Baidu's AI Revenue Reaches 9.6 Billion Yuan in Q3, Up 50% YoY; Luobo Kuaipao Trip Volume Doubles
Baidu's total revenue in the third quarter reached 31.2 billion yuan, down 7% YoY, but its AI business, which was disclosed independently for the first time, achieved high growth: Infrastructure of Intelligent Cloud at 4.2 billion yuan (+33%), AI applications at 2.6 billion yuan (+6%), and AI-native marketing at 2.8 billion yuan (+262%). The three segments totaled 9.6 billion yuan, up over 50% YoY, effectively offsetting a 18% decline in online marketing revenue. The autonomous driving platform Luobo Kuaipao had 3.1 million orders in the quarter, up 212%, covering 22 cities, with a total mileage exceeding 240 million kilometers. Li Yanhong said starting from 2025