Iqiyi, Inc. income statement

In fiscal 2025, Iqiyi, Inc. reported revenue of $3.80bn, down 6.5% on the year before, operating income of $31.9m (a 0.8% margin) and net income of −$28.7m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Iqiyi, Inc.: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	1,693	2,573	3,787	4,199	4,306	4,737	4,318	4,504	4,062	3,798
Cost of revenue	1,723	2,574	4,112	4,395	4,042	4,265	3,324	3,265	3,051	2,998
Gross profit	−30	−1	−325	−196	264	471	994	1,239	1,011	800
Research and development	124	188	302	386	388	433	283	250	247	231
Selling, general and administrative	266	396	632	758	752	733	516	567	512	537
Operating income	−420	−585	−1,259	−1,341	−876	−694	195	422	252	32
Interest expense	17	41	14	132	155	209	106	160	148	127
Income before tax	−461	−554	−1,361	−1,481	−1,012	−932	−5	287	118	−8
Income tax	2	−1	12	8	3	15	13	11	8	20
Net income	−463	−553	−1,380	−1,495	−1,020	−956	−20	272	106	−29
Diluted EPS	—	−$1.19	—	—	—	—	—	—	—	—
Diluted shares (average)	489m	463m	—	—	—	—	—	—	—	—
EBITDA	−374	−534	−1,211	−1,272	−806	−632	246	461	272	51

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Iqiyi, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Iqiyi, Inc.