7Baggers

iQIYI, Inc
(NASDAQ:IQ) 

IQ stock logo

iQIYI, Inc., together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and soc...

Founded: 2010
Full Time Employees: 8,889
CEO: Gong Yu  
Sector: Communication Services
Industry: Internet Content & Information

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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
    Unit: USD2025-11-18 2025-08-20 2025-05-21 2025-02-18 2024-12-31 2024-11-21 2024-09-30 2024-08-23 2024-05-17 2024-02-29 2023-12-31 2023-11-22 2023-08-22 2023-05-16 2023-02-22 2022-12-31 2022-11-22 2022-09-30 2022-08-30 2022-05-27 2022-03-02 2021-12-31 2021-11-17 2021-08-13 2021-05-19 2021-02-18 2020-12-31 2020-11-17 2020-09-30 2020-08-14 2020-05-19 2020-02-28 2019-12-31 2019-08-21 2019-05-20 2019-02-22 2018-12-31 2018-11-28 2018-10-31 2018-08-02 2018-04-27 
                                             
      revenues:
                                             
      membership services
    4,090,126,000 4,399,010,000 4,399,010,000 4,365,955,000  4,495,310,000  4,798,861,000 4,798,861,000 5,011,617,000  4,946,567,000 5,547,305,000 5,547,305,000 4,210,722,000  4,285,071,000 12,967,268,000 4,471,475,000 4,471,475,000 4,288,215,000  3,992,956,000 4,311,804,000 4,311,804,000 3,975,514,000  4,045,968,000  4,634,347,000 4,634,347,000 3,716,861,000  3,445,343,000 3,445,343,000 2,852,329,000 1,855,447,000 7,421,788,000 2,474,474,000 2,094,985,000 2,094,985,000 
      online advertising services
    1,272,198,000 1,327,827,000 1,327,827,000 1,336,932,000  1,461,367,000  1,482,052,000 1,482,052,000 1,674,260,000  1,495,378,000 1,403,752,000 1,403,752,000 1,247,114,000  1,193,809,000 3,778,222,000 1,337,299,000 1,337,299,000 1,660,332,000  1,825,333,000 1,916,584,000 1,916,584,000 1,840,231,000  1,586,083,000  1,536,770,000 1,536,770,000 2,067,385,000  2,119,433,000 2,119,433,000 2,396,247,000 1,781,106,000 7,124,424,000 2,617,507,000 2,110,670,000 2,110,670,000 
      content distribution
    436,578,000 628,743,000 628,743,000 814,028,000  698,175,000  928,009,000 928,009,000 537,058,000  553,319,000 727,262,000 727,262,000 729,698,000  479,261,000 1,835,075,000 626,116,000 626,116,000 627,134,000  687,891,000 779,058,000 779,058,000 392,338,000  860,629,000  602,772,000 602,772,000 680,377,000  467,861,000 442,620,000 834,576,000 410,151,250 1,640,605,000 539,359,000 266,670,000 266,670,000 
      others
    829,346,000 830,889,000 830,889,000 728,766,000  783,933,000 5,811 718,433,000 718,433,000 792,144,000  807,033,000 670,488,000 670,488,000 1,283,547,000  698,408,000 2,824,124,000 842,169,000 842,169,000 1,013,423,000  1,102,094,000 960,977,000 960,977,000 979,609,000  918,897,000 7,695 875,877,000 875,877,000 932,311,000  957,282,000 982,523,000 831,106,000 443,744,250 1,774,977,000 538,891,000 404,980,000 404,980,000 
      total revenues
    6,628,248,000 7,186,469,000 7,186,469,000 7,245,681,000  7,438,785,000  7,927,355,000 7,927,355,000 8,015,079,000  7,802,297,000 8,348,807,000 8,348,807,000 7,471,081,000  6,656,549,000 21,404,689,000 7,277,059,000 7,277,059,000 7,589,104,000  7,608,274,000 7,968,423,000 7,968,423,000 7,187,692,000  7,411,577,000  7,649,766,000 7,649,766,000 7,396,934,000  6,989,919,000 6,989,919,000 6,914,258,000 4,490,448,500 17,961,794,000 6,170,231,000 4,877,305,000 4,877,305,000 
      yoy
     -3.39%  -8.60%  -7.19%  1.60% -5.05% -4.00%   25.42% -61.00% 2.67%  -12.29%  -4.35% -8.68% -4.76%   7.51%  -6.04%  0.20%  9.44% 9.44% 6.98%  -61.08% 13.28% 41.76% -7.93%     
      qoq
    -7.77% 0.00% -0.82%     0.00% -1.09%   -6.55% 0.00% 11.75%   -68.90% 194.14% 0.00% -4.11%   -4.52% 0.00% 10.86%     0.00% 3.42%   0.00% 1.09% 53.98% -75.00% 191.10% 26.51% 0.00%  
      operating costs and expenses:
                                             
      cost of revenues
    -5,292,894,000 -5,406,341,000 -5,406,341,000 -5,649,836,000  -5,678,342,000  -5,631,239,000 -5,631,239,000 -5,839,540,000  -5,773,867,000 -5,956,003,000 -5,956,003,000 -5,705,260,000  -5,247,959,000 -16,917,072,000 -5,963,853,000 -5,963,853,000 -7,027,681,000  -6,868,868,000 -7,109,394,000 -7,109,394,000 -6,363,438,000  -6,833,586,000  -7,902,864,000 -7,902,864,000 -8,175,751,000  -7,277,196,000 -7,277,196,000 -7,655,102,000 -4,652,512,500 -18,610,050,000 -6,106,729,000 -4,848,219,000 -4,848,219,000 
      selling, general and administrative
    -959,604,000 -1,025,742,000 -1,025,742,000 -907,885,000  -969,673,000  -922,035,000 -922,035,000 -981,409,000  -979,000,000 -1,105,855,000 -1,105,855,000 -980,293,000  -800,602,000 -2,525,676,000 -744,781,000 -744,781,000 -1,246,334,000  -1,184,736,000 -1,200,984,000 -1,200,984,000 -1,363,935,000  -1,195,632,000  -1,310,603,000 -1,310,603,000 -1,349,543,000  -1,140,611,000 -1,140,611,000 -1,292,037,000 2,946,159,747 -2,946,208,000 -949,934,000 -704,237,000 -704,237,000 
      research and development
    -421,918,000 -412,489,000 -412,489,000 -449,039,000  -448,677,000  -429,328,000 -429,328,000 -447,383,000  -439,038,000 -428,318,000 -428,318,000 -475,863,000  -482,201,000 -1,433,076,000 -475,012,000 -475,012,000 -683,047,000  -676,481,000 -672,256,000 -672,256,000 -669,933,000  -664,045,000  -678,135,000 -678,135,000 -703,211,000  -598,072,000 -598,072,000 -558,373,000 -346,796,000 -1,387,184,000 -441,482,000 -387,329,000 -387,329,000 
      total operating costs and expenses
    -6,674,416,000 -6,844,572,000 -6,844,572,000 -7,006,760,000  -7,096,692,000  -6,982,602,000 -6,982,602,000 -7,268,332,000  -7,191,905,000 -7,490,176,000 -7,490,176,000 -7,161,416,000  -6,530,762,000 -20,875,824,000 -7,183,646,000 -7,183,646,000 -8,957,062,000  -8,730,085,000 -8,982,634,000 -8,982,634,000 -8,397,306,000  -8,693,263,000  -9,891,602,000 -9,891,602,000 -10,228,505,000  -9,015,879,000 -9,015,879,000 -9,505,512,000 -5,735,860,500 -22,943,442,000 -7,498,145,000 -5,939,785,000 -5,939,785,000 
      operating income
    -46,168,000 341,897,000 341,897,000 238,921,000  342,093,000  944,753,000 944,753,000 746,747,000  610,392,000 858,631,000 858,631,000 309,665,000   528,865,000 93,413,000 93,413,000 -1,367,958,000  -1,121,811,000 -1,014,211,000 -1,014,211,000 -1,209,614,000  -1,281,686,000  -2,241,836,000 -2,241,836,000 -2,831,571,000  -2,025,960,000 -2,025,960,000 -2,591,254,000 -1,245,412,000 -4,981,648,000 -1,327,914,000 -1,062,480,000 -1,062,480,000 
      yoy
     -0.06%  -74.71%  -54.19%  54.78% 10.03% -13.03%    62.35% 231.50%    -108.33% -109.21% 34.88%   -20.87%  -46.04%  -54.74%  10.66% 10.66% 9.27%  -59.33% 52.57% 143.89% 17.22%     
      qoq
    -113.50% 0.00% 43.10%     0.00% 26.52%   -28.91% 0.00% 177.28%    466.16% 0.00% -106.83%   10.61% 0.00% -16.15%     0.00% -20.83%   0.00% -21.82% 108.06% -75.00% 275.15% 24.98% 0.00%  
      operating margin %
    -0.70% 4.76% 4.76% 3.30% NaN% 4.60% NaN% 11.92% 11.92% 9.32% NaN% 7.82% 10.28% 10.28% 4.14% NaN% 0% 2.47% 1.28% 1.28% -18.03% NaN% -14.74% -12.73% -12.73% -16.83% NaN% -17.29% NaN% -29.31% -29.31% -38.28% NaN% -28.98% -28.98% -37.48% -27.73% -27.73% -21.52% -21.78% -21.78% 
      other income:
                                             
