iQIYI IncIQ
▼ NegativeCapitalrelevance
Revenue fell 8% sequentially and the company posted a non-GAAP operating loss.
Impact on stocks 1
Communication Services
iQIYI InciQIYI reported total revenues of RMB6.2 billion for the first quarter of 2026, an 8% sequential decline. Membership services revenue rose 2% sequentially to RMB4.2 billion, while online advertising revenue fell 8% to RMB1.2 billion, content distribution revenue dropped 54% to RMB358.7 million, and other revenues decreased 22% to RMB426.7 million. The company posted a non-GAAP operating loss of RMB149 million, with a non-GAAP operating loss margin of approximately 2%, and net cash provided by operating activities was RMB186 million. iQIYI repurchased approximately 6.45 million ADS for USD8 million under its share repurchase program and reduced outstanding debt by repurchasing convertible senior notes, ending the quarter with RMB4 billion in cash and cash equivalents.
iQIYI IncRevenue fell 8% sequentially and the company posted a non-GAAP operating loss.