Baidu’s revenues down 4% in Q2

Beijing, 18th August: Earlier this week, Baidu, the leading Chinese language Internet search provider, announced its financial results for the quarter ended 30th June 2026. Revenues for the quarter were US$4.6 billion, down 4% from the second quarter of 2025. The company posted a profit decline of 68% year-on-year, down to US$342 million in the quarter.

Baidu General Business generated revenues of US$3.7 billion in the quarter, decreased by 4% year-on-year. While revenues from iQIYI were US$927 million, representing a decline of 5% from the second quarter of 2025.

Baidu also released its financial results for the six months ended 30th June. Revenues in the first half of the year were US$9.3 billion, dropped by 2.7% year-on-year. Profit in the six-month period decreased by 62%, amounting at US$850 million. Diluted earnings per share in the first half of 2026 were RMB 1.81 (US$0.27).

Robin Li, Co-founder and CEO of Baidu, was quoted, “With AI-powered Business now firmly established as the core of Baidu, we are strengthening the foundations for our next phase of AI-driven growth. AI Cloud Infra sustained strong momentum this quarter, with GPU Cloud growth accelerating further off an already high base. Our AI Applications portfolio also continued to flourish, with stronger capabilities and increasingly diverse use cases. Apollo Go made steady progress with its global expansion, while further strengthening its safety and operational capabilities and enhancing the rider experience. While our online marketing business remains under pressure, the growing momentum in our core AI-powered Business reaffirms Baidu’s transition from an internet-centric company to an AI-first company, and strengthens our confidence in our long-term growth potential.”