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Baidu Announces Fourth Quarter and Fiscal Year 2025 Results

By
Advertorial Desk
-

BEIJING, Feb. 26, 2026 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the quarter and fiscal year ended December 31, 2025.

“2025 marked a pivotal year as AI became the new core of Baidu. AI Cloud Infra gained strong momentum, with our differentiated full-stack end-to-end AI capabilities earning growing enterprise recognition. Our portfolio of AI applications continued to scale, addressing diverse needs across enterprises and individuals. Apollo Go further reinforced its global leadership, operating at industry-leading scales while accelerating international expansion into new markets. Meanwhile, AI-native Marketing Services continued to grow, unlocking new possibilities for the long term,” said Robin Li, Co-founder and CEO of Baidu. “As our AI-first strategy takes clear shape, we’re confident in our ability to create lasting value in the AI era.”

“We delivered several key achievements this quarter. First, revenue from Baidu Core AI-powered Business[1] exceeded RMB 11 billion in Q4, accounting for 43% of Baidu General Business[2] revenue. Second, total revenue of Baidu General Business grew 6% sequentially and Non-GAAP operating income of Baidu General Business increased 28% quarter over quarter to RMB 2.8 billion. Third, operating cash flow for Baidu turned positive in the second half of 2025, generating RMB 3.9 billion combined, compared to negative cash flow in the first half. Fourth, the Kunlunxin spin-off and separate listing is progressing, which we believe will unlock significant value for shareholders. Finally, we announced a new share repurchase program with up to US$5 billion authorization and introduced our first-ever dividend policy, with the first payment potentially to be made by year-end 2026.” said Haijian He, CFO of Baidu.

Operational Highlights[1]

The following table sets forth selected revenue highlights for our Baidu Core AI-powered Business for the periods indicated:

Q3  

Q4  

FY  

FY  

(In billions)

2025

2025

2024

2025

YoY

RMB

RMB

RMB

RMB

Baidu Core AI-powered Business

9.6

11.3

27.0

40.0

48 %

– AI Cloud Infra

4.2

5.8

14.8

19.8

34 %

– AI Applications

2.6

2.7

9.8

10.2

5 %

– AI-native Marketing Services

2.8

2.7

2.4

9.8

301 %

% of Baidu General Business

39 %

43 %

26 %

39 %

Corporate

  • Baidu’s Board of Directors has authorized a new share repurchase program in February 2026, under which the Company may repurchase up to US$5 billion of its shares, effective through December 31, 2028. The Board has also approved, for the first time, the adoption of a dividend policy for the Company’s ordinary shares, which may include regular and/or special distributions of dividends.
  • Baidu announced its proposed spin-off and separate listing of Kunlunxin in January 2026.
  • Baidu released an updated version of ERNIE 5.0, its native omni-modal foundation model in January 2026.
  • Baidu earned a position in the global edition of the S&P Global Sustainability Yearbook 2026, demonstrating its further advancement in ESG performance. The selection stems from a comprehensive evaluation of 9,200 companies globally as part of the S&P Global 2025 Corporate Sustainability Assessment, underscoring Baidu’s sustainability practices.

Baidu Core AI-powered Business

AI Cloud Infra

  • Revenue from AI Cloud Infra was RMB 5.8 billion in the fourth quarter of 2025, with subscription-based revenue from AI accelerator infrastructure increasing by 143% year over year.
  • Revenue from AI Cloud Infra was approximately RMB 20 billion for the full year 2025, up 34% year over year.

AI Applications

  • Revenue from AI Applications was RMB 2.7 billion in the fourth quarter of 2025, with full year 2025 revenue exceeding RMB 10 billion.
  • Miaoda, Baidu’s vibe coding platform, demonstrates industry-leading performance in platform capabilities and application quality, according to IDC’s 2025 China No-Code Generative AI Application Development Platform Report, issued in November 2025.
  • Baidu established the Personal Super Intelligence Business Group (PSIG), integrating Baidu Wenku and Baidu Drive to accelerate AI application innovation.

Robotaxi

  • In the fourth quarter of 2025, Apollo Go, Baidu’s autonomous ride-hailing service, delivered 3.4 million fully driverless operational rides with weekly rides peaking at over 300,000 during the quarter. Total rides increased by over 200% year over year. As of February 2026, cumulative rides provided to the public by Apollo Go exceeded 20 million.
  • Apollo Go accelerated its global footprint across multiple markets. In the UK, Apollo Go advanced partnerships with Uber and Lyft to pilot autonomous vehicles in London. In Switzerland, Apollo Go initiated testing in St. Gallen. In the Middle East, Apollo Go officially launched fully autonomous ride-hailing services in Abu Dhabi with AutoGo, secured Dubai‘s first fully driverless testing permit, and partnered with Uber to bring Apollo Go to the Uber platform in Dubai. In Asia, Apollo Go entered the South Korean market, starting with the Seoul metropolitan area. Apollo Go also expanded its Hong Kong testing into new districts and initiated cross-district testing.
  • As of February 2026, Apollo Go’s global footprint reached 26 cities. To date, Apollo Go fleets have accumulated over 300 million autonomous kilometers, including over 190 million fully driverless autonomous kilometers, with an outstanding safety record.

AI-native Marketing Services

  • Revenue from AI-native marketing services reached RMB 2.7 billion in the fourth quarter of 2025, up 110% year over year.
  • Baidu App’s MAUs reached 679 million in December 2025, remaining flat year over year.
  • ERNIE Assistant’s MAU reached 202 million in December 2025.

[1] The revenue and operational data presented are derived from the Company’s internal management accounts and records, which have not been audited.

[2] Starting this quarter, we redefined Baidu Core as Baidu General Business. Baidu General Business includes Baidu Core AI-powered Business, Legacy Business, and Others. Legacy Business mainly consists of traditional advertising services across Search, Feed and other properties. Fourth quarter 2025 revenues from Baidu Core AI-powered Business, Legacy Business, and Others were RMB 11.3 billion, RMB 12.3 billion, and RMB 2.5 billion, respectively, derived from the Company’s internal management accounts and records, which have not been audited.

Fourth Quarter 2025 Financial Results for Baidu[3],[4],[5]

Total revenues were RMB32.7 billion ($4.68 billion), increasing 5% quarter over quarter, primarily due to an increase in Baidu Core AI-powered Business.

