Core Viewpoint - The article discusses the advancements in audio-visual technology, particularly the introduction of the MAX4KHDR ultra-high-definition streaming by iQIYI for the CCTV Spring Festival Gala, aiming to enhance viewer experience and address the challenges of delivering high-quality content across various devices [1][3][11]. Group 1: Technological Advancements - iQIYI is introducing MAX4KHDR ultra-high-definition streaming for the Spring Festival Gala, allowing viewers to experience a near-original quality of the event [1][3]. - The MAX technology aims to address issues related to color display differences and network stability, ensuring a consistent viewing experience across different devices [3][5]. - The MAX certification process helps reduce quality loss throughout the production and broadcasting chain, enhancing the overall audio-visual experience [3][9]. Group 2: Industry Trends - The demand for high-quality audio-visual experiences is increasing, prompting platforms like iQIYI, Youku, and Douyin to invest in ultra-high-definition technologies [1][5]. - The Chinese ultra-high-definition industry is projected to exceed 4 trillion yuan by 2022, indicating a growing market for high-quality content [7]. - iQIYI's efforts in enhancing audio-visual quality are seen as a significant move towards industry-wide upgrades, with a focus on high-quality growth rather than rapid expansion [11]. Group 3: User Experience - Users may not be familiar with technical terms but can perceive significant improvements in viewing experiences with MAX technology compared to standard 1080P [4][5]. - iQIYI has accumulated over 20,000 pieces of 4K HDR content, collaborating with major TV brands to ensure compatibility and enhance user experience [5][9]. - The MAX certification allows users to enjoy a simplified setup process, automatically adjusting settings based on their TV's hardware for optimal viewing [5][9]. Group 4: Market Position - iQIYI's Q3 2023 financial report shows a daily average of 107.5 million subscribers, with a record average revenue per member of 15.54 yuan, indicating strong market performance [11]. - The company is positioning itself as a leader in the audio-visual quality upgrade movement within the long-video industry, potentially influencing competitors to follow suit [11].

BEIJING, Feb. 06, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2023 before the U.S. market opens on February 28, 2024. iQIYI’s management will hold an earnings conference call at 6:30 AM on February 28, 2024, U.S. Eastern Time (7:30 PM on February 28, 2024, Beijing Time). Please register in adv ...

Earnings Announcement and Conference Call - iQIYI Inc will report its financial results for the fourth quarter and fiscal year ended December 31 2023 before the US market opens on February 28 2024 [1] - The earnings conference call will be held at 6:30 AM US Eastern Time on February 28 2024 (7:30 PM Beijing Time) [1] - Participants can register in advance for the conference call using the provided link and will receive dial-in numbers passcode and unique access PIN [1] - A telephone replay of the call will be available until March 6 2024 with international dial-in number +1 855 883 1031 and passcode 10036705 [2] - A live and archived webcast of the conference call will be available at http://ir iqiyi com [2] Company Overview - iQIYI Inc is a leading provider of online entertainment video services in China combining creative talent with technology for continuous innovation and blockbuster content production [3] - The company produces aggregates and distributes a wide variety of professionally produced content and other video content in various formats [3] - iQIYI distinguishes itself in the online entertainment industry through its leading technology platform powered by advanced AI big data analytics and other core proprietary technologies [3] - The company has a daily subscriber base of more than 100 million and a diversified monetization model including membership services online advertising content distribution online games IP licensing talent agency and online literature [3]

Exhibit 99.1 iQIYI Announces Third Quarter 2023 Financial Results BEIJING, CHINA, November 21, 2023 – iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights "We recorded strong results in both revenues and profits. ARM increased by 12% year over year, driven by our compelling content offering and growing perceived valu ...

iQIYI, Inc. (NASDAQ:IQ) Q3 2023 Earnings Call Transcript November 21, 2023 6:30 AM ET Company Participants Chang You - Director of Investor Relations Yu Gong - Founder, Director & Chief Executive Officer Jun Wang - Chief Financial Officer Youqiao Duan - Senior Vice President, Membership Business Xiaohui Wang - Chief Content Officer Wenfeng Liu - Chief Technology Officer Conference Call Participants Xueqing Zhang - CICC Lincoln Kong - Goldman Sachs Daniel Chen - JPMorgan Thomas Chong - Jefferies Maggie Ye - ...

iQIYI, Inc. (NASDAQ:IQ) Q2 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Chang You - Director of Investor Relations Yu Gong - Founder, Director & Chief Executive Officer Jun Wang - Chief Financial Officer Xiaohui Wang - Chief Content Officer Wenfeng Liu - Chief Technology Officer Youqiao Duan - Senior Vice President, Membership Business Gang Wu - Senior Vice President of Brand Advertising Business Conference Call Participants Xueqing Zhang - CICC Lei Zhang - Bank of America S ...

