Membership Services Revenues was iQIYI’s largest product and service line in fiscal 2025, bringing in $16.81B of $24.90B (68%).
| Product and Service | FY 2016 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Membership Services Revenues | $20.31B | $17.76B | $16.81B | |
| Membership Services | — | — | — | |
| Online Advertising Services | $6.22B | $5.71B | $5.19B | |
| Content Distribution | $2.46B | $2.85B | $2.50B | |
| Others | $2.88B | $2.90B | $399.41M | |
| Total | $31.87B | $29.23B | $24.90B |
iQIYI brought in $24.90B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 14.8% from $29.23B in fiscal 2024. Membership Services Revenues was the largest at $16.81B (67.5%), ahead of Online Advertising Services at $5.19B (20.9%) and Content Distribution at $2.50B (10.0%). The remaining line, Others, brought in $399.41M.
Compared with fiscal 2024, every line above 2% of revenue shrank. Membership Services Revenues held up best, down 5.4% to $16.81B, and Content Distribution fell the most, down 12.3% to $2.50B. From fiscal 2023 to 2025, combined revenue from these lines fell from $31.87B to $24.90B, a compound annual decline of 11.6%. Membership Services Revenues' share of the total rose from 63.7% to 67.5%.
Third-Party was iQIYI’s largest revenue line in fiscal 2025, bringing in $24.03B of $24.08B (100%).
| Consolidated Entities | FY 2025 |
|---|---|
| Third-Party | $24.03B |
| Inter-Group | $46.73M |
| Total | $24.08B |
iQIYI brought in $24.08B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. Third-Party was the largest at $24.03B (99.8%), ahead of Inter-Group at $46.73M (0.2%).
iQIYI (IQ) reports its revenue by product and service and by consolidated entities. In fiscal 2025, Membership Services Revenues was its largest product and service line, bringing in $16.81B (67.5% of the total), followed by Online Advertising Services at $5.19B (20.9%).
Membership Services Revenues was iQIYI's largest product and service line in fiscal 2025, bringing in $16.81B, or 67.5% of the $24.90B total across its four product and service lines.
Third-Party was iQIYI's largest revenue line in fiscal 2025, bringing in $24.03B, or 99.8% of the $24.08B total across its two revenue lines.
Every figure comes from iQIYI's annual financial filings, as reported. Each line keeps the name iQIYI gives it, and years follow its fiscal calendar.
iQIYI's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.