Baidu, Inc. (BIDU) Announced Q4 2025 Earnings on February 26, 2026, Reporting "Total revenues in Q4 were RMB 32.7 billion".

In Q4 2025, Baidu reported total revenues of RMB 32.7 billion, representing a 5 percent increase quarter-over-quarter. For the full year 2025, total revenues were RMB 129.1 billion, decreasing 3 percent year-over-year. Operating income was RMB 1.5 billion in Q4 with an operating margin of 5 percent, while non-GAAP operating income was RMB 3.0 billion. Diluted earnings per ADS for the quarter was RMB 3.71, and non-GAAP diluted earnings per ADS was RMB 10.6213. Operating cash flow was RMB 2.6 billion in Q41415.

Management highlighted several strategic and organizational initiatives, including the proposed spin-off and separate listing of its Kunlunxin AI chip business. The company also announced a new USD 5 billion share repurchase program and adopted its first dividend policy.... Operationally, Baidu restructured its ERNIE model development organization into two dedicated teams and established the Personal Super Intelligence business group, which integrates Baidu Wenku and Baidu Drive. Subscription-based revenue from AI accelerator infrastructure grew 143 percent year-over-year in Q42122.

Notable product and partnership announcements included the Apollo Go autonomous ride-hailing service delivering 3.4 million fully driverless operational rides in the quarter and expanding its global footprint to 26 cities.... Baidu announced partnerships with Uber and Lyft to pilot autonomous vehicles in London, and a partnership with Uber to bring autonomous ride-hailing to Dubai. For forward guidance, management stated they expect the core AI-powered business to become the majority of Baidu General business in the foreseeable future. Management also expressed confidence that the cloud business will continue to grow faster than the industry in 2026.