1、 iQIYI Announces Second Quarter 2024 Financial Results BEIJING,CHINA,August 22,2024 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 second quarter ended June 30,2024.Second Quarter

2、2024 Highlights Total revenues were RMB7.4 billion(US$1.0 billion1),decreasing 5%year over year.Operating income was RMB342.1 million(US$47.1 million)and operating income margin was 5%,compared to operating income of RMB610.4 million and operating income margin of 8%in the same period in 2023.Non-GA

3、AP operating income2 was RMB501.4 million(US$69.0 million)and non-GAAP operating income margin was 7%,compared to non-GAAP operating income of RMB786.4 million and non-GAAP operating income margin of 10%in the same period in 2023.Net income attributable to iQIYI was RMB68.7 million(US$9.5 million),c

4、ompared to net income attributable to iQIYI of RMB365.2 million in the same period in 2023.Non-GAAP net income attributable to iQIYI2 was RMB246.9 million(US$34.0 million),compared to non-GAAP net income attributable to iQIYI of RMB594.7 million in the same period in 2023.“We believe the vibrant com

5、petition within the long-form video sector in the second quarter is constructive for the industry,enhancing its appeal over other entertainment formats,”commented Mr.Yu Gong,Founder,Director,and Chief Executive Officer of iQIYI.“The key to long-term success hinges on consistently delivering premium

6、content that balances artistic merits and commercial benefits,to which we remain committed.”“We have prudently managed our financial resources to optimize the financial leverage of the balance sheet,enhance the sustainability of our business,and ultimately deliver value to all stakeholders.”commente