iQIYI, Inc. (IQ) Earnings Call Transcripts
iQIYI, Inc.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, iQIYI reported total revenues of RMB 6.2 billion, a sequential decline of 8%, with membership services revenue slightly up by 2% to RMB 4.2 billion. The company is focusing on expanding its content offerings and leveraging AI technology to enhance production efficiency. Management highlighted a robust growth trajectory in overseas markets, particularly in Southeast Asia, where membership revenue surged over 40% annually. Guidance for Q2 indicates optimism with a strong content pipeline and strategies to reactivate dormant members, suggesting potential for revenue recovery.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | RMB 6.2 billion (miss) |
| Membership Revenue | RMB 4.2 billion (inline) |
| Online Advertising Revenue | RMB 1.2 billion (miss) |
| Content Distribution Revenue | RMB 358.7 million (miss) |
| Operating Loss | RMB 149 million (neutral) |
| Cash Balance | RMB 4 billion (neutral) |
Guidance from management
Management is optimistic about Q2, expecting continued growth in membership driven by a strong content pipeline and operational strategies to reactivate dormant members. They are focused on expanding their international presence and leveraging AI for content production.
What analysts pressed on
Analysts expressed concerns regarding the sustainability of advertising revenue growth amidst seasonal fluctuations. There were also questions about the long-term impact of AI on content quality and viewer engagement.
Main topics on the call
- Overseas Revenue Growth — iQIYI's overseas membership revenue surged by over 40% annually, with Indonesia showing an impressive growth of over 80%. Management stated, "Membership revenue from Brazil and Mexico both grew by over 500% annually," in...
- AI Integration in Content Production — The introduction of Nado Pro, an AI-driven content production platform, aims to reduce costs and production times. CEO Tim Yu noted, "Under the AI model, the content cost is much cheaper," which is expected to enhance th...
- Content Strategy and New Formats — Management emphasized the launch of over 100 short-form dramas in 2026, which are designed to attract a broader audience. They stated, "These formats are not only shortened production cycles and lower capital barriers, b...
- Membership Business Outlook — Management expressed confidence in the membership business, citing a rich content pipeline for Q2. Senior VP Youqiao Duan mentioned, "We believe our membership business will maintain a steady development trajectory," ind...
Read the full iQIYI, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About iQIYI, Inc.
iQIYI, Inc. (IQ) is a publicly listed company in the Entertainment industry, within the Communication Services sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning February 28, 2020 to May 18, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 iQIYI, Inc. earnings call transcripts on record, spanning February 28, 2020 to May 18, 2026. Based on this history, iQIYI, Inc. reports quarterly. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- IQ
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Communication Services
- Industry
- Entertainment
- Calls on record
- 26
- First call
- February 28, 2020
- Most recent
- May 18, 2026
- Reporting cadence
- quarterly