iQIYI Releases 2025 Q4 and Full Year Financial Report: Annual Total Revenue of 27.29 Billion Yuan, Four Consecutive Years of Operating Profit

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On February 26, iQIYI released its unaudited financial results for the fourth quarter and full year ending December 31, 2025. The full year total revenue was 27.29 billion RMB, with a Non-GAAP operating profit of 640 million RMB, marking four consecutive years of operating profitability. In the fourth quarter, iQIYI’s total revenue reached 6.79 billion RMB, achieving year-over-year and quarter-over-quarter growth. The Non-GAAP operating profit was 140 million RMB.

Notably, overseas business showed strong growth potential in 2025, becoming a sustainable and scalable “second growth curve”: overseas annual membership revenue grew over 30% year-over-year, with the second half seeing a membership revenue growth rate of 40% year-over-year, and the total overseas membership scale reaching a new high.

iQIYI Founder and CEO Gong Yu stated, “In the fourth quarter, our IP-centered strategy strengthened user engagement and maintained our market-leading position, driving improved financial performance and achieving double growth in total revenue year-over-year and quarter-over-quarter. Moving into 2026, we will enhance content quality, strengthen membership and advertising businesses to solidify our domestic core operations; accelerate breakthroughs in overseas and experience businesses; leverage AI to create a vibrant content ecosystem; and enrich this ecosystem by supplementing AIGC content.”

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