Earnings Per Share

9 Months Ended

Sep. 30, 2024

12. EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of the ordinary shares outstanding during the period. Diluted earnings 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 per share for the nine months ended September 30, 2023 and 2024, as its effect would be anti-dilutive.

Basic and diluted earnings per Class A and Class B ordinary share for the nine months ended September 30, 2023 and 2024 are calculated as follows:


	For the nine months ended September 30,
	2023				2024
	Class A		Class B		Class A				Class B
	RMB		RMB		RMB		US$		RMB		US$

Earnings per share—basic:
Numerator
Net income attributable to iQIYI, Inc.		793,177		666,059		522,402		74,441		431,012		61,418
Numerator used for basic earnings per share		793,177		666,059		522,402		74,441		431,012		61,418
Denominator
Weighted average number of ordinary shares outstanding		3,621,493,328		3,041,097,278		3,685,911,326		3,685,911,326		3,041,097,278		3,041,097,278
Denominator used for basic earnings per share		3,621,493,328		3,041,097,278		3,685,911,326		3,685,911,326		3,041,097,278		3,041,097,278
Earnings per share—basic		0.22		0.22		0.14		0.02		0.14		0.02

Earnings per share—diluted:
Numerator
Allocation of net income available to iQIYI, Inc.'s ordinary shareholders		808,529		650,707		527,560		75,176		425,854		60,683
Reallocation of net income available to iQIYI, Inc.'s ordinary shareholders as a result of conversion of Class B to Class A shares		650,707		—		425,854		60,683		—		—
Numerator used for diluted earnings per share		1,459,236		650,707		953,414		135,859		425,854		60,683
Denominator
Weighted average number of ordinary shares outstanding		3,621,493,328		3,041,097,278		3,685,911,326		3,685,911,326		3,041,097,278		3,041,097,278
Conversion of Class B to Class A ordinary shares		3,041,097,278		—		3,041,097,278		3,041,097,278		—		—
Share-based awards		157,194,383		—		81,478,439		81,478,439		—		—
Denominator used for diluted earnings per share		6,819,784,989		3,041,097,278		6,808,487,043		6,808,487,043		3,041,097,278		3,041,097,278
Earnings per share—diluted		0.21		0.21		0.14		0.02		0.14		0.02