Financial Modeling Prep·2026-02-26 22:40Core Insights - Baidu reported fourth-quarter results that met revenue expectations while exceeding earnings forecasts, although shares fell approximately 6% intra-day on Thursday [1] Financial Performance - The company posted adjusted earnings per American Depositary Share (ADS) of RMB10.62, surpassing the consensus estimate of RMB9.65 [2] - Quarterly revenue reached RMB32.7 billion ($4.68 billion), reflecting a 5% sequential increase and closely aligning with the consensus forecast of RMB32.64 billion [2] - Adjusted operating income for the quarter was RMB3.0 billion ($424 million), resulting in an adjusted operating margin of 9% [4] - Adjusted EBITDA amounted to RMB4.7 billion ($676 million), indicating a 14% adjusted EBITDA margin [4] AI Segment Performance - Revenue from AI Cloud Infrastructure hit RMB5.8 billion in the fourth quarter, with subscription-based revenue linked to AI accelerator infrastructure soaring 143% year over year [3] - AI Applications generated RMB2.7 billion in revenue during the quarter, with full-year 2025 revenue from this segment exceeding RMB10 billion [3]