iQIYI Inc. reported total revenues of RMB6.7 billion (US$938.7 million) for the third quarter ended September 30, 2025, an 8% decrease year over year. The company recorded an operating loss of RMB121.8 million (US$17.1 million), compared to an operating income of RMB238.9 million in the same period in 2024. Net loss attributable to iQIYI was RMB248.9 million (US$35.0 million), down from net income of RMB229.4 million a year earlier. Online advertising services revenue was RMB1.2 billion, decreasing 7% year over year. Content distribution revenue was RMB644.5 million, down 21%, and other revenues were RMB585.0 million, down 20% year over year. iQIYI maintained the top position in total drama viewership market share for the third quarter of 2025 and reported robust growth in its overseas operations.