Baidu reports Q1 EPS ($1.75) vs. $2.55 last year

Reports Q1 revenue $4.65B vs. $4.47B last year. “In Q1, our Core AI-powered Business exceeded half of Baidu (BIDU) General Business revenue for the first time, marking a clear signal that AI has become the core driver of Baidu. AI Cloud Infra delivered exceptional momentum, powered by surging enterprise demand and the differentiated full-stack AI capabilities we have built over the years. Our AI Applications continued to gain traction across enterprises and individuals alike, further validating the commercial potential of our AI innovations. Meanwhile, Apollo Go sustained triple-digit growth in fully driverless rides while advancing its international expansion,” said Robin Li, co-founder and CEO of Baidu. “We see AI driving even greater value for Baidu in the quarters ahead.”