iQiyi (IQ.O) reported unaudited results for the quarter ended June 30, 2026.
Total revenue was 6.29 bln yuan, up 1% QoQ; membership services 4.01 bln, online
advertising 1.25 bln, content distribution 680 mln, other 340 mln. Operating
costs were 5.25 bln; content costs 3.82 bln, +1% YoY. Selling and administrative
expenses were 740 mln and R&D 400 mln. On a non-GAAP basis, operating loss
narrowed to about 30.3 mln yuan from a 150 mln yuan loss in the prior quarter.
Operating cash flow turned positive, with net cash inflow of 340 mln yuan versus
a 12.7 mln yuan net outflow in Q2 2025.
