BIDU-SW (09888) opened over 2% higher following its earnings release. As of press time, the stock rose 2.24% to HK$113.9, with a turnover of HK$48.94 million.

The company reported its Q3 2025 financial results on November 18, showing total revenue of RMB31.2 billion, with core revenue reaching RMB24.7 billion. Notably, Baidu disclosed its AI business revenue for the first time, which grew over 50% year-over-year.

Breakdowns include: AI cloud revenue up 33% YoY, AI application revenue at RMB2.6 billion, and AI-native marketing service revenue surging 262% YoY to RMB2.8 billion.

Baidu's autonomous ride-hailing service, Apollo Go, completed 3.1 million fully driverless orders in Q3 2025, accelerating growth to 212% YoY from 148% in the previous quarter. In October 2025, Apollo Go averaged over 250,000 weekly fully autonomous orders. As of November 2025, cumulative autonomous ride-hailing orders exceeded 17 million.