China's iQIYI Q4 revenue rises, loss narrows on overseas business strength

IQIYI

26/02/2026 09:08

Overview

China online video service's Q4 revenue rose 3% yr/yr

Net loss for Q4 narrowed significantly compared to last year

Company's Q4 results driven by IP-centric strategy and overseas business growth

Outlook

iQIYI plans to advance content excellence and strengthen membership and advertising businesses

Company aims to accelerate growth in overseas and experience businesses

iQIYI intends to leverage AI to enhance its content ecosystem

Result Drivers

IP-CENTRIC STRATEGY - iQIYI's IP-centric strategy reinforced user engagement and market leadership, contributing to improved financial performance

OVERSEAS BUSINESS - Overseas business maintained strong growth momentum, achieving record top-line performance in Q4

CONTENT DISTRIBUTION - Content distribution revenue increased 94% yr/yr, driven by more cash transactions

Company press release: ID:nGNX1xMc32

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
RMB 6.79 bln
Q4 Adjusted Net Income
RMB 109.70 mln
Q4 Net Income
-RMB 5.80 mln
Q4 Adjusted Operating Income
RMB 143.50 mln
Q4 Adjusted Operating Margin
2.00%
Q4 Operating Income
RMB 55.40 mln
Q4 Operating Margin
1.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for iQIYI Inc is $2.41, about 35.9% above its February 25 closing price of $1.77

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)