Baidu reported mixed fourth-quarter 2025 financial results, featuring an earnings beat alongside a year-over-year revenue decline.
Adjusted earnings reached RMB 10.62 per share, surpassing the average analyst estimate of RMB 9.69. Total revenue fell 4.1% year-over-year to RMB 32.74 billion.
The company authorized a new $5 billion share repurchase program effective through December 2028. Baidu also adopted its first-ever dividend policy to return capital to shareholders.
Baidu shares declined in pre-market trading despite the profit beat and the launch of major capital return initiatives.