Business Segments Baidu, Inc.

Equities

Real-time Estimate Cboe BZX Other stock markets 17:11:29 13/05/2026 BST			5-day change	1st Jan Change
149.16 ^USD	+6.59%		+6.55%	+14.65%

05-08	Baidu Unit Kunlunxin Eyes Dual IPO in Shanghai, Hong Kong	MT
05-08	Baidu Chip Unit Kunlunxin Seeks Additional Listing in Shanghai	MT

Breakdown by Business Segment (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
Online Services
Baidu General Business	95.16B	95.43B	103B	105B	102B
Interest Expense	-	-	-	-	-
Income Tax Expense	3.09B	2.49B	3.57B	4.39B	1.12B
EBT	16.94B	10.08B	23.12B	27.79B	6.78B
Operating Income	15.14B	14.53B	18.82B	19.48B	-6.04B
Net Income	13.56B	7.55B	19.4B	23.43B	5.69B
Transaction Services	-	-	-	-	-
Operating Income	-	-	-	-	-
Search Services	-	-	-	-	-
Operating Income	-	-	-	-	-
Entertainment Venues
iQIYI	30.55B	29B	31.87B	29.22B	27.29B
Interest Expense	-	-	-	-	-
Income Tax Expense	97M	84M	81M	61M	144M
EBT	-6.01B	-34M	2.03B	852M	-60M
Operating Income	-4.48B	1.31B	2.99B	1.81B	229M
Net Income	-6.17B	-136M	1.92B	764M	-207M
Eliminations & Adjustments	-1.22B	-754M	-740M	-812M	-696M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
EBT	-145M	65M	42M	-19M	-8M
Operating Income	-145M	65M	42M	-19M	-8M
Net Income	2.84B	144M	-1.01B	-435M	105M
Operating Income	-	-	-	-	-

Geographical breakdown of sales (CNY)

Fiscal Period: December	2021	2022	2023	2024	2025
People's Republic of China (PRC)	124B	124B	135B	133B	129B
Total Assets	380B	391B	407B	428B	449B
Interest Expense	-3.42B	-2.91B	-3.25B	-2.82B	-2.78B
Income Tax Expense	3.19B	2.58B	3.65B	4.45B	1.26B
D&A	16.13B	14.46B	14.91B	14.63B	14.44B
CAPEX	-11.24B	-8.39B	-11.19B	-8.13B	-12.07B
Net Income	10.23B	7.56B	20.32B	23.76B	5.59B
EBT	10.78B	10.11B	25.2B	28.62B	6.72B
Operating Income	10.52B	15.91B	21.86B	21.27B	-5.82B
Foreign	-	-	-	-	-