Financial Performance - Total revenues for Q2 2023 reached RMB7.8 billion (US$1.1 billion), representing a 17% year-over-year increase[5] - Operating income was RMB610.4 million (US$84.2 million), with an operating income margin of 8%, compared to 2% in Q2 2022[5] - Non-GAAP operating income was RMB786.4 million (US$108.4 million), with a non-GAAP operating income margin of 10%, up from 5% in the same period last year[5] - Net income attributable to iQIYI was RMB365.2 million (US$50.4 million), a significant recovery from a net loss of RMB214.0 million in Q2 2022[5] - Total revenues for the three months ended June 30, 2023, were RMB 7,802,297, representing a 17.2% increase from RMB 6,656,549 in the same period of 2022[33] - Operating income for the three months ended June 30, 2023, was RMB 610,392, compared to RMB 125,787 for the same period in 2022, marking a significant increase of 385.5%[33] - Net income attributable to iQIYI, Inc. for the three months ended June 30, 2023, was RMB 365,207, a turnaround from a net loss of RMB 213,995 in the same period of 2022[33] - Diluted net income per ADS for the three months ended June 30, 2023, was RMB 0.37, compared to a loss of RMB 0.28 in the same period of 2022[41] - Non-GAAP net income attributable to iQIYI, Inc. for the three months ended June 30, 2023, was RMB 594,663, compared to RMB 78,253 in the same period of 2022[41] Revenue Streams - Membership services revenue increased to RMB4.9 billion (US$682.2 million), a 15% year-over-year growth driven by an increase in subscribing members[8] - The average daily number of total subscribing members rose to 111.2 million, compared to 98.3 million in Q2 2022[9] - Online advertising services revenue grew by 25% year-over-year to RMB1.5 billion (US$206.2 million), primarily due to performance-based advertising[10] - Membership services revenue for the six months ended June 30, 2023, reached RMB 10,493,872, up 19.8% from RMB 8,756,546 in the same period of 2022[33] Costs and Cash Flow - Cost of revenues was RMB5.8 billion (US$796.3 million), a 10% increase year-over-year, mainly due to higher content costs[12] - Free cash flow for the three months ended June 30, 2023, was RMB 872,253, compared to a negative free cash flow of RMB 18,646 in the same period of 2022[37] - Cash and cash equivalents at the end of June 30, 2023, were RMB 3,565,285, down from RMB 7,097,938 at the end of December 31, 2022[35] Assets and Liabilities - As of June 30, 2023, the company had cash and cash equivalents totaling RMB6.1 billion (US$840.8 million)[19] - Total assets decreased to RMB 43,088,918 as of June 30, 2023, from RMB 46,048,349 as of December 31, 2022[35] - Total liabilities decreased to RMB 32,347,631 as of June 30, 2023, from RMB 39,704,910 as of December 31, 2022[35] Future Investments - The company is investing in transformative technologies, including generative AI, to support future growth[4]

iQIYI, Inc. (NASDAQ:IQ) Q1 2023 Earnings Conference Call May 16, 2023 7:00 AM ET Company Participants Chang You - Director of Investor Relations Yu Gong - Founder, Director & Chief Executive Officer Jun Wang - Chief Financial Officer Xiaohui Wang - Chief Content Officer Wenfeng Liu - Chief Technology Officer Youqiao Duan - Senior Vice President, Membership Business Conference Call Participants Xueqing Zhang - CICC Lincoln Kong - Goldman Sachs Daniel Chen - JPMorgan Alicia Yap - Citigroup Operator Thank you ...