      interest income
    87,779,000 78,756,000 78,756,000 69,044,000  68,688,000  58,740,000 58,740,000 45,219,000  52,196,000 104,986,000 104,986,000 18,631,000  15,707,000  8,947,000 8,947,000 35,979,000  29,231,000 28,569,000 28,569,000 34,049,000  44,425,000  56,594,000 56,594,000 116,494,000  65,097,000 65,097,000 65,603,000 -95,683,640 95,944,000 25,615,000 4,726,000 4,726,000 
      interest expenses
    -235,267,000 -233,429,000  -256,440,000  -288,162,000  -282,135,000 -282,135,000 -281,528,000  -278,521,000 -285,964,000 -285,964,000 -181,641,000  -181,907,000  -175,515,000 -175,515,000 -351,293,000  -343,124,000 -330,585,000 -330,585,000 -269,311,000  -265,656,000  -262,030,000 -262,030,000 -254,435,000  -135,247,000 -135,247,000 -15,586,000 33,447,450 -33,473,000 -9,562,000 -8,325,000 -8,325,000 
      foreign exchange gain
    100,811,000 41,889,000 41,889,000 296,030,000  -51,338,000   -31,551,000 -38,084,000   36,982,000 36,982,000 -79,768,000    -9,017,000 -9,017,000 4,462,000  35,404,000        -312,422,000 -656,105,000  328,035,000 328,035,000 -593,147,000   -777,968,000 474,155,000 474,155,000 
      share of gains from equity method investments
    -1,086,000 -3,617,000 -3,617,000 4,627,000                                      
      total other income
    -61,897,000   8,394,000  -240,436,000        -208,243,000     97,333,000 97,333,000 -330,489,000   -222,439,000      -628,507,000 -628,507,000 -826,781,000  211,126,000 211,126,000 -539,401,000   -768,279,000 666,237,000 666,237,000 
      income before income taxes
    -108,065,000 227,220,000 227,220,000 247,315,000  101,657,000  683,462,000 683,462,000 492,511,000  375,792,000 650,388,000 650,388,000 -352,375,000  -165,198,000  190,746,000 190,746,000 -1,698,447,000  -1,348,250,000 -1,236,650,000 -1,236,650,000 -1,142,592,000  -1,422,534,000  -2,870,343,000 -2,870,343,000 -3,658,352,000  -1,814,834,000 -1,814,834,000 -3,130,655,000 -1,405,772,750 -5,623,091,000 -2,096,193,000 -396,243,000 -396,243,000 
      income tax expense
    -27,155,000 -41,590,000 -41,590,000 -11,483,000  -25,741,000  -17,633,000 -17,633,000   -7,930,000 -24,632,000    -36,204,000  -16,882,000 -16,882,000   -30,418,000 -20,613,000    -15,926,000  -4,841,000 -4,841,000 -16,047,000  -7,443,000 -7,443,000     -509,000  
      net income
    -135,220,000 185,630,000 185,630,000 235,832,000  75,916,000  665,829,000 665,829,000 483,499,000  367,862,000 625,756,000 625,756,000 -394,876,000  -201,402,000  173,864,000 173,864,000 -1,707,425,000  -1,378,668,000 -1,257,263,000 -1,257,263,000 -1,161,438,000  -1,438,460,000  -2,875,184,000 -2,875,184,000 -3,674,399,000  -1,822,277,000 -1,822,277,000 -3,124,597,000 5,613,290,224 -5,622,400,000 -2,101,051,000 -396,752,000 -396,752,000 
      yoy
     144.52%  -64.58%  -84.30%  81.00% 6.40% -22.73%   -410.70%  -327.12%  -88.20%  -112.61% -113.83% 35.80%   -12.60%  -59.60%  -60.85%  57.78% 57.78% 17.60%  -67.59% -13.27% 687.54% -1514.81%     
      qoq
    -172.84% 0.00% -21.29%     0.00% 37.71%   -41.21% 0.00% -258.47%     0.00% -110.18%   9.66% 0.00% 8.25%     0.00% -21.75%   0.00% -41.68% -155.66% -199.84% 167.60% 429.56% 0.00%  
      net income margin %
    -2.04% 2.58% 2.58% 3.25% NaN% 1.02% NaN% 8.40% 8.40% 6.03% NaN% 4.71% 7.50% 7.50% -5.29% NaN% -3.03% 0% 2.39% 2.39% -22.50% NaN% -18.12% -15.78% -15.78% -16.16% NaN% -19.41% NaN% -37.59% -37.59% -49.67% NaN% -26.07% -26.07% -45.19% 125.01% -31.30% -34.05% -8.13% -8.13% 
      less: net income attributable to noncontrolling interests
    -1,512,000 3,485,000 3,485,000 6,420,000  7,231,000  10,512,000 10,512,000 7,579,000  2,655,000 7,647,000 7,647,000 693,000  12,593,000  4,771,000 4,771,000 22,135,000  18,559,000 9,747,000  12,850,000  3,357,000   -542,000 13,724,000   -8,301,000 15,836,000   -4,120,000   
      net income attributable to iqiyi, inc.
    -133,708,000 182,145,000 182,145,000 229,412,000  68,685,000 522,402 655,317,000 655,317,000 475,920,000  365,207,000 618,109,000 618,109,000 -395,569,000  -213,995,000  169,093,000 169,093,000 -1,729,560,000  -1,397,227,000 -1,267,010,000 -1,267,010,000 -1,174,288,000  -1,441,817,000  -2,874,642,000            
      net income attributable to ordinary shareholders
    -133,708,000 182,145,000 182,145,000 229,412,000  68,685,000  655,317,000 655,317,000 475,920,000  365,207,000 618,109,000 618,109,000 -395,569,000  -213,995,000  169,093,000 169,093,000 -1,734,329,000  -1,401,570,000 -1,270,204,000 -1,270,204,000 -1,176,084,000  -1,443,564,000  -2,876,359,000      -3,140,433,000     -685,056,000 
      net income per share
                                -1.07             
      basic
    -0.02 0.03 0.03 0.03  0.01  0.1 0.1 0.07  0.05 0.09 0.09 -0.07  -0.04  0.03 0.03 -0.31  -0.25 -0.23 -0.23 -0.23  -0.28  -0.56 -0.56 -0.72  -0.36     -0.43 -1.97  
      diluted
    -0.02 0.03 0.03 0.03  0.01  0.1 0.1 0.07  0.05 0.09 0.09 -0.07  -0.04  0.03 0.03 -0.31  -0.25 -0.23 -0.23 -0.23  -0.28  -0.56 -0.56 -0.72  -0.36     -0.43 -1.97  
      net income per ads
                                             
      weighted-average number of class a and class b ordinary shares used in net income per share computation:
                                             
      basic
    6,743,563,754 6,740,810,595 6,740,810,595 6,737,281,504  6,725,978,497  6,717,652,924 6,717,652,924 6,712,002,812  6,704,546,096 6,569,658,687 6,569,658,687 6,081,974,163  6,074,616,616  5,706,290,530 5,706,290,530 5,590,418,635   5,526,721,856 5,526,721,856 5,182,686,302  5,151,499,718  5,137,428,818 5,137,428,818 5,109,395,926  5,083,030,810 5,083,030,810 5,058,650,574   4,931,100,562 347,381,732  
      diluted
    6,743,563,754 6,780,303,294 6,780,303,294 6,779,359,665  6,857,915,450  6,788,073,126 6,788,073,126 6,850,839,094  6,851,986,558 6,754,965,091 6,754,965,091 6,081,974,163  6,074,616,616  5,742,801,024 5,742,801,024 5,590,418,635   5,526,721,856 5,526,721,856 5,182,686,302  5,151,499,718  5,137,428,818 5,137,428,818 5,109,395,926  5,083,030,810 5,083,030,810 5,058,650,574   4,931,100,562 347,381,732  
      other income/
                                             
      total other expense
     -114,677,000 -114,677,000     -261,291,000 -261,291,000 -254,236,000  -234,600,000 -208,243,000  -662,040,000                           
      interest expense
      -233,429,000                                       
      gain from equity method investments
         -2,100,000  13,514,000 13,514,000 1,355,000  33,789,000 -85,109,000                           -99,000  
      earnings per share—basic:
                                             
      numerator
                                             
      numerator used for basic earnings per share
          522,402                                   
      denominator
                                             
      weighted-average number of ordinary shares outstanding
          3,685,911,326                                   
      denominator used for basic earnings per share
          3,685,911,326                                   
      earnings per share—basic
          0.14                                   
      earnings per share—diluted:
                                             
      allocation of net income available to iqiyi, inc.'s ordinary shareholders
          527,560                                   
      reallocation of net income available to iqiyi, inc.'s ordinary shareholders as a result of conversion of class b to class a shares
          425,854                                   
      numerator used for diluted earnings per share
          953,414                                   
      conversion of class b to class a ordinary shares
          3,041,097,278                                   
      share-based awards
          81,478,439                                   
      denominator used for diluted earnings per share
          6,808,487,043                                   
      earnings per share—diluted
          0.14                                   
      membership services revenue earned from memberships sold to baidu group
          10,516                      1,753             
      online advertising revenues
                                             
      advertising services provided to baidu group
          792                      13,941             
      advertising services provided to others
          6,917                      8,701             
      content distribution revenues
                                             
      content licensed to others
          27,364                      20,266             
      other revenues
                                             
      loan due from pag
          10,523                                   
      license fees to baidu group
          3,865                      1,744             
      bandwidth and cloud services fee to baidu group
          62,753                                   
      advertising services provided by baidu group
          13,112                      114             
      foreign exchange loss
           -31,551,000    -114,992,000                              
      income tax benefit
             -9,012,000    -24,632,000 -42,501,000                     6,058,000 172,750 691,000 -4,858,000  -509,000 
      weighted-average number of class a and class b ordinary shares used in net loss per share computation:
                                             
      basic
    6,743,563,754 6,740,810,595 6,740,810,595 6,737,281,504  6,725,978,497  6,717,652,924 6,717,652,924 6,712,002,812  6,704,546,096 6,569,658,687 6,569,658,687 6,081,974,163  6,074,616,616  5,706,290,530 5,706,290,530 5,590,418,635   5,526,721,856 5,526,721,856 5,182,686,302  5,151,499,718  5,137,428,818 5,137,428,818 5,109,395,926  5,083,030,810 5,083,030,810 5,058,650,574   4,931,100,562 347,381,732  
      diluted
    6,743,563,754 6,780,303,294 6,780,303,294 6,779,359,665  6,857,915,450  6,788,073,126 6,788,073,126 6,850,839,094  6,851,986,558 6,754,965,091 6,754,965,091 6,081,974,163  6,074,616,616  5,742,801,024 5,742,801,024 5,590,418,635   5,526,721,856 5,526,721,856 5,182,686,302  5,151,499,718  5,137,428,818 5,137,428,818 5,109,395,926  5,083,030,810 5,083,030,810 5,058,650,574   4,931,100,562 347,381,732  
      loss from equity method investments
                 -85,109,000 -69,807,000    -3,158,000            -96,838,000 -33,213,000  -34,535,000 -34,535,000      -99,000 
      other income
                 20,862,000 -349,455,000             81,389,000    478,000  -12,224,000 -12,224,000 3,683,000 -194,023,378 193,995,000 -5,468,000 195,780,000 195,780,000 
      accretion of redeemable noncontrolling interests
                        -4,769,000  -4,343,000 -3,194,000 -3,194,000 -1,796,000  -1,747,000 -2,326,000 -1,717,000 -1,717,000           
      operating (loss)/income
                    125,787,000                         
      foreign exchange gain/(loss)
                    -98,101,000       -13,193,000  265,572,000                
      share of losses from equity method investments
                    -93,690,000   -3,158,000                      
      total other incomes
                    -290,985,000        -222,439,000                 
      total other expenses
                                        -160,360,750 -641,443,000    
      net loss attributable to iqiyi, inc.
                                -2,428,380,000  -2,874,642,000 -3,688,123,000  -1,813,976,000 -1,813,976,000 -3,140,433,000 -1,408,264,250 -5,633,057,000 -2,096,931,000 -395,693,000 -395,693,000 
      net loss attributable to ordinary shareholders
                                  -2,876,359,000 -3,688,123,000  -1,813,976,000 -1,813,976,000  -1,483,011,750 -5,932,047,000 -2,106,558,000 -685,056,000  
      net loss per class a and class b ordinary share:
                                             
