iQIYI Earnings Reports

iQIYI experienced a challenging quarter, posting a net loss of $18.7M and a 1% operating loss margin, largely due to a lighter content slate and weaker ad demand. Revenue fell across most segments, with content distribution down sharply. Free cash flow turned negative for the quarter.

iQIYI delivered a solid Q1 2025 with a net income of $25.1 million and revenues nearing $1 billion, driven by strong performance in micro and long-form dramas.

iQIYI's total revenue fell 14% YoY to $906.0M, with operating income declining 63% to $39.1M. The company posted a net loss of $25.9M, primarily due to foreign exchange losses. Membership services revenue dropped 15%, while advertising revenue fell 13%. Despite these declines, iQIYI saw strong subscriber growth at the start of 2025, driven by blockbuster releases.