Home›Earnings›Results›iQIYI shares slide after Q2 loss and revenue miss

iQIYI shares slide after Q2 loss and revenue miss

The Chinese streaming company posted an adjusted loss per ADS of RMB0.30 versus the RMB0.09 consensus, while revenue fell about 5% year over year to RMB6.29 billion.

Thursday, August 20, 2026 · Written up by our desk · Results

iQIYI (NASDAQ: IQ) shares fell 3.0% in pre-market trading after the Chinese streaming company reported second-quarter 2026 results that missed Wall Street expectations and showed a much wider net loss. Yahoo Finance said the adjusted loss per ADS was RMB0.30, compared with the consensus estimate for a loss of RMB0.09, a negative gap of RMB0.21 versus forecasts.

Quarterly revenue also came in below expectations, at RMB6.29 billion versus the RMB6.32 billion consensus. The company reported revenue declined by about 5% compared with the same quarter a year earlier, adding to investor concerns about the pace of restoring sustainable profitability.

Profitability deteriorated further as the company reported a net loss of RMB287.5 million, more than double the net loss in the year-ago period. Higher tax expenses were cited as one factor behind the widening loss, and the report noted that analysts recorded no positive revisions to earnings-per-share expectations in the 90 days before the results, with one downward revision.

The weaker results also landed as broader markets moved lower, with the Nasdaq down 1.2% and the S&P 500 down 0.5%. Yahoo Finance added that the stock, viewed as a high-beta Chinese ADR, faced added pressure, with shares still trading well below their 52-week high of $2.84.

Latest closeS&P 500 7,785.76 ▼0.2%|Nasdaq Comp. 26,729.16 ▼0.3%

More like this

Sources