05:20 AM EDT, 05/21/2025 (MT Newswires) -- iQIYI (IQ) reported Q1 adjusted earnings Wednesday of 0.31 renminbi ($0.04) per diluted American depositary share, down from 0.87 renminbi a year earlier.

Analysts polled by FactSet expected 0.29 renminbi.

Revenue for the quarter ended March 31 was 7.19 billion renminbi, compared with 7.93 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 7.09 billion renminbi.

Shares of the company rose 3.8% in premarket activity.