iQIYI, Inc. reported unaudited financial results for the second quarter ended June 30, 2026. Total revenues decreased 5% year over year to RMB6.29 billion (US$926.6 million). The company posted a net loss attributable to iQIYI of RMB287.5 million (US$42.4 million), compared to a net loss of RMB133.7 million in the same period last year, primarily driven by a significant increase in income tax expense totaling RMB219.8 million. Non-GAAP net loss was RMB209.7 million. Operating cash flow improved to RMB339.6 million from negative RMB12.7 million previously. The company also disclosed that it had repurchased approximately 21.8 million ADSs for US$24.1 million under its share repurchase program as of June 30, 2026. iQIYI operates in the online entertainment industry, providing video streaming and content services in China.

iQIYI, Inc. announced a change in executive leadership via a press release (Exhibit 099.1). The company is an online video platform provider in the People's Republic of China.