Cost of revenues was RMB18.3 billion ($2.61 billion), which remained flat quarter over quarter.

Selling, general and administrative expenses were RMB7.4 billion ($1.06 billion), increasing 12% quarter over quarter, primarily due to an increase in expected credit losses.

Research and development expenses were RMB5.6 billion ($800 million), increasing 8% quarter over quarter, primarily due to one-time employee severance costs to improve efficiency.

Operating income was RMB1.5 billion ($212 million) and operating margin was 5%. Non-GAAP operating income was RMB3.0 billion ($424 million) and non-GAAP operating margin was 9%.

Total other income, net was RMB1.2 billion ($178 million), compared to RMB1.9 billion last quarter.

Income tax expense was RMB1.0 billion ($147 million), compared to income tax benefit of RMB1.8 billion last quarter.

Net income attributable to Baidu was RMB1.8 billion ($255 million), net margin for Baidu was 5% and diluted earnings per ADS was RMB3.71 ($0.53). Non-GAAP net income attributable to Baidu was RMB3.9 billion ($559 million), non-GAAP net margin for Baidu was 12% and non-GAAP diluted earnings per ADS was RMB10.62 ($1.52).

Adjusted EBITDA was RMB4.7 billion ($676 million) and adjusted EBITDA margin was 14%.

We define total cash and investments as cash, cash equivalents, restricted cash, short-term investments, net, long-term time deposits and held-to-maturity investments, and adjusted long-term investments. As of December 31, 2025, total cash and investments were RMB294.1 billion ($42.06 billion). Operating cash flow was RMB2.6 billion ($373 million).

[3] Starting this quarter, we focused on the quarter-over-quarter fluctuation for the quarterly results to present a more meaningful perspective of our financial information.

[4] Unless otherwise noted, RMB to USD was converted at an exchange rate of RMB6.9931 as of December 31, 2025, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Translations are provided solely for the convenience of the reader.

[5] Non-GAAP measures are defined in the Non-GAAP Financial Measures section (see also “Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures” for more details).

Fiscal Year 2025 Results for Baidu[4],[5]

Total revenues were RMB129.1 billion ($18.46 billion), decreasing 3% year over year, primarily due to a decrease in Legacy Business, partially offset by an increase in Baidu Core AI-powered Business.

Cost of revenues was RMB72.4 billion ($10.36 billion), increasing 10% year over year, primarily due to an increase in costs related to Baidu Core AI-powered business.

Selling, general and administrative expenses were RMB25.8 billion ($3.70 billion), increasing 9% year over year, primarily due to an increase in channel spending expenses and expected credit losses.

Research and development expenses were RMB20.4 billion ($2.92 billion), decreasing 8% year over year, primarily due to a decrease in personnel-related expenses.

Impairment of long-lived assets was RMB16.2 billion ($2.32 billion), attributable to an impairment loss of Core asset group.

Operating loss was RMB5.8 billion ($833 million) and operating loss margin was 5%. Excluding impairment of long-lived assets, operating income was RMB10.4 billion ($1.48 billion). Non-GAAP operating income was RMB15.0 billion ($2.14 billion) and operating margin was 12%.

Total other income, net was RMB12.5 billion ($1.79 billion), compared to RMB7.4 billion in the same period last year.

Income tax expense was RMB1.3 billion ($180 million), compared to RMB4.4 billion in the same period last year.

Net income attributable to Baidu was RMB5.6 billion ($799 million), net margin for Baidu was 4% and diluted earnings per ADS was RMB11.78 ($1.68). Excluding the impact of impairment of long-lived assets, net income attributable to Baidu was RMB19.4 billion ($2.77 billion). Non-GAAP net income attributable to Baidu was RMB18.9 billion ($2.71 billion), non-GAAP net margin for Baidu was 15% and non-GAAP diluted earnings per ADS was RMB53.41 ($7.64).

Adjusted EBITDA was RMB22.9 billion ($3.27 billion) and adjusted EBITDA margin was 18%.

Operating cash flow was negative RMB3.0 billion (negative $431 million), which remained positive for the past two consecutive quarters.

For detailed financial information of Baidu General Business and iQIYI, please see the appended financial tables.

[4] Unless otherwise noted, RMB to USD was converted at an exchange rate of RMB6.9931 as of December 31, 2025, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Translations are provided solely for the convenience of the reader.

[5] Non-GAAP measures are defined in the Non-GAAP Financial Measures section (see also “Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures” for more details).

Conference Call Information

Baidu’s management will hold an earnings conference call at 7:30 AM on Feb 26, 2026, U.S. Eastern Time (8:30 PM on Feb 26, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q4 2025 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10052617-fv4jhm.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on NASDAQ under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

Non-GAAP Financial Measures

To supplement Baidu’s consolidated financial results presented in accordance with GAAP, Baidu uses the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributable to Baidu, non-GAAP net margin, non-GAAP diluted earnings per ADS, adjusted EBITDA, adjusted EBITDA margin, adjusted long-term investments and free cash flow. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.

Baidu believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain items that may not be indicative of its recurring core business operating results, such as operating performance excluding non-cash charges or non-operating in nature. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to Baidu’s historical performance and liquidity. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a significant component in the Company’s results of operations. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data.

Non-GAAP operating income represents operating income excluding share-based compensation expenses, amortization and impairment of intangible assets resulting from business combinations, impairment of long-lived assets, and one-time employee severance costs.

Non-GAAP net income attributable to Baidu represents net income attributable to Baidu excluding share-based compensation expenses, amortization and impairment of intangible assets resulting from business combinations, impairment of long-lived assets, one-time employee severance costs, disposal gain or loss, impairment of long-term investments, and fair value gain or loss of long-term investments and exchangeable bonds, adjusted for related income tax effects. Baidu’s share of equity method investments for these non-GAAP reconciling items, amortization and impairment of intangible assets not on the investees’ books, accretion of their redeemable non-controlling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per share, adjusted for related income tax effects, are also excluded.

Non-GAAP diluted earnings per ADS represents diluted earnings per ADS calculated by dividing non-GAAP net income attributable to Baidu, by the weighted average number of ordinary shares expressed in ADS. Adjusted EBITDA represents non-GAAP operating income excluding depreciation of fixed assets, and amortization of intangible assets excluding those resulting from business combinations. Adjusted long-term investments represent long-term investments, net, with publicly listed equity method investments adjusted to fair value based on quoted market prices.

