Zheng Quan Shi Bao·2025-08-20 12:48Core Insights - Baidu's Q2 2025 financial report shows total revenue of 32.7 billion RMB, with core revenue at 26.3 billion RMB and a net profit of 7.4 billion RMB, reflecting a 35% year-over-year increase [1][2] - AI-driven new business revenue, including intelligent cloud services, surpassed 10 billion RMB for the first time, growing 34% year-over-year, indicating strong growth momentum [1][4] - The global ride-hailing service "Luobo Kuaipao" recorded over 2.2 million service instances in Q2, a 148% increase year-over-year, positioning it as the world's leading service [1][7] Financial Performance - Total revenues for Q2 2025 were 32.7 billion RMB, a 4% decrease from Q1 2025 but a 1% increase quarter-over-quarter [2] - Operating income was 3.3 billion RMB, down 45% year-over-year, while net income to Baidu was 7.3 billion RMB, reflecting a 33% increase year-over-year [2] - Baidu's core revenue for Q2 2025 was 26.3 billion RMB, a slight decrease of 2% year-over-year, with net income to Baidu Core at 7.4 billion RMB, up 35% year-over-year [2] AI Business Growth - Baidu's online marketing revenue fell to 16.2 billion RMB, a 15% year-over-year decline, highlighting ongoing challenges in the advertising sector [4] - Non-online marketing revenue reached 10 billion RMB, a 34% increase year-over-year, driven by growth in AI cloud services [4] - Baidu's intelligent cloud holds a 24.6% market share in China's AI public cloud service market, maintaining its position as the market leader for six consecutive years [5] Strategic Developments - Baidu is accelerating its AI transformation in search, with AI-generated content in mobile search results increasing from 35% to 64% in just a few months [5] - The company has launched the Wenxin large model 4.5 series, enhancing capabilities in multi-modal understanding and logical reasoning [4][5] - Baidu's partnerships with Uber and Lyft aim to deploy autonomous vehicles in Asia, the Middle East, and Europe, enhancing the global reach of its ride-hailing service [7][8] Market Outlook - The global Robotaxi market is projected to reach $40 to $45.7 billion by 2030, with a compound annual growth rate exceeding 60% [8] - Baidu's collaborations with major ride-hailing platforms are expected to accelerate its global expansion and reshape the Robotaxi market landscape [8]