iQIYI Reports 13% Revenue Decline and Swing to Net Loss in Q1 2026
IQ is trading near its 52-week low of $1.07 (5.6% above the low).
Summary
iQIYI reported a 13% year-over-year revenue decline and a significant swing to a net loss in the first quarter of 2026, highlighting a challenging period for the online entertainment provider.
Key Events · Earnings and Guidance · IQ
-
Revenue Decline
Total revenues decreased 13% year-over-year to RMB6.23 billion (US$902.5 million).
-
Shift to Net Loss
The company reported a net loss of RMB294.6 million (US$42.7 million), reversing from a net income of RMB182.1 million in the prior year.
-
Operating Loss
Operating results shifted from an income of RMB341.9 million in Q1 2025 to an operating loss of RMB228.4 million (US$33.1 million).
-
Reduced Free Cash Flow
Free cash flow decreased significantly to RMB109.8 million (US$15.9 million) from RMB307.7 million in the same period last year.
Analysis · IQ · Trade & Services
iQIYI's first-quarter results show a significant deterioration in financial performance, with a 13% year-over-year revenue decrease and a shift from profitability to a substantial net loss. This indicates challenges in its core online entertainment business and raises concerns about its financial health.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, IQ was trading at $1.13 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $1.07 to $2.84. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.