Baidu Inc. announced its first quarter 2025 financial results, reporting total revenues of RMB32.5 billion ($4.5 billion), marking a 3% increase year over year but a 5% decrease compared to the previous quarter. The company's net income attributable to Baidu was RMB7.7 billion ($1.06 billion), a 42% increase year over year and a 49% increase from the previous quarter. Baidu's diluted earnings per ADS were RMB21.59 ($2.98). Baidu Core revenue grew by 7% year over year, driven by the AI Cloud segment, which surged 42% compared to the same period last year. This growth indicates strong market recognition of Baidu's capabilities in providing comprehensive AI solutions. Furthermore, Baidu's robotaxi business achieved a significant milestone by expanding its Apollo Go service internationally to Dubai and Abu Dhabi, enhancing its commitment to offering autonomous ride-hailing services globally.
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