| EARNINGS/(LOSS) PER SHARE |
20.EARNINGS/(LOSS) PER SHARE Basic earnings/(loss) per share is computed using the weighted average number of the ordinary shares outstanding during the period. Diluted earnings/(loss) per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the period under the if-converted method and the treasury stock method. The effect of the convertible senior notes was excluded from the computation of diluted net earnings/(loss) per share for the years ended December 31, 2023, 2024 and 2025, as its effect would be anti-dilutive. The effect of share options was excluded from the computation of diluted net loss per share for the year ended December 31, 2025, as its effect would be anti-dilutive. Basic and diluted earnings/(loss) per Class A and Class B ordinary share for the years ended December 31, 2023, 2024 and 2025 are calculated as follows:
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Year ended December 31, |
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2023 |
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2024 |
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2025 |
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2025 |
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Class A |
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Class B |
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Class A |
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Class B |
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Class A |
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Class B |
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RMB |
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RMB |
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RMB |
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RMB |
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RMB |
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US$ |
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RMB |
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US$ |
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(In thousands) |
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Earnings/(loss) per share—basic: |
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Numerator |
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Net income/(loss) attributable
to iQIYI, Inc. |
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1,048,303 |
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877,166 |
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418,801 |
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345,258 |
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(113,311 |
) |
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(16,203 |
) |
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(93,000 |
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(13,299 |
) |
Numerator used for basic
earnings/(loss) per share |
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1,048,303 |
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877,166 |
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418,801 |
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345,258 |
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(113,311 |
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(16,203 |
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(93,000 |
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(13,299 |
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Denominator |
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Weighted average number of
ordinary shares outstanding |
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3,634,425,531 |
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3,041,097,278 |
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3,688,877,543 |
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3,041,097,278 |
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3,705,258,164 |
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3,705,258,164 |
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3,041,097,278 |
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3,041,097,278 |
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Denominator used for basic
earnings/(loss) per share |
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3,634,425,531 |
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3,041,097,278 |
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3,688,877,543 |
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3,041,097,278 |
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3,705,258,164 |
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3,705,258,164 |
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3,041,097,278 |
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3,041,097,278 |
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Earnings/(loss) per share—basic |
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0.29 |
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0.29 |
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0.11 |
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0.11 |
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(0.03 |
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(0.00 |
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(0.03 |
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(0.00 |
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Earnings/(loss) per share—diluted: |
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Numerator |
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Allocation of net income/(loss) available
to iQIYI, Inc.'s ordinary shareholders |
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1,067,342 |
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858,127 |
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422,331 |
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341,728 |
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(113,311 |
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(16,203 |
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(93,000 |
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(13,299 |
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Reallocation of net income/(loss)
available to iQIYI, Inc.'s ordinary
shareholders as a result of conversion of
Class B to Class A shares |
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858,127 |
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— |
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341,728 |
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— |
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(93,000 |
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(13,299 |
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— |
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— |
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Numerator used for diluted
earnings/(loss) per share |
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1,925,469 |
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858,127 |
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764,059 |
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341,728 |
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(206,311 |
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(29,502 |
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(93,000 |
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(13,299 |
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Denominator |
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Weighted average number of ordinary
shares outstanding |
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3,634,425,531 |
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3,041,097,278 |
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3,688,877,543 |
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3,041,097,278 |
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3,705,258,164 |
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3,705,258,164 |
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3,041,097,278 |
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3,041,097,278 |
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Conversion of Class B to Class A
ordinary shares |
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3,041,097,278 |
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— |
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3,041,097,278 |
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— |
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3,041,097,278 |
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3,041,097,278 |
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— |
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— |
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Share-based awards |
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148,105,257 |
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— |
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69,525,328 |
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— |
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— |
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— |
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— |
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— |
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Denominator used for diluted
earnings/(loss) per share |
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6,823,628,066 |
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3,041,097,278 |
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6,799,500,149 |
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3,041,097,278 |
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6,746,355,442 |
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6,746,355,442 |
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3,041,097,278 |
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3,041,097,278 |
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Earnings/(loss) per share—diluted |
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0.28 |
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0.28 |
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0.11 |
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0.11 |
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(0.03 |
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(0.00 |
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(0.03 |
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(0.00 |
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