The earnings call highlights strong revenue growth, membership increases, and successful content strategies, especially in micro dramas and international markets. However, the decline in advertising revenue, increased content costs, and challenges in overseas expansion present notable concerns.

Company Guidance -

Q3 2025

During the first quarter of fiscal year 2025, iQIYI experienced significant growth, with total revenues reaching RMB7.2 billion, marking a 9% sequential increase. Membership services contributed RMB4.4 billion, a 7% increase driven by strong performances in long-form dramas. Although advertising revenue decreased by 7% to RMB1.3 billion due to macroeconomic pressures and seasonal factors, content distribution revenue surged by 55% to RMB28.7 million. The company also saw a 24% rise in other revenues, totaling RMB830.9 million. iQIYI's strong financial performance was marked by a non-GAAP operating income of RMB458.5 million, reflecting a 13% sequential growth and a 6% operating margin. The company maintained positive net cash flow from operating activities, totaling RMB339 million, for the 12th consecutive quarter. With cash and equivalents at RMB5.7 billion, iQIYI's strategic focus on enhancing content offerings and technology, alongside disciplined financial management, underscores its commitment to sustainable growth despite a volatile market environment.

Revenue Growth and Membership Increase

Total revenues for Q1 2025 were RMB7.2 billion, up 9% sequentially. Membership services revenue reached RMB4.4 billion, up 7% sequentially, driven by strong performance of long-form dramas.

Success in Micro Dramas

Micro drama portfolio expanded to over 15,000 titles, leading to impressive growth in both daily viewing time and unique viewers, with increases of over 300% and 110% respectively compared to previous periods.

International Expansion

Revenues from regions outside Mainland China increased by over 30% year-over-year, with a significant rise in the average daily number of subscribing members.

Content Success and Awards

Notable achievements in content with titles like 'Drifting Away' and 'Modern Life, Mystic' achieving high popularity scores. The company also saw success with its original productions and adaptations.

Technological Innovations

Launch of AI-powered features to enhance user experience, like AI-generated highlight points and a chatbot, which have engaged over 100 million users.

Iqiyi (IQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 25, 2025	2025 (Q3)	0.02 / -	0.07	―	―	―
Aug 20, 2025	2025 (Q2)	>-0.01 / <0.01	0.035	-92.00% (-0.03)	―
May 21, 2025	2025 (Q1)	0.04 / 0.04	0.121	-64.37% (-0.08)	―
Feb 18, 2025	2024 (Q4)	>-0.01 / >-0.01	0.097	-108.57% (-0.11)	―
Nov 21, 2024	2024 (Q3)	0.05 / 0.07	0.089	-21.88% (-0.02)	―
Aug 22, 2024	2024 (Q2)	0.03 / 0.03	0.085	-59.02% (-0.05)	―
May 16, 2024	2024 (Q1)	0.08 / 0.12	0.135	-10.31% (-0.01)	―
Feb 28, 2024	2023 (Q4)	0.09 / 0.10	0.136	-28.57% (-0.04)	―
Nov 21, 2023	2023 (Q3)	0.09 / 0.09	0.029	204.76% (+0.06)	―
Aug 22, 2023	2023 (Q2)	0.07 / 0.08	0.014	510.00% (+0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2025	$1.86	$1.71	-8.06%
Feb 18, 2025	$2.54	$2.30	-9.45%
Nov 21, 2024	$2.18	$2.02	-7.34%
Aug 22, 2024	$3.08	$2.60	-15.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.