iQIYI reported Q2 results with Non-GAAP EPS of -$0.02, missing estimates by $0.01. Revenue was $926.6M, down 5% year-over-year and missing forecasts by $2.99M. Membership and advertising revenues declined slightly, while content distribution revenue surged 56%. Other revenues dropped significantly due to business arrangement changes. Operating cash flow turned positive at $50.0M, compared to a net use in the prior year period.