Iqiyi Inc (IQ)
NASDAQ:IQ
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Earnings Data
Report Date
Aug 26, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a mix of near-term headwinds and strategic progress. Top-line revenue declined sequentially largely due to seasonality and fewer third-party distribution deals (total revenue -8%, ad -8%, distribution -54%), and the company remains modestly loss-making on a non-GAAP basis (~RMB 149M, ~2% margin) with limited operating cash (RMB 186M). Offsetting these weaknesses are clear operational and strategic positives: sequential membership growth and longer subscription duration, strong international membership expansion (overseas membership +40% YoY; Indonesia +80% YoY; Brazil/Mexico >100% YoY), broad adoption of Nadou Pro (10,000+ creators) and large-scale AI content initiatives (3,000+ AI micro dramas; 14,000+ micro animation titles), improved monetization for micro dramas (+60% revenue per inventory unit YoY), and disciplined cost reductions (content cost -2%, operating expenses -10%). Management also advanced IP commercialization (iQIYI LAND, merchandise records) and capital actions to strengthen the balance sheet. Overall, strategic momentum in AI, international expansion and content monetization outweigh the near-term revenue and cash challenges, suggesting a cautiously positive outlook.Company Guidance
Membership Revenue Sequential Recovery
Membership services revenue of RMB 4.2 billion, up 2% sequentially; driven by premium titles (Pursuit of Jade, The Punishment 2, How Dare You!?, The Devil Between Us) and improved upselling/longer average subscription duration for monthly subscribers; higher-tier F7 membership continued to scale.
Strong Overseas Membership Growth
Overseas membership revenue grew by over 40% year-over-year; Indonesia grew >80% YoY; Brazil and Mexico membership revenue each grew >100% YoY; average daily subscribers reached a new high and ARPU overseas reported higher than domestic.
AI-Driven Content & Nadou Pro Adoption
Launched Nadou Pro publicly (since April 20) with over 10,000 active creators onboard and ~100 iQIYI original projects using the platform; launched 3,000+ AI-generated micro dramas in Q1 and featured Peter Pau iQIYI AI Theater (16 titles), demonstrating practical AI-driven production capabilities and developer/creator ecosystem momentum.
Premium Content Successes and Popularity Milestones
Multiple long-form dramas reached top popularity: The Punishment 2 and Pursuit of Jade exceeded 10,000 on iQIYI popularity index; Born with Luck and Born to Be Alive received strong user/critical reception (Born to Be Alive highest Douban rating among domestic Q1 releases); variety and animation franchises also performed well.
Micro-Format & Library Scale
Micro animation and AI-native formats expanded to over 14,000 titles at quarter end; plan to launch over 100 short-form dramas in 2026; original micro drama contributed over half of micro-drama category revenue in Q1—indicating scalable, lower-cost content supply.
Improved Monetization for Micro Drama & Performance Ads
Revenue per inventory unit for micro dramas increased by over 60% year-over-year; targeted dramas delivered double-digit annual growth in brand ad contributions; small and mid-sized advertisers and verticals (Internet services, e-commerce, mini games) showed strong growth.
Cost Discipline and Reduced Operating Expenses
Content cost decreased 2% sequentially to RMB 3.7 billion; total operating expenses decreased 10% sequentially to RMB 1.2 billion, reflecting disciplined spending and greater capital efficiency in Q1.
Capital Actions to Strengthen Balance Sheet
Repurchased 6.45 million ADSs for ~USD 8 million and repurchased 6.5% convertible senior notes due 2028 (reduced outstanding debt); announced proposed Hong Kong main board listing and a share repurchase program up to USD 100 million through Sept 2027.
Experience & IP Commercialization Progress
iQIYI LAND Yangzhou performed in line with expectations with positive feedback; IP-based consumer merchandise set new sales records (collectible cards from Pursuit of the Chaser Games), demonstrating offline monetization traction and IP extension.
IQ Earnings History
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 18, 2026 | $1.16 | $1.13 | -2.59% |
Feb 26, 2026 | $1.77 | $1.71 | -3.39% |
Nov 18, 2025 | $2.05 | $2.18 | +6.34% |
Aug 20, 2025 | $2.28 | $2.30 | +0.88% |
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.
FAQ
When does Iqiyi Inc (IQ) report earnings?
Iqiyi Inc (IQ) is schdueled to report earning on Aug 26, 2026, After Close (Confirmed).
What is Iqiyi Inc (IQ) earnings time?
Iqiyi Inc (IQ) earnings time is at Aug 26, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IQ EPS forecast?
IQ EPS forecast for the fiscal quarter 2026 (Q2) is -0.02.
