Q4 25 EPS
$0.02
MISS 73.62%
Est. $0.06
Q4 25 Revenue
$998.1M
MISS 85.20%
Est. $6.74B
vs S&P Since Q4 25
-46.6%
TRAILING MARKET
IQ -38.3% vs S&P +8.3%
Full Year 2025 Results
FY 25 EPS
$0.04
FY 25 Revenue
$4.01B
Market Reaction
Did IQ Beat Earnings? Q4 2025 Results
iQIYI delivered a disappointing fourth quarter, missing consensus estimates by wide margins as its Q4 2025 results fell short of Wall Street expectations on both the top and bottom lines. The Chinese streaming platform reported revenue of $998.07 mil… Read more iQIYI delivered a disappointing fourth quarter, missing consensus estimates by wide margins as its Q4 2025 results fell short of Wall Street expectations on both the top and bottom lines. The Chinese streaming platform reported revenue of $998.07 million, growing a modest 2.7% year over year but missing the $6.74 billion consensus estimate by 85.20%, while earnings per share of $0.02 trailed the $0.06 consensus by 73.62%. The primary pressure on profitability came from an 8% rise in cost of revenues, driven by an 11% surge in content costs as the company expanded its original drama lineup, compressing operating margin from 4% to just 1%. A bright spot emerged in content distribution revenue, which surged 94% to $115.71 million on increased cash transactions, even as online advertising slipped 6% amid macro headwinds and membership revenue held flat. Analysts have noted that iQIYI requires disciplined risk management given its exposure to regulatory and geopolitical pressures. Looking ahead, management is leaning on AI-driven content development, overseas expansion, and its nascent iQIYI Land experience business to reinvigorate growth through 2026.
Key Takeaways
- • IP-centric strategy reinforced user engagement and market leadership
- • Content distribution revenue surged 94% YoY driven by increased cash transactions
- • More robust lineup of original dramas drove 11% increase in content costs
- • Favorable foreign exchange movements reduced total other expenses by 94%
- • Overseas business achieved record top-line performance in Q4
IQ YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
IQ Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the fourth quarter, our IP-centric strategy reinforced user engagement and market leadership, and we delivered improved financial performance, with total revenues growing both annually and sequentially.”
— Yu Gong, Q4 2025 Earnings Press Release
IQ Earnings Trends
IQ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IQ EPS Trend
Earnings per share: estimate vs actual
IQ Revenue Trend
Quarterly revenue: estimate vs actual
IQ Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.22 | $-0.04 | +83.81% | $913.3M | -85.39% |
| Q4 25 MISS FY | $0.06 | $0.02 | -73.62% | $998.1M | -85.20% |
| FY Full Year | — | $0.04 | — | $4.01B | — |
| Q3 25 BEAT | $-0.13 | $-0.02 | +82.84% | $981.6M | -85.05% |
| Q2 25 BEAT | $-0.03 | $0.00 | +110.39% | $973.7M | -85.35% |
| Q1 25 MISS | $0.30 | $0.05 | -84.75% | $1.06B | -85.13% |