Convertible Senior Notes (Tables)

12 Months Ended

Dec. 31, 2024

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Summary of Carying Amount of the Convertible Notes

The carrying amount of the iQIYI Convertible Notes as of December 31, 2023 and 2024 were as follows:

	As of December 31,
	2023			2024			2024
	RMB			RMB			US$
	(In millions)
Principal		10,801			8,161			1,118
Less: unamortized discount and debt issuance costs		(145	)		(432	)		(59	)
Net carrying amount		10,946			8,593			1,177

Summary of Debt Instruments Interest Cost Recognized

For the years ended December 31, 2022, 2023 and 2024, the amounts of interest cost recognized were as follows:

	For the years ended December 31,
	2022		2023		2024		2024
	RMB		RMB		RMB		US$
	(In millions)
Contractual interest expense		404		644		571		78
Amortization of the discount and issuance costs		66		292		278		38
Total		470		936		849		116