iQIYI Announces First Quarter 2026 Financial Results

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">BEIJING, May 18, 2026 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IQ" rel="nofollow">IQ</a>) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.</p> <p align="justify"><strong>First Quarter 2026 Highlights</strong></p> <ul type="disc"> <li style="text-align:justify;">Total revenues were RMB6.23 billion (US$902.5 million<sup>1</sup>), decreasing 13% year over year.</li> <li style="text-align:justify;">Operating loss was RMB228.4 million (US$33.1 million) and operating loss margin was 4%, compared to operating income of RMB341.9 million and operating income margin of 5% in the same period in 2025.</li> <li style="text-align:justify;">Non-GAAP operating loss<sup>2</sup> was RMB148.6 million (US$21.5 million) and non-GAAP operating loss margin was 2%, compared to non-GAAP operating income of RMB458.5 million and non-GAAP operating income margin of 6% in the same period in 2025.</li> <li style="text-align:justify;">Net loss attributable to iQIYI was RMB294.6 million (US$42.7 million), compared to net income attributable to iQIYI of RMB182.1 million in the same period in 2025.</li> <li style="text-align:justify;">Non-GAAP net loss attributable to iQIYI<sup>2</sup> was RMB234.4 million (US$34.0 million), compared to non-GAAP net income attributable to iQIYI of RMB304.4 mi