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Operates a leading Chinese video streaming platform offering licensed and original film, TV and variety content.
Operates a leading Chinese video streaming platform offering licensed and original film, TV and variety content.
Membership subscriptions are the largest revenue line, followed by advertising and by licensing its shows to other platforms and overseas. Because viewers pay for fresh series and originals, content spending is the largest cost and the main lever on both subscriber numbers and cash use.
In one line: China's Netflix.
Moat: narrow (brand, scale, installed base). Large subscriber base and original content library versus smaller Chinese streaming rivals, though content costs are high.
Headquarters: Beijing, China · Founded: 2010 · Employees: 4,603
Size iQIYI, Inc. Sponsored ADR (IQ) is a United States Information Technology company (Internet Software/Services) with a market value of $886M, the 2323rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $0.96 on 6 Nov 2026.
Performance Over six months the shares fell 20.0%, against -3.9% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 3.1% over the last twelve months (peer median +11.2%); the operating margin is -1.6% (peer median 11.2%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.8× (4th cheapest of 20).
Capital Return on invested capital runs 7.1 points below its cost of capital (5.7% WACC).
Backlog Backlog (remaining performance obligations) was $31.6M at 31 Dec 2025, down 77% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 12.0% of the free float (15 Oct 2026).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.71B | $3.80B | $4.06B | $4.50B | $4.31B |
| Revenue growth | — | -7% | -10% | +4% | — |
| Gross profit | $666M | $800M | $1.01B | $1.24B | $992M |
| EBITDA | -$46.9M | $1.87B | $2.13B | $2.38B | $2.21B |
| Net income | -$120M | -$28.7M | $106M | $272M | -$20.2M |
| Free cash flow | n/a | $1.39M | $282M | $468M | -$36.4M |
| Capital expenditure | n/a | $17.3M | $24.0M | $14.8M | $40.1M |
| Total debt | $2.08B | $2.71B | $2.39B | $2.58B | $3.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| iQIYI, Inc. Sponsored ADR IQ | $886M | -20% | -3% | -2% | 0.6× | n/a |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 4.4× | 6.4% |
| Alibaba Group Holding Limited Sponsored ADR BABA | $255B | -22% | +8% | 4% | 1.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IQ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | +1.2% | 9th lowest of 21 |
| 6-month return | -20.0% | -3.9% | 9th lowest of 21 |
| Distance from 52-week high | -58.3% | -37.7% | 4th lowest of 21 |
| Revenue growth (TTM) | -3.1% | +11.2% | 2nd lowest of 20 |
| Operating margin | -1.6% | 11.2% | 5th lowest of 20 |
| EV / Sales | 0.6× | 1.8× | 4th cheapest of 20 |
| ROIC minus cost of capital | -7.1 pp | +9.5 pp | 5th lowest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| iQIYI, Inc. Sponsored ADR IQ | United States | $886M | -20% | -3% | -2% | 0.6× | n/a | n/a |
| TeamViewer TMV.DE | Germany | $894M | -5% | +2% | 34% | 2.2× | -11.0% | +10.4% |
| LegalZoom.com LZ | United States | $897M | -19% | +12% | 4% | 0.9× | 6.1% | +9.9% |
| Gushengtang 2273.HK | Hong Kong | $874M | +1% | +12% | 13% | 1.9× | 2.4% | +27.6% |
| Yalla Group Ltd. Sponsored ADR YALA | United States | $863M | -21% | -4% | 31% | 0.1× | n/a | n/a |
| Omada Health OMDA | United States | $924M | +2% | +48% | 0% | 2.3× | 28.7% | +42.9% |
| BuySell Technologies 7685.T | Japan | $938M | -28% | +58% | 11% | 1.2× | -1.2% | +46.8% |
| Sify Technologies Limited Sponsored ADR SIFY | United States | $941M | -20% | +11% | 8% | 1.8× | n/a | n/a |
| FuboTV FUBO | United States | $830M | -26% | n/a | n/a | n/a | n/a | n/a |
| PubMatic PUBM | United States | $811M | +82% | -1% | -5% | 2.5× | 7.8% | +13.7% |
| D-MARKET Elektronik Hizmetler ve Ticaret AS Sponsored ADR HEPS | United States | $979M | -3% | +22% | -3% | 0.4× | n/a | n/a |
| Auction Technology ATG.L | United Kingdom | $789M | +36% | +22% | 11% | 4.2× | 22.7% | +32.6% |
| Le Travenues Technology IXIGO.NS | India | $775M | -2% | +16% | 6% | 4.9× | 38.2% | +55.4% |
| EverQuote EVER | United States | $1.02B | +41% | +24% | 11% | 1.0× | -7.0% | +14.8% |
| Nextdoor NXDR | United States | $758M | -3% | +10% | -17% | 1.5× | 24.0% | +15.9% |
| Yelp YELP | United States | $1.06B | -28% | +2% | 13% | 0.7× | -18.4% | +10.9% |
| Phoenix Education Partners PXED | United States | $718M | -36% | +1% | 17% | 0.5× | n/a | n/a |
| Cars.com CARS | United States | $715M | +14% | +1% | 11% | 1.6× | 5.7% | +5.7% |
| Moonpig MOON.L | United Kingdom | $1.13B | +41% | +7% | 21% | 2.5× | 3.7% | +0.3% |
| Baltic Classifieds BCG.L | United Kingdom | $1.14B | -99% | +7% | 68% | 11.6× | 15.2% | +15.9% |
| Jumia Technologies AG Sponsored ADR JMIA | United States | $676M | -29% | +27% | -27% | 3.1× | n/a | n/a |
iQIYI, Inc. Sponsored ADR reported $31.6M of remaining performance obligations at 31 Dec 2025, down 77% from a year earlier. That is 0.0 years of trailing revenue already under contract.