Financial Performance - Total revenues for Q1 2023 reached RMB 8.3 billion (US$1.2 billion), a 15% increase year over year[2] - Operating income was RMB 858.6 million (US$125.0 million), with an operating income margin of 10%, compared to 1% in the same period last year[8] - Non-GAAP operating income was RMB 1.0 billion (US$150.6 million), with a non-GAAP operating income margin of 12%, up from 4% in Q1 2022[8] - Net income attributable to iQIYI was RMB 618.1 million (US$90.0 million), compared to RMB 169.1 million in Q1 2022[10] - Operating income for Q1 2023 was RMB 858,631 thousand, compared to RMB 783,556 thousand in Q4 2022, reflecting a 9.6% increase[20] - Net income attributable to iQIYI, Inc. for Q1 2023 was RMB 618,109 thousand, a significant increase from RMB 304,259 thousand in Q4 2022[20] - Non-GAAP operating income for Q1 2023 was RMB 1,034,296, up 5.7% from RMB 978,681 in Q4 2022[26] - Non-GAAP net income attributable to iQIYI, Inc. for Q1 2023 was RMB 939,533, reflecting a growth of 9.7% from RMB 856,374 in Q4 2022[26] - Diluted net income per ADS for Q1 2023 was RMB 0.64, up 82.9% from RMB 0.35 in Q4 2022[26] - Non-GAAP diluted net income per ADS for Q1 2023 was RMB 0.97, a slight decrease of 1.0% from RMB 0.98 in Q4 2022[26] Membership Services - Membership services revenue was RMB 5.5 billion (US$807.8 million), up 24% year over year, driven by strong growth in subscribing members[6] - The average daily number of total subscribing members increased to 128.9 million, compared to 101.4 million in Q1 2022[5] - The monthly average revenue per membership (ARM) for the quarter was RMB 14.35, slightly down from RMB 14.69 in Q1 2022[5] - Membership services revenue grew to RMB 5,547,305 thousand in Q1 2023, up 16.5% from RMB 4,743,562 thousand in Q4 2022[20] Expenses - Selling, general and administrative expenses increased by 48% year over year to RMB 1.1 billion (US$161.0 million) due to higher marketing spending[8] - Research and development expenses decreased by 10% year over year to RMB 428.3 million (US$62.4 million)[8] - Share-based compensation expenses decreased to RMB 169,046 in Q1 2023 from RMB 188,506 in Q4 2022[26] - Amortization and impairment of intangible assets remained stable at RMB 6,619 for both Q4 2022 and Q1 2023[26] Cash and Assets - As of March 31, 2023, the company had cash and cash equivalents totaling RMB 6.3 billion (US$922.3 million)[10] - Total current assets increased to RMB 20,260,101 thousand as of March 31, 2023, up from RMB 13,785,635 thousand as of December 31, 2022[22] - Total assets rose to RMB 52,032,718 thousand as of March 31, 2023, compared to RMB 46,048,349 thousand as of December 31, 2022[22] - Total liabilities increased to RMB 41,381,153 thousand as of March 31, 2023, from RMB 39,704,910 thousand as of December 31, 2022[22] - Cash and cash equivalents decreased to RMB 4,529,267 thousand as of March 31, 2023, down from RMB 7,097,938 thousand as of December 31, 2022[22] Other Financial Metrics - Free cash flow for Q1 2023 was RMB 1,001,524 thousand, a substantial improvement from RMB 844,597 thousand in Q4 2022[24] - The weighted average number of Class A and Class B ordinary shares used in net income per share computation increased to 6,569,658,687 in Q1 2023 from 6,084,021,514 in Q4 2022[20] - The company reported a disposal loss of RMB 429,916 in Q1 2022, which was not present in Q1 2023[26] - The fair value gain/loss of long-term investments showed a gain of RMB 9,445 in Q1 2023 compared to a gain of RMB 8,001 in Q4 2022[26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number: 001-38431 iQIYI, Inc. 4/F, iQIYI Youth Center Yoolee Plaza, No. 21, North Road of Workers’ Stadium, Chaoyang District Beijing, 100027 People’s Republic of China Tel: +86 10 6267-7171 (Address of principal executive offices) Indicate by check mark whether the registrant ...