For more information on non-GAAP financial measures, please see the tables captioned “Reconciliations of non-GAAP financial measures to the nearest comparable GAAP measure.”

 

Baidu, Inc. 

Condensed Consolidated Statements of  Income 

(In millions except for per share (or ADS) information, unaudited)

Three Months Ended

Twelve Months Ended

December 31,

September 30,

December 31,

December 31,

December 31,

December 31,

December 31,

2024

2025

2025

2025

2024

2025

2025

RMB

RMB

RMB

US$(2)

RMB

RMB

US$(2)

Revenue

34,124

31,174

32,740

4,682

133,125

129,079

18,458

Costs and expenses:

Cost of revenue(1)

18,014

18,315

18,277

2,614

66,102

72,436

10,358

Selling, general and administrative(1)

6,678

6,581

7,389

1,056

23,620

25,843

3,696

Research and development(1)

5,515

5,179

5,591

800

22,133

20,433

2,922

Impairment of long-lived assets

–

16,190

–

–

–

16,190

2,315

Total costs and expenses

30,207

46,265

31,257

4,470

111,855

134,902

19,291

Operating income (loss)

3,917

(15,091)

1,483

212

21,270

(5,823)

(833)

Other income:

Interest income

2,001

1,930

2,051

293

7,962

8,602

1,230

Interest expense

(643)

(631)

(651)

(93)

(2,824)

(2,784)

(398)

Foreign exchange gain (loss), net

1,678

(357)

(1,054)

(151)

1,076

(2,242)

(321)

Share of earnings (losses) from equity method investments

(399)

735

1,193

171

(691)

3,196

457

Others, net

23

269

(296)

(42)

1,829

5,767

825

Total other income, net

2,660

1,946

1,243

178

7,352

12,539

1,793

Income (loss) before income taxes

6,577

(13,145)

2,726

390

28,622

6,716

960

Income tax expense (benefit)

1,619

(1,828)

1,029

147

4,447

1,259

180

Net income (loss)

4,958

(11,317)

1,697

243

24,175

5,457

780

Net income (loss) attributable to noncontrolling interests

(234)

(85)

(85)

(12)

415

(132)

(19)

Net income (loss) attributable to Baidu

5,192

(11,232)

1,782

255

23,760

5,589

799

Earnings (loss) per ADS (1 ADS representing 8 Class A ordinary shares):

 -Basic

14.41

(33.88)

4.48

0.64

66.40

13.67

1.95

 -Diluted

14.26

(33.88)

3.71

0.53

65.91

11.78

1.68

Earnings (loss) per share for Class A and Class B ordinary shares:

 -Basic

1.80

(4.23)

0.56

0.08

8.31

1.71

0.24

 -Diluted

1.78

(4.23)

0.46

0.07

8.24

1.47

0.21

Weighted average number of Class A and Class B ordinary shares outstanding (in millions):

 -Basic 

2,775

2,713

2,721

2,721

2,790

2,726

2,726

 -Diluted

2,783

2,713

2,758

2,758

2,798

2,744

2,744

(1) Includes share-based compensation expenses as follows:

 Cost of revenue 

103

113

79

11

461

389

56

 Selling, general and administrative 

297

340

252

36

1,427

1,181

169

 Research and development 

685

591

398

58

2,896

2,035

292

 Total share-based compensation expenses 

1,085

1,044

729

105

4,784

3,605

517

(2) All translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025 as set forth in the H.10

statistical release of The Board of Governors of the Federal Reserve System.

 

 

Baidu, Inc. 

Condensed Consolidated Balance Sheets

(In millions, unaudited)

December 31,

December 31,

December 31,

2024

2025

2025

RMB

RMB

US$

ASSETS

Current assets:

Cash and cash equivalents

24,832

24,606

3,519

Restricted cash

11,697

225

32

Short-term investments, net

102,608

90,661

12,964

Accounts receivable, net

10,104

12,972

1,855

Amounts due from related parties

790

761

109

Other current assets, net

18,818

22,745

3,253

Total current assets

168,849

151,970

21,732

Non-current assets:

Fixed assets, net

30,102

26,281

3,758

Licensed copyrights, net

6,930

5,963

853

Produced content, net

14,695

14,575

2,084

Intangible assets, net

772

3,891

556

Goodwill

22,586

36,783

5,260

Long-term investments, net

41,721

44,918

6,423

Long-term time deposits and held-to-maturity investments

98,535

123,862

17,712

Amounts due from related parties

137

167

24

Deferred tax assets, net

2,193

4,582

655

Operating lease right-of-use assets

10,898

8,610

1,231

Receivables related to the proposed acquisition of YY Live, net

13,547

–

–

Other non-current assets

16,815

27,555

3,941

Total non-current assets

258,931

297,187

42,497

Total assets

427,780

449,157

64,229

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY

Current liabilities:

Short-term loans

10,669

7,626

1,091

Accounts payable and accrued liabilities

41,443

38,891

5,561

Customer deposits and deferred revenue

14,624

13,051

1,866

Deferred income

684

531

76

Long-term loans, current portion

168

14,765

2,111

Convertible senior notes, current portion

242

1,459

209

Notes payable, current portion

8,026

4,560

652

Amounts due to related parties

1,794

1,988

284

Operating lease liabilities

3,303

3,457

494

Total current liabilities

80,953

86,328

12,344

Non-current liabilities:

Deferred income

231

198

28

Deferred revenue

585

723

103

Amounts due to related parties

56

36

5

Long-term loans

15,596

3,369

482

Notes payable

27,996

51,021

7,296

Convertible senior notes

8,351

6,712

960

Deferred tax liabilities

3,870

4,985

713

Operating lease liabilities

4,973

4,108

587

Other non-current liabilities

1,557

1,951

280

Total non-current liabilities

63,215

73,103

10,454

Total liabilities

144,168

159,431

22,798

Redeemable noncontrolling interests

9,870

13,166

1,883

Equity

Total Baidu shareholders’ equity

263,620

266,330

38,085

Noncontrolling interests

10,122

10,230

1,463

Total equity

273,742

276,560

39,548

Total liabilities, redeemable noncontrolling interests, and equity

427,780

449,157

64,229

 

 

Baidu, Inc. 

