| 财务摘要(百万人民币) | 2024 | 2025 | 2026E | 2027E | 2028E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 29225 | 27291 | 27975 | 28906 | 29393 | | (+/-)% | -8.3% | -6.6% | 2.5% | 3.3% | 1.7% | | 经调整经营利润 | 2362 | 639 | 957 | 1394 | 1564 | | 经调整净利润 | 1512 | 281 | 595 | 892 | 982 | | (+/-)% | -46.7% | -81.4% | 112.2% | 49.8% | 10.2% | | 经调整净利率 | 5.2% | 1.0% | 2.1% | 3.1% | 3.3% | | PE | 9.2 | 39.7 | 18.7 | 12.5 | 11.3 | | 资料来源：Wind，国泰海通证券研究 | | | | | | 风险提示：新政落地不及预期，行业竞争加剧，内容表现未及预期。 交易数据 | 52 周内股价区间(美元) | 1.50-2.8 ...

iQIYI (IQ US) iQIYI (IQ US) - 4Q25 review: 4Q25 review: total revenue recovered on improving content performance iQiyi announced 4Q25 results: total revenue grew by 3% YoY to RMB6.79bn, in line with Bloomberg consensus estimate; non-GAAP net income was RMB110mn, up from RMB59mn net loss in 4Q24 and ahead of consensus estimate of RMB68mn, thanks to the operating leverage. Looking ahead, we forecast total revenue to decline by 13% YoY and 8% QoQ to RMB6.28bn in 1Q26E, as the company has been adjusting content ...

BEIJING, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets, today announced that its visual effects brand, Mofy VFX, provided visual effects (“VFX”) production services for the 16-episode crime drama series The Devil Between Us. The series, adapted from Lei Mi’s novel Old Boy and directed by Teng Huatao, is produced by iQIY ...

BEIJING, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets, today announced that its visual effects brand, Mofy VFX, provided visual effects (“VFX”) production services for the 16-episode crime drama series Justice in the Shadows. The series, adapted from Lei Mi’s novel Old Boy and directed by Teng Huatao, is produced by iQ ...

iQIYI (NasdaqGS:IQ) Q4 2025 Earnings call February 26, 2026 06:30 AM ET Company ParticipantsChang Yu - IR DirectorLincoln Kong - Executive DirectorXianghua Yang - Senior VP of International BusinessXiaohui Wang - Chief Content OfficerYing Zeng - Interim CFOYu Gong - Founder, Director, and CEONone - TranslatorConference Call ParticipantsGigi Zhou - AnalystMaggie Ye - Research AnalystRebecca Xu - AnalystXueqing Zhang - AnalystOperatorThank you for standing by. Welcome to the iQIYI fourth quarter and fiscal ye ...

iQIYI (NasdaqGS:IQ) Q4 2025 Earnings call February 26, 2026 06:30 AM ET Company ParticipantsChang Yu - IR DirectorLincoln Kong - Executive DirectorXianghua Yang - Senior VP of International BusinessXiaohui Wang - Chief Content OfficerYing Zeng - Interim CFOYu Gong - Founder, Director, and CEONone - TranslatorConference Call ParticipantsGigi Zhou - AnalystMaggie Ye - Research AnalystRebecca Xu - AnalystOperatorThank you for standing by. Welcome to the iQIYI fourth quarter and fiscal year 2025 earnings confer ...

iQIYI (NasdaqGS:IQ) Q4 2025 Earnings call February 26, 2026 06:30 AM ET Speaker3Thank you for standing by. Welcome to the iQIYI fourth quarter and fiscal year 2025 earnings conference call. All participants are in a listen-only mode. There will be a presentation, followed by a question-and-answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Ms. Chang Yu, IR Director of the comp ...

BEIJING, China, Feb. 26, 2026 (GLOBE NEWSWIRE) -- 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 fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter 2025 Highlights Total revenues were RMB6.79 billion (US$971.6 million1), increasing 3% year over year.Operating income was RMB55.4 million (US$7.9 million) and operating income margin was 1%, compared to operating ...

Core Viewpoint - iQIYI, Inc. is notifying holders of its 6.50% Convertible Senior Notes due 2028 about their right to require the company to repurchase these notes for cash, starting from February 10, 2026, until March 12, 2026 [1][4]. Summary by Sections Repurchase Right - Holders of the Notes can require the company to repurchase all or a portion of their Notes, in multiples of US$200,000 principal amount, at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to the repurchase date of March 16, 2026 [3][4]. - As of February 9, 2026, the total outstanding principal amount of the Notes is US$208,059,000, meaning the total cash purchase price for all outstanding Notes would be approximately US$208,059,000 if all are surrendered for repurchase [3]. Procedures and Timeline - The Repurchase Right is available from 9:00 a.m. on February 10, 2026, to 5:00 p.m. on March 12, 2026. Holders must follow specific transmittal procedures outlined in the Repurchase Right Notice to exercise this right [4][6]. - Holders can withdraw any previously tendered Notes before the deadline of 5:00 p.m. on March 12, 2026 [4]. Company Overview - iQIYI, Inc. is a leading provider of online entertainment video services in China, known for combining creative talent with technology to produce a wide variety of content [9][10]. - The company utilizes advanced AI and big data analytics to enhance its technology platform and has developed a diversified monetization model that includes membership services, online advertising, content distribution, and more [10].

Core Viewpoint - iQIYI, Inc. will report its financial results for the fourth quarter and fiscal year ended December 31, 2025, on February 26, 2026, before the U.S. market opens [1]. Group 1: Financial Reporting - The earnings conference call is scheduled for 6:30 AM on February 26, 2026, U.S. Eastern Time [1]. - Participants must register in advance to receive dial-in numbers, passcode, and unique access PIN [2]. - A telephone replay of the call will be available until March 5, 2026, with specific dial-in numbers provided for access [4]. Group 2: Company Overview - iQIYI, Inc. is a leading provider of online entertainment video services in China, combining creative talent with technology for continuous innovation [5]. - The company produces, aggregates, and distributes a wide variety of professionally produced content and other video formats [5]. - iQIYI distinguishes itself through its advanced technology platform powered by AI, big data analytics, and proprietary technologies, and has developed a diversified monetization model [5].