Xin Lang Cai Jing·2026-02-26 09:23Core Insights - Baidu Group reported fourth-quarter revenue of 32.74 billion RMB, a quarter-over-quarter increase of 5%, slightly above market expectations of 32.66 billion RMB [1] - The company stated that its non-GAAP net profit for the fourth quarter was 3.9 billion RMB [1] - By the fourth quarter of 2025, revenue from intelligent cloud infrastructure is projected to reach 5.8 billion RMB, with subscription revenue from AI high-performance computing facilities increasing by 143% year-over-year [1] Financial Performance - The non-GAAP net profit margin for Baidu in the fourth quarter was 12% [1] - The diluted earnings per American Depositary Share (ADS) under non-GAAP were 10.62 RMB (1.52 USD) [1] - Adjusted EBITDA for the fourth quarter was 4.7 billion RMB (676 million USD), with an adjusted EBITDA margin of 14% [1]