Selected Information

(In millions, unaudited)

Three months ended

Three months ended

Three months ended

Three months ended

December 31, 2024 (RMB)

September 30, 2025 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Revenue

27,698

6,613

(187)

34,124

24,659

6,682

(167)

31,174

26,112

6,794

(166)

32,740

3,734

972

(24)

4,682

  YOY

(6 %)

3 %

(4 %)

  QOQ

6 %

2 %

5 %

Costs and expenses: 

  Cost of revenue(1)

13,180

4,995

(161)

18,014

12,996

5,467

(148)

18,315

13,042

5,376

(141)

18,277

1,865

769

(20)

2,614

  Selling, general and administrative(1)

5,816

882

(20)

6,678

5,677

925

(21)

6,581

6,455

946

(12)

7,389

923

135

(2)

1,056

  Research and development(1)

5,064

451

–

5,515

4,767

412

–

5,179

5,174

417

–

5,591

740

60

–

800

  Impairment of long-lived assets

–

–

–

–

16,190

–

–

16,190

–

–

–

–

–

–

–

–

Total costs and expenses 

24,060

6,328

(181)

30,207

39,630

6,804

(169)

46,265

24,671

6,739

(153)

31,257

3,528

964

(22)

4,470

  YOY 

  Cost of revenue

(1 %)

8 %

1 %

  Selling, general and administrative 

11 %

7 %

11 %

  Research and development 

2 %

(8 %)

1 %

  Impairment of long-lived assets

–

–

–

  Costs and expenses

3 %

6 %

3 %

  QOQ

  Cost of revenue

0 %

(2 %)

(0 %)

  Selling, general and administrative 

14 %

2 %

12 %

  Research and development 

9 %

1 %

8 %

  Impairment of long-lived assets

(100 %)

–

(100 %)

  Costs and expenses

(38 %)

(1 %)

(32 %)

Operating income (loss)

3,638

285

(6)

3,917

(14,971)

(122)

2

(15,091)

1,441

55

(13)

1,483

206

8

(2)

212

  YOY

(60 %)

(81 %)

(62 %)

  QOQ

–

–

–

Operating margin 

13 %

4 %

11 %

(61 %)

(2 %)

(48 %)

6 %

1 %

5 %

  Add: total other income (loss), net

3,125

(465)

–

2,660

2,031

(85)

–

1,946

1,270

(27)

–

1,243

182

(4)

–

178

  Less: income tax expense (benefit)

1,612

7

–

1,619

(1,868)

40

–

(1,828)

993

36

–

1,029

142

5

–

147

  Less: net income (loss) attributable to NCI

(132)

2

(104)(3)

(234)

49

2

(136)(3)

(85)

(79)

(2)

(4)(3)

(85)

(11)

–

(1)(3)

(12)

Net income (loss) attributable to Baidu

5,283

(189)

98

5,192

(11,121)

(249)

138

(11,232)

1,797

(6)

(9)

1,782

257

(1)

(1)

255

  YOY

(66 %)

(97 %)

(66 %)

  QOQ

–

(98 %)

–

Net margin 

19 %

(3 %)

15 %

(45 %)

(4 %)

(36 %)

7 %

(0 %)

5 %

Non-GAAP financial measures:

Operating income (loss) (non-GAAP)

4,647

406

5,047

2,225

(22)

2,205

2,837

143

2,967

406

20

424

  YOY

(39 %)

(65 %)

(41 %)

  QOQ

28 %

–

35 %

Operating margin (non-GAAP)

17 %

6 %

15 %

9 %

(0 %)

7 %

11 %

2 %

9 %

Net income (loss) attributable to Baidu (non-GAAP)

6,741

(59)

6,709

3,836

(148)

3,770

3,869

109

3,907

553

14

559

  YOY

(43 %)

–

(42 %)

  QOQ

1 %

–

4 %

Net margin (non-GAAP)

24 %

(1 %)

20 %

16 %

(2 %)

12 %

15 %

2 %

12 %

Adjusted EBITDA

6,516

444

6,954

4,398

30

4,429

4,544

196

4,727

650

28

676

  YOY

(30 %)

(56 %)

(32 %)

  QOQ

3 %

553 %

7 %

Adjusted EBITDA margin 

24 %

7 %

20 %

18 %

0 %

14 %

17 %

3 %

14 %

(1) Includes share-based compensation as follows:

 Cost of revenue 

74

29

103

83

30

113

56

23

79

8

3

11

 Selling, general and administrative 

240

57

297

304

36

340

219

33

252

31

5

36

 Research and development 

652

33

685

559

32

591

368

30

398

54

4

58

 Total share-based compensation 

966

119

1,085

946

98

1,044

643

86

729

93

12

105

(2) Relates to intersegment eliminations and adjustments

(3) Relates to the net income attributable to iQIYI noncontrolling interests

 

 

Baidu, Inc. 

Selected Information

(In millions except for per ADS information, unaudited)

Twelve months ended

Twelve months ended

Twelve months ended

December 31, 2024 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Revenue

104,712

29,225

(812)

133,125

102,485

27,290

(696)

129,079

14,655

3,902

(99)

18,458

  YOY

(2 %)

(7 %)

(3 %)

Costs and expenses: 

  Cost of revenue(1)

44,830

21,954

(682)

66,102

51,498

21,541

(603)

72,436

7,364

3,080

(86)

10,358

  Selling, general and administrative(1)

20,049

3,682

(111)

23,620

22,071

3,857

(85)

25,843

3,156

552

(12)

3,696

  Research and development(1)

20,355

1,778

–

22,133

18,770

1,663

–

20,433

2,684

238

–

2,922

  Impairment of long-lived assets

–

–

–

–

16,190

–

–

16,190

2,315

–

–

2,315

Total costs and expenses 

85,234

27,414

(793)

111,855

108,529

27,061

(688)

134,902

15,519

3,870

(98)

19,291

  YOY 

  Cost of revenue

15 %

(2 %)

10 %

  Selling, general and administrative 

10 %

5 %

9 %

  Research and development 

(8 %)

(6 %)

(8 %)

  Impairment of long-lived assets

–

–

–

  Cost and expenses

27 %

(1 %)