      basic
                                      -360 -620 -427.5 -1,710    
      diluted
                                      -360 -620 -427.5 -1,710    
      net loss per ads
                                             
      basic
                                  -3.92 -5.04  -2.52 -2,520 -4,340 -2,992.5 -11,970 -3.01   
      diluted
                                  -3.92 -5.04  -2.52 -2,520 -4,340 -2,992.5 -11,970 -3.01   
      other comprehensive income:
                                             
      foreign currency translation adjustments
                                        34,987 1,752,566    
      unrealized losses on available-for-sale debt securities
                                             
      total other comprehensive income, net of tax
                                        -979 1,787,799    
      comprehensive loss
                                        -3,488,355 -3,834,601    
      less: comprehensive income attributable to noncontrolling interests
                                             
      comprehensive loss attributable to iqiyi, inc.
                                             
      income from equity method investments
                        -17,345,000  -64,230,000 -3,076,000 -3,076,000 -24,749,000  -62,205,000  -96,838,000      46,000   -896,000   
      other income/(expense)
                        -2,292,000                     
      income tax benefit/
                        -8,978,000                     
      rmb
                                             
      total other income/(expense)
                          -226,439,000   67,022,000                
      weighted-average number of class a and class b ordinary shares used in net income per share computation:
                                             
      foreign exchange (loss)/gain
                            -13,193,000   61,199,000  -312,422,000            
      income tax (expense)/benefit
                            -20,613,000 -18,846,000                
      less: net (loss)/income attributable to noncontrolling interests
                            9,747,000                 
      other (expense)/income
                             61,461,000                
      total other (expense)/income
                               -140,848,000              
      numerator:
                                             
      net loss attributable to iqiyi, inc.’s ordinary shareholders
                                -2,430,706,000             
      denominator:
                                             
      weighted-average number of ordinary shares outstanding, basic
                                2,280,906,536,000             
      weighted-average number of ordinary shares outstanding, diluted
                                2,280,906,536,000             
      net income per share
                                -1.07             
      membership services revenue earned from memberships sold by others
                                109             
      other services provided to baidu group
                                1,764             
      other services provided to others
                                4,421             
      loans due from others
                                184             
      bandwidth fee to baidu group
                                112,496             
      traffic acquisition and other services provided by baidu group
                                             
      cloud services provided by baidu group
                                1,087             
      other income/(loss)
                                 -13,811,000            
      less: net income/(loss) attributable to noncontrolling interests
                                 -542,000            
      other expense
                                  -13,811,000           
      accretion of redeemable convertible preferred shares
                                        298,691,010 -298,990,000 -9,627,000 -289,363,000 -289,363,000 
      net income attributable to noncontrolling interests
                                     -8,301,000        
      extinguishment and reissuance of series b preferred shares
                                             
      net earnings per ordinary share:
                                             
      basic
                                            -1.97 
      diluted
                                            -1.97 
      weighted-average number of shares used in net earnings per ordinary share computation:
                                             
      basic
    6,743,563,754 6,740,810,595 6,740,810,595 6,737,281,504  6,725,978,497  6,717,652,924 6,717,652,924 6,712,002,812  6,704,546,096 6,569,658,687 6,569,658,687 6,081,974,163  6,074,616,616  5,706,290,530 5,706,290,530 5,590,418,635   5,526,721,856 5,526,721,856 5,182,686,302  5,151,499,718  5,137,428,818 5,137,428,818 5,109,395,926  5,083,030,810 5,083,030,810 5,058,650,574   4,931,100,562 347,381,732  
      diluted
    6,743,563,754 6,780,303,294 6,780,303,294 6,779,359,665  6,857,915,450  6,788,073,126 6,788,073,126 6,850,839,094  6,851,986,558 6,754,965,091 6,754,965,091 6,081,974,163  6,074,616,616  5,742,801,024 5,742,801,024 5,590,418,635   5,526,721,856 5,526,721,856 5,182,686,302  5,151,499,718  5,137,428,818 5,137,428,818 5,109,395,926  5,083,030,810 5,083,030,810 5,058,650,574   4,931,100,562 347,381,732  
      weighted-average number of class a and class b ordinary shares used in net loss per share computation:
                                             
      foreign exchange income
                                        -224,240,000 -896,960,000    
      share of loss from equity method investments
                                        -237,250 -949,000    
      less: net income attributed to noncontrolling interests
                                        2,664,250 10,657,000    
      net loss per class a and class b ordinary shares:
                                             
      basic
                                      -360 -620 -427.5 -1,710    
      diluted
                                      -360 -620 -427.5 -1,710    
      shares used in net loss per share computation:
                                             
      basic
                                        865,742,088 3,462,968,352   347,381,732 
      diluted
                                        865,742,088 3,462,968,352   347,381,732 
      other comprehensive income
                                             
      unrealized gains on available-for-sale securities
                                        8,808.25 35,233    
      less: comprehensive income attributable to non-controlling interests
                                        2,672.5 10,690    
      net loss attributable to noncontrolling interests
                                           -1,059,000 -1,059,000 
      net earnings per share:
                                             
      basic
                                            -1.97 
      diluted
                                            -1.97 
      shares used in net earnings per share computation:
                                             
      basic
                                        865,742,088 3,462,968,352   347,381,732 
      diluted
                                        865,742,088 3,462,968,352   347,381,732 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-18 2025-09-30 2025-08-20 2025-06-30 2025-05-21 2025-03-31 2025-02-18 2024-12-31 2024-11-21 2024-09-30 2024-08-23 2024-06-30 2024-05-17 2024-03-31 2024-02-29 2023-12-31 2023-11-22 2023-09-30 2023-08-22 2023-06-30 2023-05-16 2023-03-31 2023-02-22 2022-12-31 2022-11-22 2022-09-30 2022-08-30 2022-06-30 2022-05-27 2022-03-31 2022-03-02 2021-12-31 2021-11-17 2021-09-30 2021-08-13 2021-06-30 2021-05-19 2021-03-31 2021-02-18 2020-12-31 2020-11-17 2020-09-30 2020-08-14 2020-06-30 2020-05-19 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-11-28 2018-09-30 2018-03-31 2017-12-31 2016-12-31 
                                                             
        assets
                                                             
        current assets:
                                                             
