iQIYI Inc. (NASDAQ: IQ) completed its repurchase right offer for its 6.50% Convertible Senior Notes due 2028, with $207.8 million in aggregate principal amount of notes surrendered by holders.

The repurchase right offer expired March 12, 2026, at 5:00 p.m. New York time. Citibank N.A. served as the paying agent for the transaction. The company paid the full repurchase price of $207.8 million, which included the principal amount plus accrued and unpaid interest.

Following the repurchase settlement, $259,000 in aggregate principal amount of the convertible notes remains outstanding. These remaining notes continue under the existing terms of the indenture.

The Beijing-based company provides online entertainment video services in China. iQIYI operates a technology platform that uses artificial intelligence and big data analytics to produce and distribute video content. The company generates revenue through membership services, online advertising, content distribution, online games, and other business segments.

The information was disclosed in a company statement regarding the completion of the previously announced repurchase offer.