21 %

Operating income (loss)

19,478

1,811

(19)

21,270

(6,044)

229

(8)

(5,823)

(864)

32

(1)

(833)

  YOY

–

(87 %)

–

Operating margin 

19 %

6 %

16 %

(6 %)

1 %

(5 %)

  Add: total other income (loss), net

8,311

(959)

–

7,352

12,828

(289)

–

12,539

1,834

(41)

–

1,793

  Less: income tax expense

4,386

61

–

4,447

1,115

144

–

1,259

159

21

–

180

  Less: net income (loss) attributable to NCI

(28)

27

416(3)

415

(22)

3

(113)(3)

(132)

(3)

–

(16)(3)

(19)

Net income (loss) attributable to Baidu

23,431

764

(435)

23,760

5,691

(207)

105

5,589

814

(30)

15

799

  YOY

(76 %)

(127 %)

(76 %)

Net margin 

22 %

3 %

18 %

6 %

(1 %)

4 %

Non-GAAP financial measures:

Operating income (non-GAAP)

23,890

2,363

26,234

14,319

639

14,950

2,048

91

2,138

  YOY

(40 %)

(73 %)

(43 %)

Operating margin (non-GAAP)

23 %

8 %

20 %

14 %

2 %

12 %

Net income attributable to Baidu (non-GAAP)

26,335

1,512

27,002

18,827

280

18,941

2,692

39

2,709

  YOY

(29 %)

(81 %)

(30 %)

Net margin (non-GAAP)

25 %

5 %

20 %

18 %

1 %

15 %

Adjusted EBITDA

30,587

2,510

33,078

22,051

815

22,857

3,153

117

3,269

  YOY

(28 %)

(68 %)

(31 %)

Adjusted EBITDA margin 

29 %

9 %

25 %

22 %

3 %

18 %

(1) Includes share-based compensation as follows:

 Cost of revenue 

340

121

461

277

112

389

40

16

56

 Selling, general and administrative 

1,153

274

1,427

1,018

163

1,181

146

23

169

 Research and development 

2,746

150

2,896

1,908

127

2,035

273

19

292

 Total share-based compensation 

4,239

545

4,784

3,203

402

3,605

459

58

517

(2) Relates to intersegment eliminations and adjustments

(3) Relates to the net loss attributable to iQIYI noncontrolling interests

 

 

Baidu, Inc. 

Condensed Consolidated Statements of Cash Flows

(In millions,unaudited)

Three months ended

Three months ended

Three months ended

Three months ended

December 31, 2024 (RMB)

September 30, 2025 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

Net cash provided by (used in) operating

activities

1,836

520

2,356

1,523

(267)

1,256

2,562

47

2,609

366

7

373

Net cash provided by (used in) investing activities 

(4,741)

(896)

(5,637)

2,233

763

2,996

(17,439)

(947)

(18,386)

(2,494)

(135)

(2,629)

Net cash provided by (used in) financing activities

(1,784)

114

(1,670)

4,532

151

4,683

595

518

1,113

85

74

159

Effect of exchange rate changes on cash, cash

equivalents and restricted cash

582

61

643

(186)

(16)

(202)

(295)

(10)

(305)

(42)

(1)

(43)

Net increase (decrease) in cash, cash

equivalents and restricted cash 

(4,107)

(201)

(4,308)

8,102

631

8,733

(14,577)

(392)

(14,969)

(2,085)

(55)

(2,140)

Cash, cash equivalents and restricted cash

  At beginning of period

37,106

3,791

40,897

26,928

4,139

31,067

35,030

4,770

39,800

5,009

682

5,691

  At end of period

32,999

3,590

36,589

35,030

4,770

39,800

20,453

4,378

24,831

2,924

627

3,551

Net cash provided by (used in) operating

activities

1,836

520

2,356

1,523

(267)

1,256

2,562

47

2,609

366

7

373

Less: Capital expenditures

(2,312)

(21)

(2,333)

(3,378)

(23)

(3,401)

(1,952)

(20)

(1,972)

(279)

(3)

(282)

Free cash flow

(476)

499

23

(1,855)

(290)

(2,145)

610

27

637

87

4

91

Note: Baidu excl. iQIYI represents Baidu, Inc. minus iQIYI’s consolidated cash flows.

 

 

Baidu, Inc. 

Condensed Consolidated Statements of Cash Flows

(In millions,unaudited)

Twelve months ended

Twelve months ended

Twelve months ended

December 31, 2024 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

Net cash provided by (used in) operating

activities

19,126

2,108

21,234

(3,119)

106

(3,013)

(446)

15

(431)

Net cash used in investing activities 

(6,110)

(2,445)

(8,555)

(24,809)

(327)

(25,136)

(3,547)

(47)

(3,594)

Net cash provided by (used in) financing activities

(12,391)

(1,368)

(13,759)

16,078

1,064

17,142

2,299

152

2,451

Effect of exchange rate changes on cash, cash

equivalents and restricted cash

81

14

95

(696)

(55)

(751)

(101)

(6)

(107)

Net increase (decrease) in cash, cash

equivalents and restricted cash 

706

(1,691)

(985)

(12,546)

788

(11,758)

(1,795)

114

(1,681)

Cash, cash equivalents and restricted cash

  At beginning of period

32,293

5,281

37,574

32,999

3,590

36,589

4,719

513

5,232

  At end of period

32,999

3,590

36,589

20,453

4,378

24,831

2,924

627

3,551

Net cash provided by (used in) operating

activities

19,126

2,108

21,234

(3,119)

106

(3,013)

(446)

15

(431)

Less: Capital expenditures

(8,055)

(79)

(8,134)

(11,978)

(95)

(12,073)

(1,712)

(14)

(1,726)

Free cash flow

11,071

2,029

13,100

(15,097)

11

(15,086)

(2,158)

1

(2,157)

Note: Baidu excl. iQIYI represents Baidu, Inc. minus iQIYI’s consolidated cash flows.

 

 

Baidu, Inc. 

Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures  

(In millions except for per ADS information, unaudited)

Three months ended 

Three months ended 

Three months ended 

Three months ended 

December 31, 2024 (RMB)

September 30, 2025 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Operating income (loss)

3,638

285

3,917

(14,971)

(122)

(15,091)

1,441

55

1,483

206

8

212

Add: Share-based compensation expenses

966

119

1,085

946

98

1,044

643

86

729

93

12

105

Add: Amortization and impairment of intangible assets resulting from business combinations

43

2

45

60

2

62

45

2

47

6

–

6

Add: Impairment of long-lived assets

–

–

–

16,190

–

16,190

–

–

–

–

–

–

Add: One-time employee severance costs

–

–

–

–

–

–

708

–

708

101

–

101

Operating income (loss) (non-GAAP)

4,647

406

5,047

2,225

(22)

2,205

2,837

143

2,967

406

20

424

Add:  Depreciation of fixed assets and amortization of intangible assets(1)

1,869

38

1,907

2,173

52

2,224

1,707

53

1,760

244

8

252

Adjusted EBITDA

6,516

444

6,954

4,398

30

4,429

4,544

196

4,727

650

28

676

Net income (loss) attributable to Baidu

5,283

(189)

5,192

(11,121)

(249)

(11,232)

1,797

(6)

1,782

257

(1)

255

Add: Share-based compensation expenses

965

119

1,019

945

98

989

642

86

681

92

12

98

Add: Amortization and impairment of intangible assets resulting from business combinations

41

2

42

58

2

59

43

2

44

6

–

6

Add: Impairment of long-lived assets

–

–

–

16,190

–

16,190

–

–

–

–

–

–

Add: One-time employee severance costs

–

–

–

–

–

–

708

–

708

101

–

101

Add: Disposal loss (gain)

7

–

7

(101)

–

(101)

31

–

31

4

–

4

Add: Impairment of long-term investments

84

14

90

97

–

97

59

10

64

8

1

9

Add: Fair value loss (gain) of long-term investments and exchangeable bonds

(288)

(5)

(290)

279

1

279

923

17

931

132

2

133

Add: Reconciling items on equity method investments(2)

679

–

679

15

–

15

(431)

–

(431)

(62)

–

(62)

Add: Tax effects on non-GAAP adjustments(3)

(30)

–

(30)

(2,526)

–

(2,526)

97

–

97

15

–

15

Net income (loss) attributable to Baidu (non-GAAP)

6,741

(59)

6,709

3,836

(148)

3,770

3,869

109

3,907

553

14

559

Diluted earnings (loss) per ADS

14.26

(33.88)

3.71

0.53

Add:  Accretion of the redeemable noncontrolling interests

0.55

0.75

0.75

0.11

Add:  Non-GAAP adjustments to earnings per ADS

4.37

44.25

6.16

0.88

Diluted earnings per ADS (non-GAAP)

19.18

11.12

10.62

1.52

(1) This represents amortization of intangible assets excluding those resulting from business combinations.

(2) This represents Baidu’s share of equity method investments for other non-GAAP reconciling items, amortization and impairment of intangible assets not on the investee’s books, accretion of their redeemable

noncontrolling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per share.

(3) This represents tax impact of all non-GAAP adjustments.

 

 

Baidu, Inc. 

Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures  

(In millions except for per ADS information, unaudited)

Twelve months ended

Twelve months ended

Twelve months ended

December 31, 2024 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Operating income (loss)

19,478

1,811

21,270

(6,044)

229

(5,823)

(864)

32

(833)

Add: Share-based compensation expenses

4,239

545

4,784

3,203

402

3,605

459

58

517

Add: Amortization and impairment of intangible assets resulting from business combinations

173

7

180

262

8

270

37

1

38

Add: Impairment of long-lived assets

–

–

–

16,190

–

16,190

2,315

–

2,315

Add: One-time employee severance costs

–

–

–

708

–

708

101

–

101

Operating income (non-GAAP)

23,890

2,363

26,234

14,319

639

14,950

2,048

91

2,138

Add:  Depreciation of fixed assets and amortization of intangible assets(1)

6,697

147

6,844

7,732

176

7,907

1,105

26

1,131

Adjusted EBITDA

30,587

2,510

33,078

22,051

815

22,857

3,153

117

3,269

Net income (loss) attributable to Baidu

23,431

764

23,760

5,691

(207)

5,589

814

(30)

799

Add: Share-based compensation expenses

4,235

545

4,482

3,199

402

3,381

457

57

484

Add: Amortization and impairment of intangible assets resulting from business combinations

165

7

168

254

8

258

36

1

37

Add: Impairment of long-lived assets

–

–

–

16,190

–

16,190

2,315

–

2,315

Add: One-time employee severance costs

–

–

–

708

–

708

101

–

101

Add: Disposal loss (gain)

(1,982)

22

(1,972)

(423)

–

(428)

(60)

–

(61)

Add: Impairment of long-term investments

172

193

260

257

38

275

37

5

39

Add: Fair value loss (gain) of long-term investments

(393)

(19)

(403)

(4,004)

34

(3,989)

(573)

5

(570)

Add: Reconciling items on equity method investments(2)

1,050

–

1,050

(603)

5

(601)

(86)

1

(86)

Add: Tax effects on non-GAAP adjustments(3)

(343)

–

(343)

(2,442)

–

(2,442)

(349)

–

(349)

Net income attributable to Baidu (non-GAAP)

26,335

1,512

27,002

18,827

280

18,941

2,692

39

2,709

Diluted earnings per ADS

65.91

11.78

1.68

Add:  Accretion of the redeemable noncontrolling interests

1.68

2.71

0.39

Add:  Non-GAAP adjustments to earnings per ADS

9.26

38.92

5.57

Diluted earnings per ADS (non-GAAP)

76.85

53.41

7.64

(1) This represents amortization of intangible assets excluding those resulting from business combinations.

(2) This represents Baidu’s share of equity method investments for other non-GAAP reconciling items, amortization and impairment of intangible assets not on the investee’s books,

accretion of their redeemable noncontrolling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per

share.

(3) This represents tax impact of all non-GAAP adjustments.

 

 

Digital Edge Advances Sustainability Strategy with Renewable PPA and Industry-First Recycled Water Initiative in India

By
Advertorial Desk
-

SINGAPORE, Feb. 26, 2026 /PRNewswire/ — Digital Edge today announced a major step forward in its sustainability strategy in India with the signing of a renewable energy Power Purchase Agreement (PPA) with Hexa Climate Solutions Pvt Ltd (Hexa) following a competitive tender, covering up to 83MW of solar energy to support the first phase of its 350MW AI-ready hyperscale BOM campus, which is currently under development in Navi Mumbai, Maharashtra.

