China-based web search service supplier Baidu, Inc. (NASDAQ: BIDU) reported a pointy fall in adjusted earnings for the third quarter of fiscal 2025, damage by a decline in revenues.
- Whole revenues have been RMB31.2 billion ($4.38 billion) within the third quarter, down 7% from the prior-year interval
- Income from Baidu Core decreased 7% 12 months over 12 months, and iQIYI income declined 8% in Q3
- The corporate reported a internet lack of RMB11.2 billion ($1.58 billion) for Q3, in comparison with internet revenue of RMB7.63 billion in Q3 2024
- Loss per ADS was RMB33.88 ($4.76) in Q3, vs. earnings of RMB21.60 per ADS in Q3 2024
- On an adjusted foundation, Q3 FY25 earnings have been RMB3.77 billion ($530 million); adjusted earnings per ADS have been RMB11.12 ($1.56)
- Third-quarter adjusted EBITDA was RMB4.43 billion ($622 million); adjusted EBITDA margin got here in at 14%
- On the finish of September 2025, Baidu App’s MAUs totaled 708 million, which is up 1% from the prior-year interval
- Value of revenues elevated 12% year-over-year to RMB18.3 billion ($2.57 billion) in Q3, primarily resulting from a rise in prices associated to the AI Cloud enterprise and content material prices