        cash and cash equivalents
      3,956,761,000 3,956,761,000 3,329,708,000 3,329,708,000 4,320,028,000 4,320,028,000 3,529,679,000 3,529,679,000 3,241,336,000 3,241,336,000 6,301,808,000 6,301,808,000 5,045,322,000 5,045,322,000 4,434,525,000 4,434,525,000 4,230,587,000 4,230,587,000 3,565,285,000 3,565,285,000 4,529,267,000 4,529,267,000 7,097,938,000 7,097,938,000 3,559,899,000 3,559,899,000 2,923,178,000 2,923,178,000 3,811,350,000 3,811,350,000 2,997,212,000 2,997,212,000 7,296,165,000 7,296,165,000 6,684,907,000 6,684,907,000 7,352,678,000 7,352,678,000 10,915,282,000 5,101,693 3,163,128,000 3,163,128,000 4,280,694,000 4,280,694,000 3,692,920,000 5,934,742,000 4,505,175,000 5,427,362,000 11,874,293,000 4,586,405,000 5,831,440,000 5,831,440,000 403,519,000 733,010,000 964,207,000 
        restricted cash
      1,853,000 1,853,000 2,062,000 2,062,000 1,899,000 1,899,000         6,120,000 6,120,000 6,120,000 6,120,000 6,120,000 6,120,000 6,120,000 6,120,000 13,618,000 13,618,000 16,355,000 16,355,000 96,206,000 96,206,000 71,426,000 71,426,000 77,652,000 77,652,000 89,667,000 89,667,000 51,174,000 51,174,000 42,597,000 42,597,000 25,230,000  655,653,000 655,653,000 999,282,000 999,282,000 988,156,000 974,932,000 2,587,948,000 2,196,656,000 2,151,245,000 2,174,042,000      
        short-term investments
      114,489,000 114,489,000 917,165,000 917,165,000 946,246,000 946,246,000 941,610,000 941,610,000 936,267,000 936,267,000 735,916,000 735,916,000 985,970,000 985,970,000 941,738,000 941,738,000 1,024,923,000 1,024,923,000 1,014,692,000 1,014,692,000 668,991,000 668,991,000 818,265,000 818,265,000 1,470,487,000 1,470,487,000 1,890,542,000 1,890,542,000 1,282,522,000 1,282,522,000 1,348,255,000 1,348,255,000 3,661,719,000 3,661,719,000 5,526,397,000 5,526,397,000 5,914,741,000 5,914,741,000 3,358,174,000 263,005 3,603,891,000 3,603,891,000 4,196,237,000 4,196,237,000 5,258,526,000 4,579,313,000 6,841,710,000 8,817,980,000 3,886,002,000 6,061,832,000 3,844,249,000 3,844,249,000 492,587,000 779,916,000 902,978,000 
        accounts receivable
      2,270,954,000 2,270,954,000 2,191,126,000 2,191,126,000 2,350,422,000 2,350,422,000 2,191,178,000 2,191,178,000 2,215,920,000 2,215,920,000 2,339,010,000 2,339,010,000 2,727,305,000 2,727,305,000 2,169,042,000 2,169,042,000 2,473,873,000 2,473,873,000 2,692,389,000 2,692,389,000 2,722,295,000 2,722,295,000 2,402,675,000 2,402,675,000 2,683,392,000 2,683,392,000 2,457,691,000 2,457,691,000 2,672,284,000 2,672,284,000 2,747,774,000 2,747,774,000 2,882,733,000 2,882,733,000 3,144,074,000 3,144,074,000 3,381,852,000 3,381,852,000 3,344,433,000  3,260,191,000 3,260,191,000 3,311,635,000 3,311,635,000 4,310,615,000  2,982,334,000 3,046,343,000 3,021,171,000 2,889,234,000 3,164,612,000 3,164,612,000 2,912,775,000   
        prepayments and other assets
      2,158,249,000 2,158,249,000 2,172,378,000 2,172,378,000 2,177,880,000 2,177,880,000 2,192,928,000 2,192,928,000 2,302,748,000 2,302,748,000 2,415,157,000 2,415,157,000 2,602,327,000 2,602,327,000 2,794,259,000 2,794,259,000 2,953,466,000 2,953,466,000 2,664,647,000 2,664,647,000 11,221,073,000 11,221,073,000 2,602,927,000 2,602,927,000 2,228,050,000 2,228,050,000 2,124,381,000 2,124,381,000 2,689,541,000 2,689,541,000 3,266,523,000 3,266,523,000 3,715,664,000 3,715,664,000 4,049,567,000 4,049,567,000 4,251,803,000 4,251,803,000 3,515,855,000 9,313 3,463,425,000 3,463,425,000 3,613,564,000 3,613,564,000 3,422,752,000  4,022,826,000 3,864,062,000 2,928,591,000 2,696,381,000 3,076,183,000 3,076,183,000 1,014,129,000   
        amounts due from related parties
      245,940,000 245,940,000 264,262,000 264,262,000 300,451,000 300,451,000 283,123,000 283,123,000 345,392,000 345,392,000 320,504,000 320,504,000 1,716,816,000 1,716,816,000 1,707,024,000 1,707,024,000 202,155,000 202,155,000 159,641,000 159,641,000 171,926,000 171,926,000 104,154,000 104,154,000 70,430,000 70,430,000 124,573,000 124,573,000 139,450,000 139,450,000 155,512,000 155,512,000 274,498,000 274,498,000 190,183,000 190,183,000 172,963,000 172,963,000 96,111,000  169,799,000 169,799,000 106,665,000 106,665,000 269,454,000  312,936,000 312,232,000 495,501,000 281,710,000 66,131,000 66,131,000 19,885,000   
        licensed copyrights
      609,697,000 609,697,000 579,132,000 579,132,000 714,988,000 714,988,000 388,718,000 388,718,000 522,495,000 522,495,000 641,490,000 641,490,000 724,610,000 724,610,000 582,521,000 582,521,000 696,997,000 696,997,000 832,020,000 832,020,000 940,429,000 940,429,000 746,058,000 746,058,000 818,171,000 818,171,000 796,182,000 796,182,000 910,096,000 910,096,000 931,189,000 931,189,000 1,096,941,000 1,096,941,000 890,326,000 890,326,000 1,031,896,000 1,031,896,000 1,035,339,000  1,247,415,000 1,247,415,000 1,183,915,000 1,183,915,000 1,432,955,000  1,323,772,000 1,176,403,000 1,261,760,000 1,163,839,000 1,051,997,000 1,051,997,000 1,201,687,000   
        total current assets
      9,357,943,000 9,357,943,000 9,455,833,000 9,455,833,000 10,811,914,000 10,811,914,000 9,527,236,000 9,527,236,000 9,564,158,000 9,564,158,000 12,753,885,000 12,753,885,000 13,802,350,000 13,802,350,000 12,635,229,000 12,635,229,000 11,588,121,000 11,588,121,000 10,934,794,000 10,934,794,000 20,260,101,000 20,260,101,000 13,785,635,000 13,785,635,000 10,846,784,000 10,846,784,000 10,412,753,000 10,412,753,000 11,576,669,000 11,576,669,000 11,524,117,000 11,524,117,000 19,017,387,000 19,017,387,000 20,536,628,000 20,536,628,000 22,148,530,000 22,148,530,000 22,290,424,000 26,040,722 15,563,502,000 15,563,502,000 17,691,992,000 17,691,992,000 19,375,378,000 20,272,838,000 22,576,701,000 24,841,038,000 25,618,563,000 19,853,443,000 17,034,612,000 17,034,612,000 6,044,582,000 5,700,528,000 5,154,305,000 
        non-current assets:
                                                             
        fixed assets
      848,211,000 848,211,000 839,284,000 839,284,000 849,073,000 849,073,000 877,982,000 877,982,000 839,945,000 839,945,000 849,994,000 849,994,000 845,380,000 845,380,000 863,813,000 863,813,000 908,418,000 908,418,000 969,319,000 969,319,000 1,035,514,000 1,035,514,000 1,104,721,000 1,104,721,000 1,180,895,000 1,180,895,000 1,261,847,000 1,261,847,000 1,335,804,000 1,335,804,000 1,344,784,000 1,344,784,000 1,315,895,000 1,315,895,000 1,353,765,000 1,353,765,000 1,360,539,000 1,360,539,000 1,393,467,000  1,463,733,000 1,463,733,000 1,660,408,000 1,660,408,000 1,663,533,000  1,843,682,000 1,811,313,000 1,746,679,000 1,618,147,000 1,475,642,000 1,475,642,000 1,318,390,000   
        long-term investments
      1,962,317,000 1,962,317,000 1,978,055,000 1,978,055,000 2,098,342,000 2,098,342,000 2,108,477,000 2,108,477,000 2,054,565,000 2,054,565,000 2,172,309,000 2,172,309,000 2,217,918,000 2,217,918,000 2,260,785,000 2,260,785,000 2,365,120,000 2,365,120,000 2,359,960,000 2,359,960,000 2,224,545,000 2,224,545,000 2,453,644,000 2,453,644,000 2,803,629,000 2,803,629,000 3,161,746,000 3,161,746,000 3,213,112,000 3,213,112,000 3,035,155,000 3,035,155,000 3,435,521,000 3,435,521,000 3,422,487,000 3,422,487,000 3,451,349,000 3,451,349,000 3,202,828,000  3,710,782,000 3,710,782,000 3,745,872,000 3,745,872,000 3,460,325,000  2,907,112,000 2,553,252,000 2,568,368,000 2,572,040,000 2,306,070,000 2,306,070,000 1,184,719,000   
        deferred tax assts
      16,652,000 16,652,000 21,197,000 21,197,000 22,227,000 22,227,000 23,536,000                                                 
        intangible assets
      235,696,000 235,696,000 252,596,000 252,596,000 271,076,000 271,076,000 289,861,000 289,861,000 310,006,000 310,006,000 321,200,000 321,200,000 333,395,000 333,395,000 309,534,000 309,534,000 390,021,000 390,021,000 391,488,000 391,488,000 413,238,000 413,238,000 436,685,000 436,685,000 459,635,000 459,635,000 478,266,000 478,266,000 479,785,000 479,785,000 545,305,000 545,305,000 563,199,000 563,199,000 594,900,000 594,900,000 607,059,000 607,059,000 627,198,000  661,683,000 661,683,000 711,855,000 711,855,000 799,731,000  1,353,493,000 1,445,553,000 1,559,022,000 1,678,193,000 1,651,881,000 1,651,881,000 357,488,000   
        produced content
      14,314,030,000 14,314,030,000 14,484,001,000 14,484,001,000 14,387,653,000 14,387,653,000 14,707,869,000 14,707,869,000 14,321,624,000 14,321,624,000 14,328,294,000 14,328,294,000 13,613,389,000 13,613,389,000 13,376,985,000 13,376,985,000 12,625,559,000 12,625,559,000 12,722,298,000 12,722,298,000 12,604,535,000 12,604,535,000 13,001,904,000 13,001,904,000 12,711,616,000 12,711,616,000 12,526,665,000 12,526,665,000 12,032,315,000 12,032,315,000 10,951,078,000 10,951,078,000 9,597,884,000 9,597,884,000 8,675,781,000 8,675,781,000 7,280,667,000 7,280,667,000 6,556,084,000  5,517,095,000 5,517,095,000 4,414,354,000 4,414,354,000 4,507,880,000  4,845,923,000 4,483,123,000 4,213,078,000 3,736,063,000 4,070,153,000 4,070,153,000 2,738,236,000   
        operating lease assets
      505,970,000 505,970,000 513,704,000 513,704,000 594,946,000 594,946,000 609,832,000 609,832,000 621,083,000 621,083,000 642,047,000 642,047,000 661,171,000 661,171,000 683,897,000 683,897,000 635,886,000 635,886,000 647,177,000 647,177,000 654,667,000 654,667,000 673,971,000 673,971,000 704,025,000 704,025,000 838,800,000 838,800,000 857,893,000 857,893,000 907,297,000 907,297,000 939,934,000 939,934,000 1,049,711,000 1,049,711,000 963,192,000 963,192,000 1,001,857,000  1,001,648,000 1,001,648,000 1,110,754,000 1,110,754,000 904,188,000  525,700,000 532,645,000        
        goodwill
      3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,820,823,000 3,826,147,000 3,826,147,000 3,826,147,000 3,826,147,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000  3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000  3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,888,346,000 3,276,107,000   
        total non-current assets
      36,429,839,000 36,429,839,000 36,908,880,000 36,908,880,000 36,307,161,000 36,307,161,000 36,233,289,000 36,233,289,000 35,265,882,000 35,265,882,000 34,894,401,000 34,894,401,000 32,497,461,000 32,497,461,000 31,959,145,000 31,959,145,000 32,517,425,000 32,517,425,000 32,154,124,000 32,154,124,000 31,772,617,000 31,772,617,000 32,262,714,000 32,262,714,000 32,045,737,000 32,045,737,000 32,177,156,000 32,177,156,000 32,010,122,000 32,010,122,000 30,948,048,000 30,948,048,000 30,279,403,000 30,279,403,000 28,379,516,000 28,379,516,000 26,839,142,000 26,839,142,000 25,895,005,000  25,324,706,000 25,324,706,000 24,585,456,000 24,585,456,000 24,165,760,000  25,733,108,000 25,403,064,000 25,543,065,000 24,906,255,000 24,182,168,000 24,182,168,000 16,885,008,000   
        total assets
      45,787,782,000 45,787,782,000 46,364,713,000 46,364,713,000 47,119,075,000 47,119,075,000 45,760,525,000 45,760,525,000 44,830,040,000 44,830,040,000 47,648,286,000 47,648,286,000 46,299,811,000 46,299,811,000 44,594,374,000 44,594,374,000 44,105,546,000 44,105,546,000 43,088,918,000 43,088,918,000 52,032,718,000 52,032,718,000 46,048,349,000 46,048,349,000 42,892,521,000 42,892,521,000 42,589,909,000 42,589,909,000 43,586,791,000 43,586,791,000 42,472,165,000 42,472,165,000 49,296,790,000 49,296,790,000 48,916,144,000 48,916,144,000 48,987,672,000 48,987,672,000 48,185,429,000 26,040,722 40,888,208,000 40,888,208,000 42,277,448,000 42,277,448,000 43,541,138,000 44,792,550,000 48,309,809,000 50,244,102,000 51,161,628,000 44,759,698,000 41,216,780,000 41,216,780,000 22,929,590,000 20,200,899,000 13,631,636,000 
        liabilities and shareholders’ equity
                                                             
