5.9% of this class. Morgan Stanley reported shared voting power220,558,446 shares and shared dispositive power220,972,188 shares, with no sole voting or dispositive power.

The filing explains that the reported holdings reflect securities beneficially owned, or deemed beneficially owned, by certain operating units of Morgan Stanley and its subsidiaries and affiliates, and do not include any securities held by other disaggregated units.

iQIYI, Inc. reports that its CFO, Tian Ying, holds two option positions over Class A ordinary shares. One option relates to 2,275,000 shares with an exercise price of 0.5119 per share, and the other to 2,450,000 shares with an exercise price of 0.0000 per share; both expire on July 2, 2036.

According to the vesting terms, one option vests over a four-year period with 25% vesting on each of the first four anniversaries of July 2, 2026. The other vests 25% on the first anniversary of that date, with the remaining 75% vesting in 12 equal quarterly installments beginning one calendar quarter later.

iQIYI, Inc. officer Tian Ying, CFO, reported holdings of stock options over Class A ordinary shares. One option covers 2275000 underlying shares at an exercise price of $0.5119, expiring 2036-07-02. Another option covers 2450000 underlying shares at $0.0000, also expiring 2036-07-02. The options vest over multi-year schedules tied to anniversaries of 07/02/2026.

iQIYI, Inc. filed a Form 4 identifying Ms. Zeng Ying as its Interim CFO, but the filing shows no reportable insider transactions. All transaction counters, including buys, sells, exercises, gifts, and tax withholdings, are zero, indicating no changes in her reported holdings in this filing.

iQIYI, Inc. announced a change in its finance leadership, appointing Mr. Ying Tian as Chief Financial Officer, effective immediately. Ms. Ying Zeng will step down as Interim CFO and return to her prior role as Senior Vice President of Finance.

Mr. Tian brings extensive experience from senior finance roles at Baidu AI Cloud Group, Baidu Intelligent Driving Group and Huawei Technologies, as well as board and audit committee service at Kunlunxin Technology Co., Ltd. The company highlights his track record in driving business performance and operational excellence to support iQIYI’s next phase of growth.

iQIYI, Inc. reported unaudited first‑quarter 2026 results with total revenues of RMB6.23 billion, down 13% year over year. A lighter content slate and weaker advertising contributed to declines across membership, advertising, content distribution and other revenues.

The company swung to an operating loss of RMB228.4 million and a net loss attributable to iQIYI of RMB294.6 million, compared with profits a year earlier. Non-GAAP results also turned to a loss, while free cash flow remained positive at RMB109.8 million. Management highlighted strong overseas membership revenue and ongoing cost discipline.

iQIYI repurchased US$207.8 million principal of its 6.50% convertible senior notes due 2028, leaving US$0.3 million of these notes outstanding as of March 31, 2026. Under its up to US$100 million share repurchase program adopted in March 2026, the company had bought approximately 6.5 million ADSs for US$8.0 million by the date of the release.

iQIYI, Inc. Chief Executive Officer Gong Yu reported holdings of stock options in a Form 4. He holds options linked to 2,450,000 Class A ordinary shares with a $0.0000 exercise price and an expiration date of May 11, 2036. He also holds options linked to 2,275,000 Class A ordinary shares with a $0.5119 exercise price, also expiring on May 11, 2036. According to the footnotes, these options vest over four-year schedules starting from May 11, 2026, with specified annual and quarterly vesting patterns.