iQIYI Q1 FY26 turns to net loss of RMB 294.6 million; revenue drops 13% to RMB 6.23 billion

• iQIYI posted Q1 2026 revenue of RMB 6.23 billion, down 13% year over year, swinging to an operating loss of RMB 228.4 million from operating income a year earlier.
• Net loss attributable to shareholders was RMB 294.6 million, swinging from net income a year earlier, with diluted net loss per ADS at RMB 0.31.
• Membership services revenue slipped 5% to RMB 4.2 billion, while online advertising services revenue fell 7% to RMB 1.24 billion.
• Content distribution revenue dropped 43% to RMB 358.7 million, while other revenue sank 49% to RMB 426.7 million.
• Management said a hit drama lineup drove sequential membership revenue growth and overseas operations delivered record membership revenue, while it plans to use AI to cut content production costs and speed production cycles.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iQIYI Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605180500PRIMZONEFULLFEED9721976) on May 18, 2026, and is solely responsible for the information contained therein.