        current liabilities:
                                                             
        accounts and notes payable
      6,746,259,000 6,746,259,000 6,956,061,000 6,956,061,000 6,479,916,000 6,479,916,000 6,482,209,000 6,482,209,000 6,486,111,000 6,486,111,000 5,969,657,000 5,969,657,000 5,897,266,000 5,897,266,000 5,671,074,000 5,671,074,000 5,935,958,000 5,935,958,000 5,740,030,000 5,740,030,000 5,721,544,000 5,721,544,000 5,993,416,000 5,993,416,000 6,882,120,000 6,882,120,000 6,311,095,000 6,311,095,000 7,022,179,000 7,022,179,000 8,896,460,000 8,896,460,000 9,128,010,000 9,128,010,000 8,227,836,000 8,227,836,000 7,508,778,000 7,508,778,000 7,561,532,000  7,455,954,000 7,455,954,000 7,691,757,000 7,691,757,000 8,328,921,000  10,089,850,000 9,583,950,000 10,351,228,000       
        amounts due to related parties
      3,429,916,000 3,429,916,000 3,361,596,000 3,361,596,000 3,287,141,000 3,287,141,000 3,239,036,000 3,239,036,000 3,267,320,000 3,267,320,000 3,168,323,000 3,168,323,000 2,839,277,000 2,839,277,000 2,953,658,000 2,953,658,000 3,087,489,000 3,087,489,000 2,872,843,000 2,872,843,000 2,949,896,000 2,949,896,000 3,521,646,000 3,521,646,000 3,319,678,000 3,319,678,000 3,221,675,000 3,221,675,000 3,167,108,000 3,167,108,000 2,634,089,000 2,634,089,000 2,418,734,000 2,418,734,000 2,308,768,000 2,308,768,000 1,897,476,000 1,897,476,000 1,778,783,000  1,828,085,000 1,828,085,000 1,628,514,000 1,628,514,000 1,906,111,000  1,234,081,000 1,204,727,000 940,117,000 692,390,000 492,543,000 492,543,000 180,491,000   
        customer advances and deferred revenue
      4,107,725,000 4,107,725,000 4,457,113,000 4,457,113,000 4,606,845,000 4,606,845,000 4,403,686,000 4,403,686,000 4,320,866,000 4,320,866,000 4,541,220,000 4,541,220,000 4,650,902,000 4,650,902,000 4,373,208,000 4,373,208,000 4,505,676,000 4,505,676,000 4,636,969,000 4,636,969,000 4,727,981,000 4,727,981,000 4,232,110,000 4,232,110,000 3,968,708,000 3,968,708,000 3,662,925,000 3,662,925,000 3,836,864,000 3,836,864,000 3,484,509,000 3,484,509,000 3,209,078,000 3,209,078,000 3,248,965,000 3,248,965,000 3,395,569,000 3,395,569,000 3,444,917,000  3,064,785,000 3,064,785,000 3,131,602,000 3,131,602,000 3,309,262,000  2,354,884,000 2,295,522,000 1,960,719,000 2,195,283,000 2,356,275,000 2,356,275,000 1,795,911,000   
        convertible senior notes, current portion
      1,477,291,000 1,477,291,000 1,483,936,000 1,483,936,000 2,132,771,000 2,132,771,000 242,460,000 242,460,000 16,668,000 16,668,000 2,892,033,000 2,892,033,000 2,854,578,000 2,854,578,000 2,802,442,000 2,802,442,000 3,114,492,000 3,114,492,000 23,263,000 23,263,000 8,264,709,000 8,264,709,000 8,305,447,000 8,305,447,000 8,520,577,000 8,520,577,000 8,012,749,000 8,012,749,000     4,807,593,000 4,807,593,000 4,777,143,000 4,777,143,000 4,807,909,000 4,807,909,000 4,752,061,000                 
        short-term loans
      2,232,484,000 2,232,484,000 2,757,119,000 2,757,119,000 3,440,487,000 3,440,487,000 3,786,901,000 3,786,901,000 4,347,147,000 4,347,147,000 4,262,684,000 4,262,684,000 3,520,199,000 3,520,199,000 3,571,637,000 3,571,637,000 3,360,681,000 3,360,681,000 2,992,101,000 2,992,101,000 3,262,497,000 3,262,497,000 3,347,638,000 3,347,638,000 3,938,938,000 3,938,938,000 4,064,196,000 4,064,196,000 4,391,464,000 4,391,464,000 4,117,774,000 4,117,774,000 3,990,459,000 3,990,459,000 3,008,224,000 3,008,224,000 2,201,033,000 2,201,033,000 2,965,957,000  3,804,396,000 3,804,396,000 3,614,023,000 3,614,023,000 2,572,484,000  3,509,915,000 4,017,485,000 3,586,155,000 3,046,449,000 1,172,553,000 1,172,553,000 396,748,000   
        long-term loans, current portion
      620,591,000 620,591,000 717,991,000 717,991,000 560,412,000 560,412,000 167,987,000 167,987,000 36,800,000 36,800,000 29,000,000 29,000,000 23,000,000 23,000,000                   656,861,000 656,861,000 915,501,000 915,501,000 908,414,000 908,414,000 909,034,000  733,365,000 733,365,000 466,521,000 466,521,000 745,800,000  363,480,000 353,386,000 79,066,000 83,720,000  10,000,000 10,000,000   
        operating lease liabilities, current portion
      83,355,000 83,355,000 81,728,000 81,728,000 96,116,000 96,116,000 96,675,000 96,675,000 93,432,000 93,432,000 97,326,000 97,326,000 97,214,000 97,214,000 100,883,000 100,883,000 95,544,000 95,544,000 100,081,000 100,081,000 99,808,000 99,808,000 103,517,000 103,517,000 110,697,000 110,697,000 181,984,000 181,984,000 199,963,000 199,963,000 171,541,000 171,541,000 179,077,000 179,077,000 209,015,000 209,015,000 207,517,000 207,517,000 201,307,000  197,673,000 197,673,000 183,508,000 183,508,000 175,410,000  116,826,000 137,926,000        
        accrued expenses and other liabilities
      2,589,050,000 2,589,050,000 2,725,586,000 2,725,586,000 3,042,689,000 3,042,689,000 3,058,379,000  2,883,646,000  3,057,163,000 3,057,163,000 3,111,662,000 3,111,662,000 2,868,632,000  2,496,508,000 2,496,508,000 2,372,579,000 2,372,579,000 2,650,143,000 2,650,143,000 2,626,244,000  2,408,709,000  2,702,534,000 2,702,534,000 2,862,298,000 2,862,298,000 3,172,097,000  3,557,070,000 3,557,070,000 3,531,999,000 3,531,999,000 4,239,695,000 4,239,695,000 3,240,987,000 89,905 3,419,198,000  3,750,768,000 3,750,768,000 3,839,707,000  3,846,605,000 3,850,910,000 3,763,934,000 3,632,148,000 3,490,059,000 3,490,059,000 2,341,576,000   
        total current liabilities
      21,286,671,000 21,286,671,000 22,541,130,000 22,541,130,000 23,646,377,000 23,646,377,000 21,477,333,000 21,477,333,000 21,451,990,000 21,451,990,000 24,017,406,000 24,017,406,000 22,994,098,000 22,994,098,000 22,341,534,000 22,341,534,000 22,596,348,000 22,596,348,000 18,737,866,000 18,737,866,000 27,676,578,000 27,676,578,000 28,130,018,000 28,130,018,000 29,149,427,000 29,149,427,000 28,157,158,000 28,157,158,000 21,479,876,000 21,479,876,000 22,476,470,000 22,476,470,000   26,227,451,000 26,227,451,000 25,166,391,000 25,166,391,000 24,854,578,000 4,841,966 20,503,456,000 20,503,456,000 20,466,693,000 20,466,693,000 20,877,695,000 20,173,166,000 21,515,641,000 21,443,906,000 20,681,219,000 19,812,356,000 17,944,322,000 17,944,322,000 13,450,546,000 11,625,612,000 11,889,853,000 
        non-current liabilities:
                                                             
