From Yahoo Finance: 2025-05-21 09:32:00

Baidu, Inc (NASDAQ: BIDU) stock rose after reporting fiscal first-quarter results with revenue of $4.47 billion, up 3% Y/Y, beating analyst estimates. Adjusted earnings per ADS were $2.55, surpassing analyst consensus. Core revenue grew 7% Y/Y to $3.51 billion, while AI Cloud business revenue spiked 40% to $1.30 billion.

IQIYI, Inc (NASDAQ: IQ) revenue was $990.3 million, exceeding analyst estimates, but down 9.97% Y/Y. Baidu’s SG&A expenses rose 10% to $815 million, while R&D expenses decreased 15% to $626 million. Adjusted EBITDA margin dropped by 400 bps to 22%.

Baidu had $19.6 billion in cash and equivalents as of March 31, 2025. Free cash flow was an outflow of $1.23 billion, mainly due to increased investment in AI business. CEO Robin Li highlighted AI Cloud business growth and expansion of Apollo Go robotaxi service internationally.

Interim CFO Junjie He emphasized AI Cloud’s strong performance supporting overall revenue growth. BIDU shares were up 2.42% to $91.50 premarket. Transform your trading with Benzinga Edge’s market trade ideas and tools for a competitive edge.

BIDU shares rose after the company reported strong fiscal first-quarter results, beating revenue estimates and showcasing growth in core and AI Cloud business segments. CEO Robin Li and Interim CFO Junjie He highlighted the positive performance of the AI Cloud business and commitment to investing in sustainable growth.

Read more: China-Based Baidu Burns $1.2 Billion To Fuel AI Cloud Growth