Operations¹
As of August 17, 2026
Q1 Revenue
↓ 1.16% YoY
¥32.07B
Divisions
Baidu General Business
80.7%
iQIYI
19.3%
Key Earnings Driver
AI Cloud Infra Baidu General Business revenue increased 2% year over year to RMB26.0B. Within Baidu General Business, AI Cloud Infra revenue increased 79% to RMB8.8B, and GPU cloud revenue within AI Cloud Infra increased 184%. Management attributed AI Cloud Infra growth primarily to strong demand from enterprise customers. iQIYI revenue declined 14% to RMB6.2B.
Key Operating Metrics²
METRIC
STATUS
Baidu General Business
AI Cloud Infra
🟢 Scaling
iQIYI
🟡 Watch
Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.
Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.