On the evening of February 22nd, Baidu released its results for the Q4 quarter and 2022. The total revenue of Q4 was 33.077 billion yuan, which was basically the same as the same period last year, up 1.65% from the previous year. The net profit attributed to Baidu was 4.953 billion yuan, up 189% from the same period last year.

In the fourth quarter of 2022, Baidu's self-driving service, radish express, supplied 561000 self-driving orders, an increase of 162 per cent year-on-year.

Baidu APP had 648 million monthly active users in December, up 4 per cent from a year earlier.

Revenue from hosting pages accounted for 45% of Baidu's core business online marketing revenue in the fourth quarter of 2022. Revenue from hosting pages accounted for 48% of total online marketing revenue in 2022, up from about 40% last year.

Iqiyi's average daily total number of subscribers was 111.6 million in the current quarter, compared with 97 million in the fourth quarter of 2021 and 101 million in the third quarter of 2022.

In 2022, Baidu's total revenue was 123.675 billion yuan and operating profit was 15.911 billion yuan, an increase of 51% over the same period last year.The net profit attributed to Baidu was 7.559 billion yuan, compared with 20.68 billion yuan under non-GAAP rules, up 10% from a year earlier.

Robin Li, founder, chairman and CEO of Baidu, said that & ldquo; 2022 is a challenging year, and Baidu uses this time to prepare for a better era.

For 2023, the path for Baidu's core income to resume accelerated growth has been clear, and we will take full advantage of the opportunities brought about by China's economic recovery. & rdquo

For 2023, the path for Baidu's core income to resume accelerated growth has been clear, and we will take full advantage of the opportunities brought about by China's economic recovery. & rdquo

& ldquo; with its long-term investment in AI Baidu will seize the coming AI inflection point and open up new opportunities for our entire business portfolio & mdash;— from mobile ecology to smart cloud autopilot smart hardware and so on. & rdquoLi also announced that Baidu will launch its own generative AI product, ERNIE Bot, in March, and plans to integrate a number of mainstream businesses with Wenxin.

Li Yanhong said: & ldquo; China's AI market is about to usher in explosive demand growth, the release of its business value will be unprecedented and exponential.As the best representative of the long-term growth of China's artificial intelligence market, Baidu is standing at the top of the wave. & rdquo