Baidu Announces First Quarter 2026 Results

Baidu, Inc. announced its unaudited financial results for the first quarter ended March 31, 2026. Key highlights include: Revenue from Baidu Core AI-powered Business reached RMB 13.6 billion, a 49% year-over-year increase, and now constitutes over half of Baidu General Business revenue. Total revenue for Baidu General Business grew 2% year over year, returning to positive growth. Non-GAAP operating income for Baidu General Business increased 39% quarter over quarter to RMB 4.0 billion. Operating cash flow remained positive at RMB 2.7 billion. AI Cloud Infra revenue increased by 79% year over year to RMB 8.8 billion, driven by enterprise demand and full-stack AI capabilities. AI Applications revenue was RMB 2.5 billion, flat year over year. Apollo Go, the autonomous ride-hailing service, delivered 3.2 million fully driverless rides, with total rides increasing over 120% year over year. The company also launched ERNIE 5.1 and returned US$172 million to shareholders through share repurchases.