        long-term loans
      3,223,894,000 3,223,894,000 2,300,177,000 2,300,177,000 1,581,902,000 1,581,902,000 1,036,835,000 1,036,835,000 496,951,000 496,951,000 379,830,000 379,830,000 326,830,000 326,830,000 97,990,000 97,990,000                         628,286,000  886,926,000 886,926,000 879,790,000  672,352,000 384,462,000 651,276,000 644,169,000  274,000,000 279,000,000   
        convertible senior notes
      6,754,934,000 6,754,934,000 6,739,446,000 6,739,446,000 6,774,762,000 6,774,762,000 8,350,570,000 8,350,570,000 8,187,011,000 8,187,011,000 8,407,516,000 8,407,516,000 8,357,217,000 8,357,217,000 8,143,994,000 8,143,994,000 8,349,132,000 8,349,132,000 11,446,838,000 11,446,838,000 11,668,397,000 11,668,397,000 9,568,279,000 9,568,279,000 6,369,982,000 6,369,982,000 5,990,335,000 5,990,335,000 13,239,128,000 13,239,128,000 12,652,172,000 12,652,172,000   12,591,930,000 12,591,930,000 12,670,189,000 12,670,189,000 11,926,715,000 4,752,061 12,307,243,000  12,693,748,000 12,693,748,000 12,611,230,000  12,517,935,000 11,918,836,000 11,553,301,000 4,712,284,000      
        operating lease liabilities
      349,651,000 349,651,000 363,730,000 363,730,000 439,901,000 439,901,000 461,974,000 461,974,000 464,837,000 464,837,000 489,232,000 489,232,000 499,599,000 499,599,000 523,747,000 523,747,000 474,763,000 474,763,000 489,826,000 489,826,000 488,470,000 488,470,000 508,571,000 508,571,000 527,584,000 527,584,000 561,214,000 561,214,000 564,702,000 564,702,000 625,737,000 625,737,000   700,555,000 700,555,000 709,086,000 709,086,000 767,676,000  757,882,000  725,501,000 725,501,000 515,838,000  218,653,000 209,745,000        
        other non-current liabilities
      795,662,000 795,662,000 860,803,000 860,803,000 985,071,000 985,071,000 1,000,823,000 1,000,823,000 886,346,000 886,346,000 1,257,374,000 1,257,374,000 1,276,089,000 1,276,089,000 1,220,804,000 1,220,804,000 1,252,833,000 1,252,833,000 1,581,179,000 1,581,179,000 1,451,575,000 1,451,575,000 1,395,269,000 1,395,269,000 1,286,875,000 1,286,875,000 1,401,226,000 1,401,226,000 1,280,639,000 1,280,639,000 260,931,000 260,931,000   196,525,000 196,525,000 199,621,000 199,621,000 210,167,000 15,383 207,071,000  223,813,000 223,813,000 237,997,000  52,868,000 56,022,000 291,001,000 57,551,000 66,929,000 66,929,000 18,527,000   
        total non-current liabilities
      11,167,898,000 11,167,898,000 10,313,213,000 10,313,213,000 9,835,278,000 9,835,278,000 10,909,428,000 10,909,428,000 10,099,390,000 10,099,390,000 10,604,225,000 10,604,225,000 10,535,864,000 10,535,864,000 10,067,925,000 10,067,925,000 10,163,295,000 10,163,295,000 13,609,765,000 13,609,765,000 13,704,575,000 13,704,575,000 11,574,892,000 11,574,892,000 8,292,179,000 8,292,179,000 8,067,638,000 8,067,638,000 15,205,799,000 15,205,799,000 14,322,582,000 14,322,582,000   14,354,329,000 14,354,329,000 14,528,111,000 14,528,111,000 13,886,553,000 11,942,098 14,907,839,000  15,550,776,000 15,550,776,000 15,288,913,000  14,604,655,000 13,781,941,000 13,839,612,000 6,791,779,000 1,774,685,000 1,774,685,000 948,620,000   
        total liabilities
      32,454,569,000 32,454,569,000 32,854,343,000 32,854,343,000 33,481,655,000 33,481,655,000 32,386,761,000 32,386,761,000 31,551,380,000 31,551,380,000 34,621,631,000 34,621,631,000 33,529,962,000 33,529,962,000 32,409,459,000 32,409,459,000 32,759,643,000 32,759,643,000 32,347,631,000 32,347,631,000 41,381,153,000 41,381,153,000 39,704,910,000 39,704,910,000 37,441,606,000 37,441,606,000 36,224,796,000 36,224,796,000 36,685,675,000 36,685,675,000 36,799,052,000 36,799,052,000   40,581,780,000 40,581,780,000 39,694,502,000 39,694,502,000 38,741,131,000 16,784,064 35,411,295,000  36,017,469,000 36,017,469,000 36,166,608,000 35,077,618,000 36,120,296,000 35,225,847,000 34,520,831,000 26,604,135,000 19,719,007,000 19,719,007,000 14,399,166,000 11,918,299,000 11,897,142,000 
        shareholders’ equity:
                                                             
        class a ordinary shares
      239,000 239,000 238,000 238,000 238,000 238,000 238,000  238,000  238,000 238,000 237,000 237,000 237,000  236,000 236,000 236,000 236,000 236,000 236,000 194,000  193,000  193,000 193,000 193,000 193,000 173,000    172,000 172,000 171,000 171,000 165,000 165 146,000  145,000 145,000 143,000    140,000 138,000 137,000     
        class b ordinary shares
      193,000 193,000 193,000 193,000 193,000 193,000 193,000  193,000  193,000 193,000 193,000 193,000 193,000  193,000 193,000 193,000 193,000 193,000 193,000 193,000  193,000  193,000 193,000 193,000 193,000 183,000    183,000 183,000 183,000 183,000 183,000 183 183,000  183,000 183,000 183,000    183,000 183,000 183,000     
        additional paid-in capital
      55,941,000,000 55,941,000,000 55,842,259,000 55,842,259,000 55,738,946,000 55,738,946,000 55,623,841,000  55,439,943,000  55,311,753,000 55,311,753,000 55,122,923,000 55,122,923,000 54,971,469,000  54,811,647,000 54,811,647,000 54,663,377,000 54,663,377,000 54,473,865,000 54,473,865,000 50,885,688,000  50,676,861,000  50,474,523,000 50,474,523,000 50,243,684,000 50,243,684,000 49,642,014,000    49,077,376,000 49,077,376,000 48,739,428,000 48,739,428,000 47,687,483,000 47,687,483 42,464,474,000  42,057,844,000 42,057,844,000 41,620,013,000  40,877,665,000 40,696,243,000 40,401,567,000 39,666,150,000 39,517,690,000 39,517,690,000 769,151,000   
        accumulated deficit
      -44,009,864,000 -44,009,864,000 -43,760,932,000 -43,760,932,000 -43,627,224,000 -43,627,224,000 -43,809,369,000  -43,620,014,000  -43,849,426,000 -43,849,426,000 -43,918,111,000 -43,918,111,000 -44,573,428,000  -45,039,661,000 -45,039,661,000 -45,515,581,000 -45,515,581,000 -45,880,788,000 -45,880,788,000 -46,498,897,000  -46,803,156,000  -46,407,587,000 -46,407,587,000 -46,193,592,000 -46,193,592,000 -47,163,773,000    -43,645,627,000 -43,645,627,000 -42,244,057,000 -42,244,057,000 -40,973,853,000 -40,973,853 -39,424,412,000  -38,248,328,000 -38,248,328,000 -36,729,492,000  -31,339,030,000 -27,650,907,000 -25,323,462,000 -23,509,486,000  -19,981,862,000 -14,851,247,000   
        accumulated other comprehensive income
      1,407,954,000 1,407,954,000 1,438,027,000 1,438,027,000 1,532,754,000 1,532,754,000 1,550,523,000  1,388,992,000  1,500,355,000 1,500,355,000 1,508,392,000 1,508,392,000 1,688,047,000  1,483,659,000 1,483,659,000 1,510,843,000 1,510,843,000 1,975,578,000 1,975,578,000 1,863,454,000  1,482,263,000  2,205,203,000 2,205,203,000 2,782,550,000 2,782,550,000 2,709,002,000    2,590,176,000 2,590,176,000 2,501,406,000 2,501,406,000 2,542,680,000 2,542,680 2,274,276,000  2,300,941,000 2,300,941,000 2,341,740,000  2,491,981,000 1,837,517,000 1,452,078,000 1,879,946,000  1,880,892,000 -281,292,000   
        non-controlling interests
      -6,309,000 -6,309,000 -9,415,000 -9,415,000 -7,487,000 -7,487,000 8,338,000  69,308,000  63,542,000 63,542,000 56,215,000 56,215,000 98,397,000  89,829,000 89,829,000 82,219,000 82,219,000       92,588,000 92,588,000 68,088,000 68,088,000 88,129,000    81,998,000 81,998,000 70,296,000 70,296,000 79,011,000  55,444,000  44,188,000 44,188,000 38,684,000  158,573,000 135,079,000 110,291,000 118,632,000  80,733,000 2,761,000   
        total shareholders’ equity
      13,333,213,000 13,333,213,000 13,510,370,000 13,510,370,000 13,637,420,000 13,637,420,000 13,373,764,000  13,278,660,000  13,026,655,000 13,026,655,000 12,769,849,000 12,769,849,000 12,184,915,000  11,345,903,000 11,345,903,000 10,741,287,000 10,741,287,000 10,651,565,000 10,651,565,000 6,343,439,000  5,450,915,000  6,365,113,000 6,365,113,000 6,901,116,000 6,901,116,000 5,275,728,000    8,104,278,000 8,104,278,000 9,067,427,000 9,067,427,000 9,335,669,000 9,256,658 5,370,111,000  6,154,973,000 6,154,973,000 7,271,271,000 9,613,390,000 12,189,513,000 15,018,255,000        
        total liabilities and shareholders’ equity
      45,787,782,000 45,787,782,000 46,364,713,000 46,364,713,000 47,119,075,000 47,119,075,000 45,760,525,000  44,830,040,000  47,648,286,000 47,648,286,000 46,299,811,000 46,299,811,000 44,594,374,000  44,105,546,000 44,105,546,000 43,088,918,000 43,088,918,000                    26,040,722       48,309,809,000 50,244,102,000        
        deferred tax liabilities
              34,000 34,000 297,000 297,000 560,000 560,000 824,000 824,000 1,048,000 1,048,000 1,273,000 1,273,000 811,000 811,000 1,832,000 1,832,000 2,682,000 2,682,000 2,452,000 2,452,000 598,000 598,000 3,127,000 3,127,000   12,531,000 12,531,000 2,922,000 2,922,000 4,588,000  13,749,000  527,000 527,000 16,581,000  51,759,000 69,964,000 83,530,000 96,405,000 117,225,000 117,225,000 1,093,000   
        deferred tax assets
             23,536,000                   30,697,000 30,697,000 31,344,000 31,344,000 31,351,000 31,351,000 84,917,000 84,917,000 80,368,000 80,368,000 51,347,000 51,347,000 51,347,000  66,673,000 66,673,000 62,748,000 62,748,000 34,916,000  23,873,000 23,873,000 23,873,000 23,873,000 11,380,000 11,380,000 11,380,000   
        current liabilities
                                                             
