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iQIYI Announces Second Quarter 2021 Financial Results BEIJING , August 12 , 2021 – iQIYI , Inc. ( Nasdaq : IQ ) ( " iQIYI " or the " Company " ) , an innovative market - leading online entertainment service in China , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights Total revenues were RMB7.6 billion ( US $ 1.2 billion¹ ) , representing a 3 % increase from the same period in 2020 . ● Operating loss was RMB1.1 billion ( US $ 173.7 million ) and operating loss margin was 15 % , compared to operating loss of RMB 1.3 billion and operating loss margin of 17 % in the same period in 2020 . Net loss attributable to iQIYI was RMB1.4 billion ( US $ 216.4 million ) , compared to net loss attributable to iQIYI of RMB 1.4 billion in the same period in 2020. Diluted net loss attributable to iQIYI per ADS was RMB1.75 ( US $ 0.27 ) , compared to diluted net loss attributable to iQIYI per ADS of RMB 1.96 in the same period of 2020 . The number of total subscribing members was 106.2 million as of June 30 , 2021 , or 105.2 million excluding individuals with trial memberships . " Our second quarter results were largely in line with our expectation , " commented Mr. Yu Gong , Founder , Director , and Chief Executive Officer of iQIYI . " Despite the fact that the second quarter is traditionally an off - season , the number of our subscribers grew to 106.2 million , driven by the hit original dramas we launched during the quarter . We continued to lead the market across multiple operating metrics . We also saw encouraging momentum from our iQIYI Lite app targeting lower - tier cities in China and from our overseas expansion . We are still in the early stage of industrialization in video production , and we are continuing to drive industry evolution to achieve long - term growth . Leveraging our deep understanding of users , our highly innovative in - house production teams , as well as our advanced technologies , we believe we are well positioned to address current challenges and capture future market opportunities . " " Our total revenue in the second quarter approached the high end of our guidance , " commented Mr. Xiaodong Wang , Chief Financial Officer of iQIYI . " We continue to grow our subscribers and diversify our monetization channels through our premium content and massive user base . Our net loss narrowed for five consecutive quarters on a year - over - year basis as we continue to execute our disciplined investment strategy . Looking ahead , we strive to offer increasingly diversified content portfolio in the second half of the year , which is a key pillar to regain the revenue momentum . " Footnotes : [ ¹ ] Unless otherwise noted , all translations from RMB to U.S. dollars are made at a rate of RMB6.4566 to US $ 1.00 , the exchange rate in effect as of June 30 , 2021 as set forth in the H. 10 statistical release of the Board of Governors of the Federal Reserve System . Translations are provided solely for the convenience of the reader .