百度2025财报背后的深意:当AI从“新故事”变成“新底座”

产业深观
Feb 27

如果说过去几年,市场对百度的关注还停留在“能否讲好AI故事”的质疑层面,那么刚刚发布的百度2025年第四季度及全年财报,或许提供了一个全新的观察视角:当AI业务开始从集团的“增长引擎”演变为“生存底座”,这家老牌互联网巨头正在经历怎样一场脱胎换骨的改造?2月26日,百度交出了一份看似矛盾、实则充满转折意味的成绩单。2025年全年营收1291亿元,归属百度的净利润(非美国通用会计准则)为189亿元。...

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