Baidu reported its first-quarter 2026 financial results, marking a major strategic pivot. Core AI-powered business revenue exceeded 50% of general business revenue for the first time.
The AI segment generated RMB 13.6 billion in revenue. This figure represents a 49% increase year-over-year. AI Cloud Infrastructure drove the segment with 79% growth.
Overall revenue declined for the fourth consecutive quarter. Net profit fell 55% compared to the previous year.
Baidu’s Nasdaq-listed shares climbed 3.5% in premarket trading following the announcement.