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

Reuters
Nov 18
Chinese streaming platform iQIYI swings to Q3 net loss as memberships dip

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.)

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