iQIYI(IQ) - 2023 Q1 - Quarterly Report

Exhibit 99.1 iQIYI Announces First Quarter 2023 Financial Results BEIJING, CHINA, May 16, 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 first quarter ended March 31, 2023. First Quarter 2023 Highlights • Total revenues were RMB8.3 billion (US$1.2 billion1), increasing 15% year over year. • Operating income was RMB858.6 million (US$125.0 million) and operating income margi ...