Digital Edge Advances Sustainability Strategy with Renewable PPA and Industry-First Recycled Water Initiative in India
Digital Edge Advances Sustainability Strategy with Renewable PPA and Industry-First Recycled Water Initiative in India

The addition of 83MW of renewable power is expected to offset approximately 100,000 tonnes of CO2 annually, a figure that will scale significantly as Digital Edge India’s (DEI) full renewable energy program is deployed at the campus. The power will be delivered in phases starting December 2026 and represents the maximum renewable energy capacity permissible under current regulations for the initial development phase. Demonstrating its long-term commitment to sustainable infrastructure in India, DEI will take a substantial minority equity stake in the associated renewable energy projects, ensuring captive user status.

The BOM campus is the first project developed under the joint venture between Digital Edge, the National Investment and Infrastructure Fund (NIIF) and AGP Sustainable Assets, established to advance India’s digital transformation.

In parallel, DEI has partnered with its customers and the local community to deploy market-leading liquid cooling powered by 10 million litres of recycled water per day – an industry first in India that the company intends to replicate across suitable markets. This innovative greywater and cooling solution will enable the BOM campus to target an annualized PUE [Power Utilization Effectiveness] of 1.25 and Water Utilization Effectiveness below 1.75, while providing a new source of revenue for the community through the purchase of grey water that would otherwise be discharged into the ocean by the municipality.

“These initiatives demonstrate what can be achieved when we work hand-in-hand with customers and local stakeholders who share our vision for sustainable digital infrastructure,” said John Freeman, Group CEO of Digital Edge. “From pioneering large-scale recycled water deployment to securing a long-term renewable energy PPA, we are building a resilient, future-ready platform that delivers positive environmental and community impact.”

DEI and Hexa will collaborate to ensure market-leading renewable energy solutions are deployed for data centers in India’s fast-evolving renewables market. This partnership complements Digital Edge’s broader sustainability strategy, centered on design innovation that has made the BOM campus one of the most energy- and water-efficient data centers in India. 

“India’s data center and renewable energy sectors are among the most compelling investment opportunities in the country today, and this collaboration sits at precisely that intersection. Digital Edge’s BOM campus is an important enabler of India’s nationwide digital transformation in one of the fastest growing data centre markets globally. This renewable energy partnership reflects our conviction that world-class digital infrastructure and responsible development must go hand in hand with sustainability and community impact at its core,” said Vinod Giri, Managing Partner – Master Fund, National Investment and Infrastructure Fund (NIIF).

Hexa is proud to partner with Digital Edge on one of India’s most ambitious data center developments. This 83MW PPA demonstrates how renewable energy can scale with the country’s digital economy, setting a new benchmark for green infrastructure. We work closely with our customers to design solutions that are reliable, scalable, and aligned with their net‑zero goals, and we look forward to expanding our partnership as Digital Edge’s India platform grows,” said Sanjeev Aggarwal, Founder & Chairman, Hexa Climate Solutions.

About Digital Edge

Where performance meets sustainability, Digital Edge powers Asia-Pacific’s digital transformation with reliable, secure, and sustainable infrastructure. Headquartered in Singapore and backed by Stonepeak, the company delivers high-performance data center and fiber solutions for hyperscalers and enterprises across nine countries in Asia Pacific. With more than 1.5GW of secured IT power, Digital Edge empowers businesses to scale rapidly and responsibly in a connected, energy-efficient future.

Visit www.digitaledgedc.com for more information.

About Hexa Climate Solutions

Hexa Climate is a climate solutions IPP platform dedicated to renewable energy and decarbonization, with a portfolio of 3GW across operational and under-construction assets in India. The firm delivers tailored net-zero solutions encompassing Open Access Solar and Wind Power, Battery Energy Storage Systems, Carbon Offsets, and I-RECs, serving utilities and commercial & industrial consumers alike. Founded by industry veterans, Hexa Climate pioneered the OPEX model and corporate PPA market in India and brings global delivery capabilities underpinned by deep technology collaboration across the Asia-Pacific region, with group firms operating in Japan, Malaysia, Taiwan region, South Korea, Singapore, and the Philippines.

About National Investment and Infrastructure Fund Limited (NIIF)

NIIF is India’s sovereign-anchored alternative asset manager, catalysing global capital to invest in sectors and asset classes that play an important role in India’s growth journey. Anchored by the Government of India in partnership with leading global investors, NIIF manages USD 4.9 billion in equity capital commitments across four strategies — Infrastructure, Private Markets, Growth Equity, and Climate Investments. NIIF’s Infrastructure Fund (NIIF Master Fund) is India’s largest domestic infrastructure fund, investing in high-quality businesses and assets across core sectors.

 

Monport Highlights GT200W MOPA Fiber Laser Engraver as Demand for Industrial Metal Marking Accelerates

By
Advertorial Desk
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SEATTLE, Feb. 26, 2026 /PRNewswire/ — In response to growing global demand for high-speed industrial marking solutions, Monport Laser is spotlighting its recently launched GT200W MOPA fiber laser engraver as a leading solution for advanced metal engraving and precision manufacturing. The powerful fiber laser marking machine combines industrial-grade laser output with high-definition precision, supporting businesses that require reliable, large-scale production marking.

As industries continue adopting automated engraving technology, the GT200W MOPA fiber laser engraver remains a key part of Monport’s expanding industrial laser portfolio.

The system is engineered to deliver consistent performance for high-volume production, custom manufacturing, and professional metal branding applications.

200W Industrial Fiber Laser Power for Manufacturing

The GT200W MOPA fiber laser engraver features 200W high-power laser output for deep metal engraving and high-volume production marking.

The fiber laser marking machine supports stainless steel, aluminum, titanium, brass, and coated metals. Manufacturers can consolidate multiple marking workflows into one system, improving production efficiency.

True MOPA Color Laser Marking Technology

The GT200W fiber laser engraver delivers true color marking on stainless steel and titanium using MOPA pulse technology.

Precise pulse control creates oxidation-based color engraving effects without inks or chemicals. This feature is valuable for product branding, luxury product design, and decorative industrial marking.

