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iQIYI, Inc. logo

iQIYI, Inc.

IQ

NASDAQCommunication ServicesEntertainment

Open in GoAI

Previous close

$1.055

+$0.025 · +2.43%

Aug 21, 4:00 PM ET

IQ company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

26

Expensive

Momentum

31

Weakening

Sentiment

46

Mixed

Risk resilience

37

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Operating under the iQIYI brand, iQIYI, Inc. is a prominent provider of online entertainment services throughout the People's Republic of China. Its extensive portfolio of offerings encompasses internet video content, online gaming, live streaming events, digital literature, animated productions, e-commerce solutions, and a social media platform. A central feature is its video content platform, which curates a vast library of internet video, sourced both from licensed third-party professional creators and its own in-house productions. Revenue streams also include subscription-based memberships, content licensing and distribution, and online advertising. Specific offerings further include iQIYI Show, a real-time live streaming platform where users can engage with preferred hosts, public figures, and programs. Additionally, iQIYI Lite offers a streamlined and personalized video viewing experience, tailoring content recommendations to individual user tastes. Beyond its core media services, iQIYI is also active in talent management, intellectual property (IP) licensing, and the ongoing development of a dedicated video community application. Originally incorporated as Qiyi.com, Inc., the company officially adopted the name iQIYI, Inc. in November 2017. Established in 2009, iQIYI is headquartered in Beijing, China, and operates as a subsidiary of Baidu Holdings Limited.

Industry
Entertainment
Sector
Communication Services
Headquarters
CN
CEO
Yu Gong
Listed since
Mar 29, 2018
Employees
4,603

Market position

Day range

Current $1.055

52-week range

Current $1.055

Open
$1.055
Previous close
$1.03
Volume
3.45M
0.48× average
Average volume
7.25M
Average daily volume
Market cap
1.02B USD
Beta
0.22
Market reference 1
50-day average
$1.1623
-9.23% below average
200-day average
$1.5227
-30.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-8.24×
P/B (TTM)
0.54×
P/S (TTM)
0.34×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
17.88%
Operating margin
-1.46%
Net margin
-3.08%

Financial health

Debt / equity
1.12×
Altman Z-score
-1.11
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%13%-6%-25%Gross margin, FY2021: 9.95%Gross margin, FY2022: 23.03%Gross margin, FY2023: 27.52%Gross margin, FY2024: 24.88%Gross margin, FY2025: 21.07%Operating margin, FY2021: -14.66%Operating margin, FY2022: 4.53%Operating margin, FY2023: 9.38%Operating margin, FY2024: 6.20%Operating margin, FY2025: 0.84%Net margin, FY2021: -20.26%Net margin, FY2022: -0.47%Net margin, FY2023: 6.04%Net margin, FY2024: 2.61%Net margin, FY2025: -0.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 9.95%. Gross margin FY2022 23.03%. Gross margin FY2023 27.52%. Gross margin FY2024 24.88%. Gross margin FY2025 21.07%. Operating margin FY2021 -14.66%. Operating margin FY2022 4.53%. Operating margin FY2023 9.38%. Operating margin FY2024 6.20%. Operating margin FY2025 0.84%. Net margin FY2021 -20.26%. Net margin FY2022 -0.47%. Net margin FY2023 6.04%. Net margin FY2024 2.61%. Net margin FY2025 -0.76%.

