BIDU(US:BIDU) Hua Er Jie Jian Wen·2025-05-21 10:26Core Insights - Baidu's Q1 2025 revenue reached 32.45 billion RMB (approximately 4.47 billion USD), exceeding expectations with a year-on-year growth of 3% [6] - Net profit for the quarter was 7.72 billion RMB (10.6 billion USD), reflecting a significant year-on-year increase of 42% [6] - The company's intelligent cloud business saw a remarkable revenue growth of 42%, becoming a key driver for overall revenue growth [4] Financial Performance - Total revenue for Q1 2025 was 32.45 billion RMB, compared to 31.51 billion RMB in Q1 2024, marking a 3% increase [3] - Operating profit was 4.51 billion RMB, down 18% year-on-year, while adjusted operating profit was 5.33 billion RMB, reflecting a 6% increase [3] - The diluted earnings per American Depositary Share (ADS) were 21.59 RMB, a 45% increase year-on-year [3] Business Highlights - The intelligent cloud business emerged as a major highlight, with revenue growth of 42% year-on-year [4] - The autonomous driving service "Luobo Kuaipao" saw a 75% increase in order volume, exceeding 1.4 million orders in Q1 2025 [4] - Baidu's mobile ecosystem continued to grow, with monthly active users of the Baidu app reaching 72.4 million, a 7% increase year-on-year [5] R&D and Strategic Investments - Baidu maintained high investment in R&D, launching new products such as Wenxin 4.5 and X1, and upgrading its MaaS platform [7] - As of March 31, 2025, Baidu had cash reserves of 142 billion RMB (approximately 19.57 billion USD), although it reported a negative free cash flow of 8.9 billion RMB due to increased investments in AI [7] - The company has actively repurchased shares, with a total repurchase amount reaching 2.1 billion USD [7]