On Tuesday, Baidu released its financial results for the third quarter of 2025, reporting total revenue of RMB 31.2 billion ($4.37 billion). Adjusted net profit reached RMB 3.77 billion ($52.78 million), down 35.9% year-on-year. However, the company’s AI business showed strong performance, with its first disclosed AI revenue growing over 50% year-on-year to nearly RMB 10 billion ($1.4 billion). Meanwhile, Luobo Kuaipao recorded 3.1 million global rides in Q3, a year-on-year increase of 212%. As of November, the service has provided over 17 million rides worldwide, according to the company. Baidu CEO Robin Li stated that the company will continue to expand AI innovations to create significant value for users, enterprises, and society. [Icsmart, in Chinese]
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