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Baidu Beats Q1 Revenue Estimates on 49% Cloud and AI Growth

GateNews
StocksAI Industry News
BAIDU-5.55%

According to Bloomberg, Baidu reported first-quarter 2026 revenue of 32.1 billion yuan (US$4.72 billion), surpassing analysts’ 31.4 billion yuan estimate. Cloud, AI applications, and robotaxi revenue rose 49% to 13.6 billion yuan, while online advertising revenue declined to 12.6 billion yuan from 16 billion yuan year-over-year. US-listed Baidu shares gained more than 3% before market open, as investors tracked growing AI-related cloud demand across China.

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