Membership Services Revenues was iQIYI’s largest product and service line in fiscal 2025, bringing in $16.81B of $27.29B (62%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Membership Services Revenues | — | $20.31B | $17.76B | $16.81B | ||||||
| Membership Services | $17.71B | — | — | — | ||||||
| Online Advertising Services | $5.33B | $6.22B | $5.71B | $5.19B | ||||||
| Others | $3.39B | $2.88B | $2.90B | $2.79B | ||||||
| Content Distribution | $2.56B | $2.46B | $2.85B | $2.50B | ||||||
| Total | $29.00B | $31.87B | $29.23B | $27.29B |
iQIYI brought in $27.29B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 6.6% from $29.23B in fiscal 2024. Membership Services Revenues was the largest at $16.81B (61.6%), ahead of Online Advertising Services at $5.19B (19.0%) and Others at $2.79B (10.2%). The remaining line, Content Distribution, brought in $2.50B.
Compared with fiscal 2024, every line above 2% of revenue shrank. Others held up best, down 3.7% to $2.79B, and Content Distribution fell the most, down 12.3% to $2.50B.
iQIYI began breaking out Membership Services Revenues in fiscal 2023, when it brought in $20.31B. iQIYI stopped reporting Membership Services as a separate line after fiscal 2022, when it brought in $17.71B.
iQIYI (IQ) reports its revenue by product and service. In fiscal 2025, Membership Services Revenues was its largest product and service line, bringing in $16.81B (61.6% of the total), followed by Online Advertising Services at $5.19B (19.0%).
Membership Services Revenues was iQIYI's largest product and service line in fiscal 2025, bringing in $16.81B, or 61.6% of the $27.29B total across its four product and service 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.