1、 iQIYI Announces Fourth Quarter and Fiscal Year 2024 Financial Results BEIJING,CHINA,February 18,2025 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 fourth quarter and fiscal yea

2、r ended December 31,2024.Fourth Quarter 2024 Highlights Total revenues were RMB6.61 billion(US$906.0 million1),decreasing 14%year over year.Operating income was RMB285.4 million(US$39.1 million)and operating income margin was 4%,compared to operating income of RMB773.7 million and operating income m

3、argin of 10%in the same period in 2023.Non-GAAP operating income2 was RMB405.9 million(US$55.6 million)and non-GAAP operating income margin was 6%,compared to non-GAAP operating income of RMB927.8 million and non-GAAP operating income margin of 12%in the same period in 2023.Net loss attributable to

4、iQIYI was RMB189.4 million(US$25.9 million),compared to net income attributable to iQIYI of RMB466.2 million in the same period in 2023.Non-GAAP net loss attributable to iQIYI2 was RMB58.8 million(US$8.1 million),compared to non-GAAP net income attributable to iQIYI of RMB682.0 million in the same p

5、eriod in 2023.Fiscal Year 2024 Highlights Total revenues were RMB29.23 billion(US$4.00 billion),decreasing 8%from 2023.Operating income was RMB1.81 billion(US$248.1 million)and operating income margin was 6%,compared to operating income of RMB2.99 billion and operating income margin of 9%in 2023.Non

6、-GAAP operating income was RMB2.36 billion(US$323.6 million)and non-GAAP operating income margin was 8%,compared to non-GAAP operating income of RMB3.64 billion and non-GAAP operating income margin of 11%in 2023.Net income attributable to iQIYI was RMB764.1 million(US$104.7 million),compared to net