Baidu, INC 20-F annual reports

The annual report filed by foreign private issuers listed on a US exchange — the 10-K’s equivalent for non-US companies.

NASDAQ
Baidu, Inc. reported a 3% decrease in total revenue for 2025, reaching RMB129.1 billion, and an operating loss of RMB5.8 billion, primarily due to a significant impairment charge and a decline in online marketing services.
NASDAQ
Baidu's 2024 annual report reveals a slight revenue decrease, offset by growth in AI cloud services, while the company continues to invest heavily in AI technologies.
NASDAQ
Baidu's 2023 annual report highlights revenue growth driven by online marketing and AI initiatives, alongside significant investments in foundation models and generative AI.