Baidu Exceeds Q1 Revenue and Earnings Forecasts Driven by AI Business Growth
Baidu (NASDAQ:BIDU) reported first-quarter revenue of 32.08 billion yuan, surpassing analyst estimates, driven primarily by strong growth in its AI-powered business. The company's Core AI segment generated year-over-year revenue growth of 49%, and cloud infrastructure revenue rose sharply by 79%. Despite a slight miss from iQIYI’s streaming division, Baidu exceeded profitability forecasts.