Baidu Reports First-Quarter Revenue and Earnings Results, Announces 2025 Financial Performance
Baidu reported its first-quarter revenue of 32.45 billion yuan, surpassing analysts' estimates. The company's adjusted net profit was 64.69 billion yuan, showing an 8% year-over-year decrease. Additionally, Baidu's quarterly earnings per share of $2.55 exceeded the consensus estimate by 30.1%. The company's revenue increased by 3% year over year, with a notable surge in net income by 42%. Baidu's AI Cloud segment experienced significant growth, and its robotaxi business expanded internationally to Dubai and Abu Dhabi. Baidu also announced its financial performance for the first quarter of 2025.