Exhibit 99.1 iQIYI Announces Third Quarter 2023 Financial Results BEIJING, CHINA, November 21, 2023 – iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights • Total revenues were RMB8.0 billion (US$1.1 billion1), increasing 7% year over year. • Operating income was RMB746.7 million (US$102.4 million) and operating inco ...