        accrued expenses
             1,899,083,000  1,858,403,000      1,910,191,000        1,839,671,000  1,671,799,000      2,280,322,000          2,162,980,000              
        other liabilities
             1,159,296,000  1,025,243,000      958,441,000        786,573,000  736,910,000      891,775,000          1,256,218,000              
        non-current liabilities
                                                             
        commitments and contingencies
                                                             
        liabilities, redeemable noncontrolling interests and shareholders’ equity
                                                             
        noncontrolling interests
                          82,481,000 82,481,000 92,807,000  94,561,000                               
        total liabilities, redeemable noncontrolling interests and shareholders’ equity
                          52,032,718,000 52,032,718,000 46,048,349,000  42,892,521,000  42,589,909,000 42,589,909,000 43,586,791,000 43,586,791,000 42,472,165,000        48,185,429,000  40,888,208,000  42,277,448,000 42,277,448,000 43,541,138,000           
        redeemable noncontrolling interests
                                    397,385,000    230,086,000 230,086,000 225,743,000 225,743,000 108,629,000                 
        liabilities, mezzanine equity and shareholders’ equity
                                                             
        total liabilities, redeemable noncontrolling interests and shareholders' equity
                                        48,916,144,000 48,916,144,000 48,987,672,000 48,987,672,000                  
        amounts due from entities within the group
                                             20,666,711                
        redeemable noncontrolling interests:
                                              106,802,000  105,006,000 105,006,000 103,259,000           
        liabilities, mezzanine equity and shareholders’ deficit
                                                             
        selected consolidated balance sheet data:
                                                             
        total mezzanine equity
                                                   101,542,000        22,601,664,000 17,039,167,000 
        ordinary shares
                                                    324,000 323,000    320,000 24,000   
        total iqiyi, inc. shareholders’ equity
                                                      16,640,797,000       
        total liabilities, mezzanine equity and shareholders’ equity
                                                      51,161,628,000       
        accounts payable
                                                       10,162,366,000 10,422,892,000 10,422,892,000 8,725,820,000   
        mezzanine equity:
                                                          22,891,027,000   
        redeemable convertible preferred shares
                                                             
        shareholders’ (deficit)/equity:
                                                             
        total iqiyi, inc. shareholders’ (deficit)/equity
                                                       18,155,563,000  21,497,773,000    
        total liabilities, mezzanine equity and shareholders’ (deficit)/equity
                                                       44,759,698,000  41,216,780,000    
        long-term loan, current portion
                                                        10,000,000     
        long-term loan
                                                        274,000,000     
        amount due to related parties
                                                        1,316,531,000     
        mezzanine equity
                                                             
        shareholders’ deficit:
                                                             
        total iqiyi, inc. shareholders’ deficit
                                                          -14,360,603,000   
        total liabilities, mezzanine equity and shareholders’ deficit
                                                          22,929,590,000   
        total shareholders’ (deficit)/equity
                                                           -14,319,064,000 -15,304,673,000 
                                                             
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-11-18 2025-09-30 2025-08-20 2025-06-30 2025-05-21 2025-03-31 2024-11-21 2024-08-23 2024-06-30 2024-05-17 2024-03-31 2023-11-22 2023-09-30 2023-08-22 2023-06-30 2023-05-16 2023-03-31 2022-12-31 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-11-17 2020-08-14 2020-06-30 2018-12-31 
                                   
          net cash from operating activities
        -12,731,000  338,950,000  338,950,000 338,950,000 410,752,000 937,773,000 937,773,000 937,773,000 937,773,000 885,560,000 885,560,000 1,001,765,000 1,001,765,000 1,001,765,000  853,397,000  -1,167,049,000 -1,425,910,000 -1,350,028,000 -1,350,028,000 -1,358,278,000 -604,269,000 -604,269,000 -2,356,104,678 
          capital expenditures
            
          free cash flows
        -12,731,000  338,950,000  338,950,000 338,950,000 410,752,000 937,773,000 937,773,000 937,773,000 937,773,000 885,560,000 885,560,000 1,001,765,000 1,001,765,000 1,001,765,000  853,397,000  -1,167,049,000 -1,425,910,000 -1,350,028,000 -1,350,028,000 -1,358,278,000 -604,269,000 -604,269,000 -2,356,104,678 
          net cash from investing activities
        -114,005,000  -30,136,000  -30,136,000 -30,136,000 336,256,000 -222,755,000  -222,755,000  -420,481,000  166,845,000  166,845,000  578,899,000   58,140,000   1,144,401,000 -1,609,423,000 -1,609,423,000 14,519,624,260 
          net cash from financing activities
        -465,256,000  860,477,000  860,477,000 860,477,000 865,894,000 261,136,000  261,136,000  -1,175,147,000  -3,356,630,000 -3,356,630,000   2,861,582,000   801,074,000 610,991,000  822,793,000 -79,473,000 -79,473,000 -16,532,022,299 
          effect of exchange rate changes on cash, cash equivalents and restricted cash
        -27,881,000 -27,881,000 -1,232,000 -1,232,000 -1,232,000 -1,232,000 23,113,000 14,606,000 14,606,000 14,606,000 14,606,000 127,759,000 127,759,000 -8,862,000 -8,862,000 -8,862,000 -8,862,000 -8,576,000 -4,284,000 -4,284,000 -92,498,000 -28,225,000 -28,225,000 -10,016,000 64,567,000 64,567,000  
          net increase in cash, cash equivalents and restricted cash
        -619,873,000  1,168,059,000  1,168,059,000  1,636,015,000 990,760,000  990,760,000  -582,309,000    -2,196,882,000  4,285,302,000      598,900,000 -2,228,598,000 -2,228,598,000  
          cash, cash equivalents and restricted cash at the beginning of the period
        4,758,390,000 4,758,390,000 3,590,331,000 3,590,331,000 3,590,331,000 3,590,331,000 6,271,368,000 5,280,608,000 5,280,608,000 5,280,608,000 5,280,608,000 5,664,674,000 5,664,674,000 7,861,556,000 7,861,556,000 7,861,556,000 7,861,556,000           
          cash, cash equivalents and restricted cash at the end of the period
        4,138,517,000 4,138,517,000 4,758,390,000 4,758,390,000 4,758,390,000 4,758,390,000 7,907,383,000 6,271,368,000 6,271,368,000 6,271,368,000 6,271,368,000 5,082,365,000 5,082,365,000 5,664,674,000 5,664,674,000 5,664,674,000 5,664,674,000           
          reconciliation of cash and cash equivalents and restricted cash:
                                   
          cash and cash equivalents
        3,329,708,000 3,329,708,000 4,320,028,000 4,320,028,000 4,320,028,000 4,320,028,000 6,301,808,000 5,045,322,000 5,045,322,000 5,045,322,000 5,045,322,000 3,565,285,000 3,565,285,000 4,529,267,000 4,529,267,000 4,529,267,000 4,529,267,000 3,538,039,000      3,163,128,000 4,280,694,000   
          restricted cash
        2,062,000 2,062,000 1,899,000 1,899,000 1,899,000 1,899,000      6,120,000 6,120,000 6,120,000 6,120,000 6,120,000 6,120,000 -2,737,000      655,653,000 999,282,000   
          long-term restricted cash
        806,747,000 806,747,000 436,463,000 436,463,000 436,463,000 436,463,000 1,605,575,000 1,226,046,000 1,226,046,000 1,226,046,000 1,226,046,000 1,510,960,000 1,510,960,000 1,129,287,000 1,129,287,000 1,129,287,000 1,129,287,000           
          total cash and cash equivalents and restricted cash shown in the statements of cash flows
        4,138,517,000 4,138,517,000 4,758,390,000 4,758,390,000 4,758,390,000 4,758,390,000 7,907,383,000 6,271,368,000 6,271,368,000 6,271,368,000 6,271,368,000 5,082,365,000 5,082,365,000 5,664,674,000 5,664,674,000 5,664,674,000 5,664,674,000 4,285,302,000          
          less: capital expenditures
        -21,410,000 -21,410,000 -31,252,000 -31,252,000 -31,252,000 -31,252,000 -28,299,000 -22,429,000 -22,429,000 -22,429,000 -22,429,000 -13,307,000 -13,307,000 -241,000 -241,000 -241,000 -241,000  -51,315,000 -51,315,000 -60,728,000 -60,550,000 -60,550,000 -57,465,000 -66,824,000 -66,824,000  
          free cash flow
        -34,141,000 -34,141,000 307,698,000 307,698,000 307,698,000 307,698,000 382,453,000 915,344,000 915,344,000 915,344,000 915,344,000 872,253,000 872,253,000 1,001,524,000 1,001,524,000 1,001,524,000 1,001,524,000  -1,218,364,000 -1,218,364,000 -1,486,638,000 -1,410,578,000 -1,410,578,000 -1,415,743,000 -671,093,000 -671,093,000  
          net cash provided by/(used for) operating activities
         -12,731,000  338,950,000                        
          net cash provided by/
         -114,005,000  -30,136,000       -222,755,000  -420,481,000               
          net cash provided by/(used for) financing activities
         -465,256,000  860,477,000               2,046,550,000 2,046,550,000        
          net increase/(decrease) in cash, cash equivalents and restricted cash
         -619,873,000  1,168,059,000  1,168,059,000           -2,196,882,000     -3,545,237,000      
          net decrease in cash, cash equivalents and restricted cash
                     -2,196,882,000 -2,196,882,000             
          cash flows from operating activities:
                                   
          net income
                                   
          adjustments to reconcile net income to net cash from operating activities
                                   
          depreciation of fixed assets
                         79,172,000          
          amortization of intangible assets
                                   
          amortization of licensed copyrights
                                   
          amortization and impairment of produced content
                         1,370,360,000          
          provision/(reversal) of credit losses
                                   
          unrealized foreign exchange loss
                         -68,959,000          
          gain on disposal of fixed assets
                         -9,443,000          
          loss on disposal of subsidiaries or business
                                   
