Baidu Inc
NASDAQ:BIDU

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Baidu Inc
NASDAQ:BIDU
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Price: 125.66 USD 5.85% Market Closed
Market Cap: 44.1B USD

Baidu Inc
Investor Relations

In the bustling tech ecosystem of China, Baidu Inc. stands as a towering colossus, much like Google in the West. Founded in the year 2000 by Robin Li and Eric Xu, the company initially carved its niche by pioneering search engine technology tailored specifically for the Chinese language and consumer. Baidu has since evolved far beyond its foundational search engine services, integrating artificial intelligence into its core operations. The company's strategic emphasis on AI-driven technology allows it to maintain relevance in a rapidly transforming digital landscape. This evolution is evident in its diversified portfolio, which now includes AI Cloud services, intelligent driving platforms, and various other AI-centric ventures. Through leveraging these advanced technologies, Baidu has cemented its role as an indispensable partner to businesses and government initiatives within China, providing tools to enhance efficiency and innovation.

The company's revenue generation machine is fueled primarily by advertising services, which remain its backbone, albeit with a nuanced and sophisticated approach. Baidu combines its search engine prowess with AI to offer targeted advertisements, ensuring businesses reach their exact audience efficiently through its platform. Additionally, its investments in autonomous vehicles and cloud computing stand as significant areas of interest and future growth. With its autonomous driving unit, Apollo, and Baidu Cloud, the company seeks to spearhead technological advancements that promise new horizons of income streams. Meanwhile, Baidu’s strategic partnerships and continuous reinvestment into AI and machine learning reinforce its position not just as a tech giant, but as an innovator striving to stay ahead in the global tech race.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 18, 2025
AI Summary
Q3 2025

Revenue & Loss: Baidu reported Q3 revenue of RMB 31.2 billion, down 7% year-over-year, with a net loss attributable to Baidu of RMB 11.2 billion due to a major asset impairment.

AI Cloud Growth: AI Cloud revenue reached RMB 6.2 billion, up 21% year-over-year, with AI Cloud Infra (infrastructure) revenue growing 33% year-over-year, and subscription-based AI accelerator revenue surging 128%.

AI Marketing Momentum: Revenue from AI-native marketing services (agents and digital humans) jumped 262% year-over-year to RMB 2.8 billion, now making up 18% of Baidu Core's online marketing revenue.

Apollo Go Expansion: Autonomous ride-hailing service Apollo Go delivered over 3 million fully driverless rides in Q3, up 212% year-over-year, and expanded to 22 cities globally.

Asset Impairment: The company took an RMB 16.2 billion impairment charge, mainly to write down older infrastructure assets as it transitions to more advanced AI technologies.

AI Integration: Nearly 70% of Baidu mobile search result pages now feature AI-generated content, and AI applications like Wenku and Drive saw strong user growth.

Profitability Outlook: Management expects margin improvement next year as asset efficiency rises and AI business scales, viewing Q3 as the likely margin low point.

Shareholder Returns: Baidu has repurchased $2.3 billion in shares and is evaluating further buyback mechanisms and dividend policies for more consistent shareholder returns.

Key Financials
Total Revenue
RMB 31.2 billion
Baidu Core Revenue
RMB 24.7 billion
AI Cloud Revenue
RMB 6.2 billion
AI Cloud Infra Revenue
RMB 4.2 billion
AI Applications Revenue
RMB 2.6 billion
AI Native Marketing Services Revenue
RMB 2.8 billion
Baidu Core Online Marketing Revenue
RMB 15.3 billion
Operating Loss
RMB 15.1 billion
Operating Income (Excluding Asset Impairment)
RMB 1.1 billion
Net Loss Attributable to Baidu
RMB 11.2 billion
Diluted Loss Per ADS
RMB 33.88
Net Income Attributable to Baidu (Excluding Asset Impairment)
RMB 2.6 billion
Non-GAAP Net Income Attributable to Baidu
RMB 3.8 billion
Non-GAAP Diluted Earnings Per ADS
RMB 11.12
Total Cash and Investments
RMB 296.4 billion
Operating Cash Flow
RMB 1.3 billion
Apollo Go Fully Driverless Rides (Q3)
3 million
Apollo Go Cities (as of October 2025)
22
Baidu App MAU (September)
708 million
Impairment of Long-Lived Assets
RMB 16.2 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Yanhong Li
Co-Founder, Chairman & CEO
No Bio Available
Mr. Junjie He
Interim Chief Financial Officer
No Bio Available
Dr. Haifeng Wang Ph.D.
Chief Technology Officer
No Bio Available
Ms. Shanshan Cui
Senior VP of HR & Administration
No Bio Available
Ms. Juan Lin
Director of Investor Relations
No Bio Available
Mr. Victor Zhixiang Liang
Senior VP & General Counsel
No Bio Available
Mr. Hui Lee Liu
Chairman of the Cloud Business
No Bio Available
Dr. Dou Shen
Executive Vice President
No Bio Available
Mr. Rong Luo
Executive Vice President of Baidu Mobile Ecosystem Group
No Bio Available
Mr. Zhenyu Li
Senior Vice President and GM of IDG
No Bio Available

Contacts

Address
BEIJING
Beijing
Baidu Campus, No. 10 Shangdi 10th Street, Haidian District
Contacts