iQIYI(IQ) - 2023 Q2 - Quarterly Report

Exhibit 99.1 iQIYI Announces Second Quarter 2023 Financial Results BEIJING, CHINA, August 22, 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 second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Total revenues were RMB7.8 billion (US$1.1 billion1), increasing 17% year over year. • Operating income was RMB610.4 million (US$84.2 million) and operating income m ...