Baidu Inc

09888: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Baidu Earnings: Results Beat; Kunlunxin on Track for IPO in Hong Kong in Second Half

Chelsey Tam

May 19, 2026

In the first quarter, Baidu's non-GAAP EBIT fell 29% year on year due to a decline in the search business but grew 28% sequentially to CNY 3.8 billion thanks to acceleration in the artificial intelligence-powered businesses. Baidu thinks Kunlunxin is on track to list in Hong Kong by August.

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Baidu Inc

Baidu Earnings: Results Beat; Kunlunxin on Track for IPO in Hong Kong in Second Half

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