Baidu Q1 revenue reached 32.08 billion yuan, with AI new business income up 49% year-on-year | Earnings Report Highlights

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Baidu Group's first quarter revenue was 32.08 billion RMB, estimated at 31.49 billion RMB.

First quarter results: revenue of 32.08 billion RMB, estimated at 31.49 billion RMB (Bloomberg consensus estimate)

Baidu's general business income: 26.00 billion RMB; iQIYI income: 6.23 billion RMB, estimated at 6.43 billion RMB

Baidu Core AI new business income: 13.6 billion RMB, up 49% year-on-year

Adjusted profit per ADS: 12.06 RMB, estimated at 11.84 RMB

Adjusted operating profit: 3.81 billion RMB, estimated at 3.34 billion RMB

Adjusted EBITDA: 5.95 billion RMB, estimated at 5.23 billion RMB

Total cash and investments: 279.3 billion RMB; adjusted Baidu general business operating profit: 3.95 billion RMB

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