iQiyi released unaudited financial results for the second quarter ended June 30, 2026. In the second quarter, iQiyi's total revenue was 6.29 billion yuan, an increase of 1% over the previous quarter. Among them, membership service revenue was 4.01 billion yuan, online advertising service revenue was 1.25 billion yuan, content distribution revenue was 680 million yuan, and other revenue was 340 million yuan. In the current quarter, iQiyi's operating costs were 5.25 billion yuan. As a major component of the cost, the cost of content was $3.82 billion, an increase of 1% over the previous year. Sales and management expenses and R&D expenses for the quarter were 740 million yuan and 400 million yuan respectively. In the second quarter, under non-GAAP standards, iQiyi's operating loss was about 30.3 million yuan, which is a sharp drop from 150 million yuan in the previous quarter. iQiyi's operating cash flow improved. The net cash inflow from operating activities for the quarter was 340 million yuan, and the net cash outflow for the same period in 2025 was 12.7 million yuan.

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