v3.26.1
Convertible Senior Notes (Tables)
12 Months Ended
Dec. 31, 2025
Text Block [Abstract]  
Summary of Carying Amount of the Convertible Notes
The carrying amount of the iQIYI Convertible Notes as of December 31, 2024 and 2025 were as follows:
 
 
  
As of December 31,
 
 
  
2024
 
  
2025
 
  
2025
 
 
  
RMB
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
Principal
     8,161        7,583        1,084  
Less: unamortized discount and debt issuance costs
     (432 )       (588 )
 
     (84 )
 
  
 
 
    
 
 
    
 
 
 
Net carrying amount
     8,593        8,171        1,168  
  
 
 
    
 
 
    
 
 
 
Summary of Debt Instruments Interest Cost Recognized
For the years ended December 31, 2023, 2024 and 2025, the amounts of interest cost recognized were as follows:
 
 
  
For the years ended December 31,
 
 
  
2023
 
  
2024
 
  
2025
 
  
2025
 
 
  
RMB
 
  
RMB
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
Contractual interest expense
     644        571        462        66  
Amortization of the discount and issuance costs
     292        278        236        34  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total
     936        849        698        100