Chinese streaming platform iQIYI swings to Q3 net loss as memberships dip

IQIYI

18/11/2025 09:13

Overview

iQIYI Q3 2025 revenue falls 8% yr/yr, with a net loss reported

Company reports operating loss of RMB121.8 mln, reversing from profit last year

Net loss for Q3 2025 was RMB248.9 mln, compared to net income last year

Outlook

Company did not provide specific financial guidance for future quarters or full year in press release

Result Drivers

LIGHTER CONTENT SLATE - Membership services revenue decreased 4% yr/yr due to a lighter content slate

DRAMA SERIES DISTRIBUTION - Content distribution revenue decreased 21% yr/yr due to lower drama series distribution

OVERSEAS GROWTH - Robust growth in overseas operations driven by strategic investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 6.68 bln
Q3 Adjusted Net Income
-RMB 148.20 mln
Q3 Net Income
-RMB 248.90 mln
Q3 Adjusted Operating Income
-RMB 21.90 mln
Q3 Operating Income
-RMB 121.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $2.49, about 17.5% above its November 17 closing price of $2.05

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX10HjN3

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(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.)