The earnings call reflects a positive sentiment driven by strong growth in AI Cloud and ERNIE's performance, along with significant advancements in autonomous driving and AI-powered search. However, these achievements are partially offset by declines in online marketing and iQIYI revenues, as well as lower operating income due to one-time losses.

Company Guidance

During Baidu's fourth quarter and fiscal year 2024 earnings call, the company provided several key metrics and strategic insights. Baidu's core total revenue for Q4 increased slightly year-over-year to RMB27.7 billion. The AI Cloud business demonstrated robust momentum with a 26% revenue growth year-over-year, offsetting the softness in the online marketing business. ERNIE, Baidu's AI model, handled approximately 1.65 billion API calls daily in December, with external API calls growing 178% quarter-over-quarter. Baidu's autonomous ride-hailing service, Apollo Go, provided approximately 1.1 million rides in Q4, marking a 36% increase year-over-year, and achieved 100% fully driverless operations nationwide. Baidu's AI innovations, particularly in areas like the AI Cloud and autonomous driving, were highlighted as areas of strategic focus, with plans to further invest in these technologies to maintain leadership in the AI sector. The company also indicated a commitment to accelerating its buyback program, having repurchased over $1 billion since the beginning of 2024.

AI Cloud Revenue Growth

AI Cloud business revenue grew 26% year-over-year in Q4 2024, contributing to a full year revenue growth of 17%. GenAI-related revenue nearly tripled year-over-year in 2024.

ERNIE's Strong Performance

ERNIE handled approximately 1.65 billion API calls daily in December 2024, with external API calls growing 178% quarter-over-quarter.

Apollo Go Expansion

Apollo Go provided approximately 1.1 million rides in Q4 2024, marking a 36% year-over-year growth. It also achieved 100% fully driverless operations nationwide.

Search Transformation

AI-generated content appeared in 22% of search result pages, with improved user metrics and a 2% year-over-year increase in daily search queries per user in December 2024.

Baidu Wenku Growth

Wenku's subscription revenue grew 21% year-over-year, with nearly doubling of monthly active users for AI-enabled features quarter-over-quarter.

---

Baidu (BIDU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BIDU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 20, 2025	2025 (Q1)	2.02 / -	19.91	―	―	―
Feb 18, 2025	2024 (Q4)	1.98 / 2.64	3.014	-12.26% (-0.37)	―
Nov 21, 2024	2024 (Q3)	2.41 / 2.29	2.812	-18.63% (-0.52)	―
Aug 22, 2024	2024 (Q2)	2.55 / 2.90	3.109	-6.78% (-0.21)	―
May 16, 2024	2024 (Q1)	2.20 / 2.74	2.219	23.66% (+0.53)	―
Feb 28, 2024	2023 (Q4)	2.44 / 3.01	2.102	43.34% (+0.91)	―
Nov 21, 2023	2023 (Q3)	2.38 / 2.81	2.326	20.92% (+0.49)	―
Aug 22, 2023	2023 (Q2)	2.32 / 3.11	2.177	42.81% (+0.93)	―
May 16, 2023	2023 (Q1)	1.69 / 2.22	1.547	43.49% (+0.67)	―
Feb 22, 2023	2022 (Q4)	1.91 / 2.10	1.599	31.47% (+0.50)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

BIDU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2025	$97.48	$90.16	-7.51%
Nov 21, 2024	$86.75	$81.63	-5.90%
Aug 22, 2024	$89.74	$85.79	-4.40%
May 16, 2024	$110.75	$112.59	+1.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---