Baidu Earnings Reports

Baidu's Q3 2025 performance was heavily impacted by a $2.27B impairment of long-lived assets, leading to a net loss of $1.58B. However, the company saw strong momentum in AI-native products and services, with continued expansion in its autonomous driving and AI Cloud businesses.

Baidu posted $4.57B in revenue and $1.02B in net income for Q2 2025. AI Cloud revenue surpassed $1.4B, offsetting pressure from a decline in online marketing. EPS came in at $2.84, with adjusted EPS at $1.90.

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.