iQIYI, Inc (IQ) AI Stock Analysis

iQIYI, Inc., headquartered in Beijing, China, provides online entertainment services under the iQIYI brand in the People's Republic of China. A subsidiary of Baidu Holdings Limited, the company offers internet video, online games, live broadcasting, online literature, animations, e-commerce, and a social media platform. Its video library includes licensed professional content and original self-produced titles. iQIYI generates revenue through membership services, content distribution, and online advertising. Additional operations include the iQIYI Show live broadcasting service, the iQIYI Lite personalized video platform, talent agency services, intellectual property licensing, and video community app development.

Revenue fell from $31.87B in FY2023 to $29.23B in FY2024 and $27.29B in FY2025, reflecting a 5-year revenue CAGR of -1.7% from FY2020 to FY2025. Gross margin contracted to 21.1% in FY2025 from 24.9% in FY2024, while operating margin fell to 0.8% from 6.2%. Net income dropped from $764.1M in FY2024 to -$206.3M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue fell 5.1% year-over-year, and quarterly earnings fell 72.3% year-over-year.

As of June 30, 2026, iQIYI held $4.13B in cash and short-term investments against $14.12B in total debt, resulting in net debt of $10.00B. The company recorded a current ratio of 0.45 and a debt-to-equity ratio of 1.12 with shareholders' equity of $12.66B. Free cash flow decreased to $9.7M in FY2025, down from $1.94B in FY2024, while operating cash flow reached $102.9M. FY2025 capital expenditures were $93.2M, and the 5-year share count change was 20.0%.

At $0.95 per share, iQIYI has a market cap of $917.9M and an enterprise value of $2.47B. Its forward P/E is 109.9x, compared to 14.1x for the median of its US-listed Communication Services peers. The stock trades at an EV/EBITDA of 55.6x compared to the peer median of 10.0x, and a price-to-book ratio of 0.5x. Over the past year, the shares returned -53.8%, compared to a 16.8% return for the S&P 500 (SPY), while its 5-year return was -89.0% versus 83.0% for the index.

Consensus ratings include 6 Strong Buys, 2 Buys, 10 Holds, 0 Sells, and 1 Strong Sell. The mean price target is $1.34, which is 41.3% above the October 16, 2026 closing price of $0.95. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.48 on revenue of $24.95B. For the next fiscal year, 12 analysts project EPS of $0.47 and revenue of $25.59B. The company beat EPS estimates in 2 of the last 4 quarters, and the next earnings date is November 17, 2026.

This page is an AI-written research summary of iQIYI, Inc (IQ). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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