          accretion on convertible senior notes and others
                                   
          barter transaction revenue
                         -273,632,000          
          share-based compensation
                         188,506,000          
          share of losses from equity method investments
                         46,754,000          
          fair value change and impairment of long-term investments
                         279,874,000          
          deferred income tax expense
                                   
          other non-cash expense
                                   
          changes in operating assets and liabilities
                                   
          accounts receivable
                         314,065,000      3,260,191,000 3,311,635,000   
          amounts due from related parties
                         19,534,000      169,799,000 106,665,000   
          licensed copyrights
                         -1,318,690,000      1,247,415,000 1,183,915,000   
          produced content
                         -1,655,656,000      5,517,095,000 4,414,354,000   
          prepayments and other assets
                         -511,255,000      3,463,425,000 3,613,564,000   
          accounts payable
                         -680,193,000          
          amounts due to related parties
                         187,853,000      1,828,085,000 1,628,514,000   
          customer advances and deferred revenue
                         263,402,000      3,064,785,000 3,131,602,000   
          accrued expenses and other liabilities
                         136,411,000      3,419,198,000 3,750,768,000   
          other non-current liabilities
                         118,269,000      207,071,000 223,813,000   
          cash flows from investing activities:
                                   
          acquisition of fixed assets
                         -8,800,000          
          acquisition of intangible assets
                         -28,452,000          
          purchase of long-term investments
                                  
          proceeds from disposal of long-term investments
                         14,631,000          
          film investments made as passive investor
                         -58,500,000          
          proceeds from film investments as passive investor
                                  
          loans provided to related parties
                                   
          purchases of held-to-maturity debt securities
                                  
          maturities of held-to-maturity debt securities
                         174,433,000          
          purchases of available-for-sale debt securities
                         -415,232,000          
          maturities of available-for-sale debt securities
                         889,392,000          
          other investing activities
                         11,427,000          
          cash flows from financing activities:
                                   
          repayments of loans from related parties
                                   
          proceeds from short-term loans
                         518,349,000          
          repayments of short-term loans
                         -1,088,286,000          
          proceeds from long-term loans
                                   
          repayments of long-term loans
                                   
          proceeds from issuance of convertible senior notes, net of issuance costs
                                   
          repayments or redemption of convertible senior notes
                                   
          acquisition of noncontrolling interests in a subsidiary
                                   
          proceeds from issuance of ordinary shares in the follow-on offering, net of issuance costs
                                   
          proceeds from issuance of ordinary shares to third parties upon private placement
                                  
          proceeds from issuance of class b ordinary shares to baidu upon private placement
                                  
          proceeds from exercise of share options
                         2,684,000          
          finance lease payments
                         -9,781,000          
          dividends paid to noncontrolling interest shareholders
                                   
          proceeds from other financing activities
                                   
          repayment for other financing activities
                                   
          cash, cash equivalents and restricted cash at the beginning of the year
                                   
          cash, cash equivalents and restricted cash at the end of the year
                                   
          supplemental disclosures of cash flow information:
                                   
          cash paid for interest
                                   
          cash paid for income taxes
                                   
          acquisition of fixed assets included in accounts payable
                         -12,607,000          
          rmb
                                   
          summary consolidated cash flows data:
                                   
          net cash (used for)/provide by operating activities
                                   
          net cash
                -222,755,000      166,845,000  166,845,000   -67,305,000        
          net cash (used for)/provided by financing activities
                261,136,000  261,136,000            610,991,000     
          net (decrease)/increase in cash, cash equivalents and restricted cash
                990,760,000  990,760,000        807,912,000 807,912,000 -659,194,000  -3,545,237,000     
          (reversal)/provision of credit losses
                                   
          gain on disposal of subsidiaries or business
                                   
          other non-cash expenses
                         22,998,000          
          loans provided to third parties
                                   
          repayment of loans provided to related parties
                                   
          repayment of loans provided to third parties
                                  
          repayments of long-term loans and borrowings from third party investors
                                   
          proceeds from issuance of subsidiaries' shares
                                  
          other financing activities
                                  
          net cash (used for)/ provided by financing activities
                    -1,175,147,000               
          net increase/ (decrease) in cash, cash equivalents and restricted cash
                    -582,309,000               
          net cash provided/ (used for) by financing activities
                       -3,356,630,000 -3,356,630,000           
          net cash (used for)/provided by operating activities
                        1,001,765,000  -1,167,049,000         
          net loss
                         304,638,000          
          adjustments to reconcile net loss to net cash from operating activities
                                   
          amortization and impairment of intangible assets
                                   
          amortization and impairment of licensed copyrights
                         1,920,226,000          
          impairment of long-lived assets
                                   
          gain on disposal of subsidiaries
                         62,199,000          
          accretion on convertible senior notes and asset-backed debt securities
                         30,968,000          
          interest and other investment expense
                                   
          amortization of deferred income
                         -3,451,000          
          acquisition of business, net of cash acquired
                                   
          repayments of convertible senior notes
                                   
          dividends paid by subsidiaries
                         -9,935,000          
          (reversal)/provision of credit loss
                                   
          interest and other investment income
                                   
          deferred income tax expenses
                                   
          acquisition of long-term investments with non-cash consideration
                                   
          net cash provided by/(used for) investing activities
                          -67,305,000   -2,777,975,000      
          adjustments to reconcile net loss to net cash provided by operating activities
                                   
          provision/(reversal) for credit loss
                                   
          loss on disposal of fixed assets
                                   
          fair value change of assets and liabilities remeasured at fair value on a recurring basis
                                   
          other non-cash expenses/
                                   
          acquisition of licensed copyrights from related parties
                                   
          acquisition of licensed copyrights from third parties
                                   
          proceeds from long-term loans and borrowings from third party investors, net of issuance costs
                                   
          purchase of capped calls
                                   
          net cash (used for)/provided by investing activities
                              -2,777,975,000     
          assets
                                   
          current assets:
                                   
          short-term investments
                               3,603,891,000 4,196,237,000   
          total current assets
                               15,563,502,000 17,691,992,000   
          non-current assets:
                                   
          fixed assets
                               1,463,733,000 1,660,408,000   
          long-term investments
                               3,710,782,000 3,745,872,000   
          deferred tax assets
                               66,673,000 62,748,000   
          intangible assets
                               661,683,000 711,855,000   
          operating lease assets
                               1,001,648,000 1,110,754,000   
          goodwill
                               3,888,346,000 3,888,346,000   
          total non-current assets
                               25,324,706,000 24,585,456,000   
          total assets
                               40,888,208,000 42,277,448,000   
          liabilities, redeemable noncontrolling interests and shareholders’ equity
                                   
          current liabilities:
                                   
          accounts and notes payable
                               7,455,954,000 7,691,757,000   
          convertible senior notes, current portion
                                   
          short-term loans
                               3,804,396,000 3,614,023,000   
          long-term loans, current portion
                               733,365,000 466,521,000   
          operating lease liabilities, current portion
                               197,673,000 183,508,000   
          total current liabilities
                               20,503,456,000 20,466,693,000   
          non-current liabilities:
                                   
          long-term loans
                               628,286,000 886,926,000   
          convertible senior notes
                               12,307,243,000 12,693,748,000   
          deferred tax liabilities
                               13,749,000 527,000   
          operating lease liabilities
                               757,882,000 725,501,000   
          total non-current liabilities
                               14,907,839,000 15,550,776,000   
          total liabilities
                               35,411,295,000 36,017,469,000   
          redeemable noncontrolling interests
                                   
          shareholders’ equity:
                                   
          class a ordinary shares
                               146,000 145,000   
          class b ordinary shares
                               183,000 183,000   
          additional paid-in capital
                               42,464,474,000 42,057,844,000   
          accumulated deficit
                               -39,424,412,000 -38,248,328,000   
          accumulated other comprehensive income
                               2,274,276,000 2,300,941,000   
          non-controlling interests
                               55,444,000 44,188,000   
          total shareholders’ equity
                               5,370,111,000 6,154,973,000   
          total liabilities, redeemable noncontrolling interests and shareholders’ equity
                               40,888,208,000 42,277,448,000   
          cash, cash equivalents and restricted cash
                                   
          at beginning of period
                               4,681,076,000 6,909,674,000 6,909,674,000  
          at end of period
                               5,279,976,000 4,681,076,000 4,681,076,000  
          less: acquisition of licensed copyrights
                                   
          redeemable noncontrolling interests:
                               106,802,000 105,006,000   
          provision for credit losses
                                   
          accretion on convertible notes payable or convertible senior notes
                                   
          share of losses on equity method investments
                                   
          other investment and interest income
                                   
          deferred income tax benefit
                                   
          accrued expenses and other current liabilities
                                   
          film investment as passive investor
                                   
          proceeds from issuance of subsidiaries’ shares
                                   
          selected consolidated cash flow data:
                                   
          net cash (used in)/provided by financing activities
                                   
          impairment of licensed copyrights
                                   
          impairment of long-term investments
                                   
          provision for doubtful accounts
                                   
          (reversal)/provision for other assets
                                   
          loss on disposal of intangible assets
                                   
          share of loss on equity method investments
                                   
          fair value change of equity investments with no readily determinable fair values under the measurement alternative
                                   
          dividends receivable from a long term investment
                                   
          interest payables
                                   
          acquisition of licensed copyrights
                                   
          loans provided to related parties and third parties
                                   
          purchases of held-to-maturity investments
                                   
          maturities of held-to-maturity investments
                                   
          purchase of available-for-sale debt securities
                                   
          maturity of available-for-sale debt securities
                                   
          proceeds from loans from related parties
                                   
          proceeds from issuance of convertible notes to related parties
                                   
          proceeds from issuance of convertible notes to third parties
                                   
          proceeds from issuance of subsidiaries’ shares to non-controlling interest holders
                                   
          proceeds from initial public offering, net of issuance costs
                                   
          capital contribution from parent company
                                   
          effect of exchange rate changes on cash and cash equivalents
                                   
          net increase in cash and cash equivalents
                                   
          cash and cash equivalents at the beginning of the period
                                   
          cash and cash equivalents at the end of the period
                                   
          acquisition of licensed copyrights included in accounts payable and deferred revenue
                                   
          acquisition of licensed copyrights from nonmonetary content exchanges