Baidu’s Q4 2024 financial report reveals a total revenue of 34,124 million yuan, a 2% decrease compared to the same quarter last year, with a net profit of 5,192 million yuan according to GAAP accounting standards.
Robin Li, CEO and founder of Baidu, emphasized the significance of 2024 as a pivotal year for the company’s transition from being internet-centric to AI-First era. The AI Cloud business witnessed a remarkable growth from comprehensive AI services offered by the company, while the mobile app business also benefitted from AI integration.
Baidu’s AI Cloud business saw a revenue increase of 26% compared to the previous year, which offset the stable revenue from the company’s core online business.
Other notable figures from the report include:
– Baidu’s AI model ERNIE had 1.65 billion API calls per day in December 2024.
– Apollo Go autonomous vehicles completed 1.1 million trips in the last quarter.
– Baidu’s smartphone app had 679 million users.
– iQIYI’s revenue was 6.6 billion yuan, a 14% decrease.
Source: Baidu
TLDR: Baidu’s Q4 2024 report shows a slight revenue decline, emphasizing the company’s shift towards an AI-first approach and the growth of its AI Cloud business, alongside key figures like ERNIE API calls and iQIYI revenue.
Leave a Comment