Income trends

Revenue

27.29B CNY-6.62%

Operating income

229.32M CNY-87.34%

Net income

−206.31M CNY−970.37M CNY
Income trends across reported periods35.68B CNY20.45B CNY5.23B CNY−10B CNYRevenue, FY2021: 30.55B CNYRevenue, FY2022: 29B CNYRevenue, FY2023: 31.87B CNYRevenue, FY2024: 29.23B CNYRevenue, FY2025: 27.29B CNYOperating income, FY2021: −4.48B CNYOperating income, FY2022: 1.31B CNYOperating income, FY2023: 2.99B CNYOperating income, FY2024: 1.81B CNYOperating income, FY2025: 229.32M CNYNet income, FY2021: −6.19B CNYNet income, FY2022: −136.21M CNYNet income, FY2023: 1.93B CNYNet income, FY2024: 764.06M CNYNet income, FY2025: −206.31M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 30.55B CNY. Revenue FY2022 29B CNY. Revenue FY2023 31.87B CNY. Revenue FY2024 29.23B CNY. Revenue FY2025 27.29B CNY. Operating income FY2021 −4.48B CNY. Operating income FY2022 1.31B CNY. Operating income FY2023 2.99B CNY. Operating income FY2024 1.81B CNY. Operating income FY2025 229.32M CNY. Net income FY2021 −6.19B CNY. Net income FY2022 −136.21M CNY. Net income FY2023 1.93B CNY. Net income FY2024 764.06M CNY. Net income FY2025 −206.31M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue27.29B CNY29.23B CNY31.87B CNY29B CNY30.55B CNY
Cost of goods sold21.54B CNY21.95B CNY23.1B CNY22.32B CNY27.51B CNY
Gross profit5.75B CNY7.27B CNY8.77B CNY6.68B CNY3.04B CNY
Research and development1.66B CNY1.78B CNY1.77B CNY1.9B CNY2.79B CNY
Selling, general, and administrative3.86B CNY3.68B CNY4.01B CNY3.47B CNY4.73B CNY
Operating expenses5.52B CNY5.46B CNY5.78B CNY5.37B CNY7.52B CNY
Interest income334.36M CNY271.82M CNY257.5M CNY69.58M CNY118.62M CNY
Interest expense909.62M CNY1.06B CNY1.13B CNY715.08M CNY1.35B CNY
Depreciation and amortization13.26B CNY6.13M CNY14.09B CNY13.66B CNY16.77B CNY
Operating income229.32M CNY1.81B CNY2.99B CNY1.31B CNY−4.48B CNY
Net income−206.31M CNY764.06M CNY1.93B CNY−136.21M CNY−6.19B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 2 misses, 2 met estimates
Average EPS surprise
+81.96%
11 comparable reports
Latest EPS result
-0.02
Estimate -0.03 · Beat by 33.33%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.090.03-0.02-0.08Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MetQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual -0.01, estimate -0.003, surprise -217.46%, Miss. Q2 2025, reported May 21, 2025: actual 0.04, estimate 0.05, surprise -20.00%, Miss. Q3 2025, reported Aug 20, 2025: actual 0.003, estimate -0.02, surprise +113.95%, Beat. Q4 2025, reported Nov 18, 2025: actual -0.02, estimate -0.02, surprise 0.00%, Met estimate. Q1 2026, reported Feb 26, 2026: actual 0.02, estimate -0.01, surprise +300.00%, Beat. Q2 2026, reported May 18, 2026: actual -0.03, estimate -0.04, surprise +25.00%, Beat. Q3 2026, reported Aug 18, 2026: actual -0.02, estimate -0.03, surprise +33.33%, Beat. Q4 2026, reported Nov 17, 2026: actual —, estimate -0.04, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.03B973.97M918.34M862.7MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 905.77M USD, estimate 906.59M USD, surprise -0.09%, Miss. Q2 2025, reported May 21, 2025: actual 990.01M USD, estimate 976.34M USD, surprise +1.40%, Beat. Q3 2025, reported Aug 20, 2025: actual 924.97M USD, estimate 928.38M USD, surprise -0.37%, Miss. Q4 2025, reported Nov 18, 2025: actual 938.41M USD, estimate 931.59M USD, surprise +0.73%, Beat. Q1 2026, reported Feb 26, 2026: actual 971.3M USD, estimate 967.41M USD, surprise +0.40%, Beat. Q2 2026, reported May 18, 2026: actual 902.3M USD, estimate 903.01M USD, surprise -0.08%, Miss. Q3 2026, reported Aug 18, 2026: actual 925.33M USD, estimate 933.55M USD, surprise -0.88%, Miss. Q4 2026, reported Nov 17, 2026: actual —, estimate 911.19M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1.81

71.56% upside
Past 12 months12-month forecastHigh $2.22Average $1.81Low $1.40

Rating distribution

22 ratings
Strong buy00%
Buy1150%
Hold941%
Sell29%
Strong sell00%

Recent analyst actions

9 institutions
UBSupgradeNeutralBuy
CitigroupmaintainBuy
Goldman SachsdowngradeBuyNeutral
HSBCdowngradeHoldReduce

IQ news

seekingalpha.com

iQIYI: Divergent Read-Throughs From Q2 Disclosures

iQIYI, Inc. is maintained at Hold, following my assessment of the positives and negatives emerging from its Q2 2026 performance and management commentary. Q2 2026 saw a revenue decline of 5.1% YoY and a widened net loss;…

Read source
247wallst.com

iQIYI Is Betting Big on AI as Its Core Business Comes Under Pressure

iQIYI has become one of the most polarizing names in Chinese internet stocks. The core streaming business is contracting, losses have returned after two profitable years, and management is betting that AI-driven content…

Read source
seekingalpha.com

iQIYI, Inc. (IQ) Q2 2026 Earnings Call Transcript

iQIYI, Inc. (IQ) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

iQIYI Q2 Earnings Call Highlights

iQIYI NASDAQ: IQ reported second-quarter revenue of RMB 6.3 billion, up 1% sequentially, as growth in content distribution offset seasonally lower membership revenue. The company said its non-GAAP operating loss narrowed…

Read source
globenewswire.com

iQIYI Announces Second Quarter 2026 Financial Results

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…

Read source
globenewswire.com

iQIYI to Report Second Quarter 2026 Financial Results on August 18, 2026

BEIJING, July 31, 2026 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial…

Read source

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ETFs holding IQ

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
8.96M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
8.67M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Schwab Fundamental Emerging Markets Large Company Index ETF logoSchwab Fundamental Emerging Markets Large Company Index ETFFNDE
Market value
6.95M
Weight
0.07%
AUM
10.2B USD
Expense ratio
0.39%
Price / 1D
$41.87+0.92%
Davis Select International ETF logoDavis Select International ETFDINT
Market value
5.66M
Weight
2.13%
AUM
292.47M USD
Expense ratio
0.66%
Price / 1D
$30.38+1.10%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
5.46M
Weight
0.00%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Davis Select Worldwide ETF logoDavis Select Worldwide ETFDWLD
Market value
2.65M
Weight
0.92%
AUM
610.92M USD
Expense ratio
0.62%
Price / 1D
$48.11+0.58%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
1.48M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
EMQQ The Emerging Markets Internet ETF logoEMQQ The Emerging Markets Internet ETFEMQQ
Market value
1.29M
Weight
0.15%
AUM
273.19M USD
Expense ratio
0.86%
Price / 1D
$34.205+0.16%

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