Baidu Earnings Reports

Baidu delivered strong financial results in Q1 2025, led by AI Cloud revenue growth and the international expansion of Apollo Go. Revenue and net income increased year-over-year, highlighting momentum in AI-driven services.

Baidu's Q4 2024 revenue decreased by 2% YoY to ¥34.124 billion, mainly due to a 7% decline in online marketing revenue. However, AI Cloud business showed strong growth, increasing by 26% YoY. Net income doubled YoY, driven by favorable FX gains and lower investment losses. Operating income declined 27% due to increased costs and one-time losses.