Ultra-Fast 20,000 mm/s Engraving Speed

The GT200W fiber laser marking machine reaches engraving speeds up to 20,000 mm/s using an industrial galvo scanning system.

The system supports 0.01 mm engraving precision, enabling high-definition logos, QR codes, and serial numbers for industrial production environments.

Enhanced Cutting Capabilities

Given the frequent need for fiber laser machines in cutting applications, the 200W power output delivers exceptional cutting performance.

Auto-Focus Technology Simplifies Operation

Built-in auto-focus technology automatically adjusts laser focus during operation. This reduces manual setup time and improves workflow efficiency.

Operators can quickly switch between materials while maintaining consistent engraving quality using this fiber laser marking machine.

8K High-Definition Engraving Precision

The GT200W MOPA fiber laser engraver delivers 8K high-definition engraving quality through advanced optical engineering.

This precision supports industrial compliance marking, product identification, and high-detail decorative engraving applications.

Deep Engraving and 3D Relief Capability

The high-energy design enables deep metal engraving and 3D relief surface marking. The fiber laser marking machine is suitable for tooling, mold manufacturing, and custom product engraving.

The 3D capability expands customization opportunities for commercial engraving businesses.

Software Integration for Smart Manufacturing

The GT200W fiber laser engraver is compatible with professional laser design software such as LightBurn.

Users can easily import logos, graphics, and industrial templates into production workflows, supporting modern digital manufacturing systems.

Growing Global Demand for Fiber Laser Technology

Demand for fiber laser marking machine technology continues increasing as industries adopt automated precision manufacturing.

The GT200W MOPA fiber laser engraver reflects Monport’s commitment to supporting modern industrial transformation through advanced laser engineering.

“Monport Laser is committed to advancing industrial laser technology with solutions that improve speed, precision, and automation,” said Monport Laser CEO.

“The GT200W MOPA fiber laser engraver represents our vision of next-generation manufacturing technology delivered through a reliable fiber laser marking machine platform.”

Availability

The GT200W MOPA fiber laser engraver is available through authorized industrial distributors worldwide.

Businesses can learn more about this high-performance fiber laser marking machine through official Monport Laser website.

About Monport Laser

Monport Laser develops industrial laser engraving and cutting technology for commercial and manufacturing markets. The company specializes in high-performance fiber laser engraver systems designed for modern production environments.

Media Contact

Company: Monport Laser
Email: official@monportlaser.com 
Website: www.monportlaser.com

Health Awareness Week Underscores the Importance of Respiratory Health

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Advertorial Desk
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NEW YORK, Feb. 26, 2026 /PRNewswire/ — As Health Awareness Week brings focus to preventive care and chronic condition management, VARON is highlighting the vital role respiratory health plays in overall well-being. Through its “Your Health, Our Commitment” initiative, the company is promoting greater awareness of breathing health while expanding access to supportive solutions for individuals managing long-term respiratory needs.

While cardiovascular health and metabolic conditions often dominate public discussion, respiratory health remains a foundational—yet frequently overlooked—component of overall wellness. Every organ relies on oxygen to function efficiently. When oxygen intake or blood oxygen saturation falls below optimal levels, the consequences extend beyond shortness of breath, potentially affecting sleep, cognition, heart function, and daily energy.

Why Respiratory Health Matters

The lungs play a critical role in transferring oxygen into the bloodstream, where it binds to hemoglobin and is delivered throughout the body. For individuals living with COPD, asthma, pulmonary fibrosis, post-viral lung changes, or sleep-related breathing disorders, this oxygen exchange process may become less efficient.

Chronic low oxygen levels can contribute to:

  • Persistent fatigue
  • Morning headaches
  • Reduced exercise tolerance
  • Cognitive fog
  • Increased cardiovascular strain

Respiratory care professionals emphasize that consistent monitoring and early intervention are essential. When oxygen saturation regularly falls below physician-recommended levels, supplemental oxygen therapy may be prescribed as part of a long-term care plan.

Modern home-based oxygen therapy solutions can help provide stable oxygen support without the logistical challenges associated with traditional oxygen tanks, enabling individuals to maintain therapy more safely and comfortably in their daily living environment.

Daily Practices That Support Lung Function

In observance of Health Awareness Week, VARON encourages individuals to adopt practical, evidence-informed habits that support respiratory health:

  • Structured Breathing Exercises

Techniques such as diaphragmatic breathing and pursed-lip breathing may help improve ventilation efficiency and ease breathlessness.

  • Indoor Air Quality Management

Reducing airborne irritants, minimizing smoke exposure, and maintaining balanced humidity can contribute to long-term lung protection.

  • Gradual Physical Conditioning

Low-impact aerobic activity supports improved oxygen utilization and cardiovascular endurance.

  • Oxygen Monitoring

For at-risk individuals, pulse oximetry tracking under medical guidance can help detect early changes in oxygen saturation.

  • Appropriate Oxygen Support

When appropriately used, supplemental oxygen therapy may improve quality of life and help reduce complications associated with chronic hypoxemia.

For individuals who maintain active routines or travel frequently, advancements in lightweight portable oxygen support technologies now allow therapy to continue with greater flexibility and continuity.

Expanding Access During Health Awareness Week

To support awareness with meaningful action, VARON is introducing limited-time Health Awareness Week initiatives aimed at improving access to respiratory support solutions. These include sitewide savings, enhanced offers on select oxygen systems, and added support resources for qualifying orders.

The initiative is designed to help reduce financial barriers for individuals who may have postponed investing in respiratory care equipment due to cost concerns.

Featured Oxygen Support Options

As part of the campaign, several oxygen solutions tailored to varying respiratory needs are being highlighted:

Each oxygen machine is developed to support consistent oxygen delivery, ease of use, and patient comfort—factors respiratory specialists often identify as essential to long-term therapy adherence.

A Preventive Health Perspective

Health Awareness Week is a reminder that respiratory wellness is not only reactive—it is preventive. Early screening, lifestyle adjustments, and timely use of prescribed oxygen therapy can help reduce hospitalizations, improve energy levels, and support greater independence.

By combining education with practical support options, VARON’s campaign reinforces a broader message: maintaining respiratory health requires both awareness and proactive steps.

Limited-time Health Awareness Week initiatives are designed to help make respiratory support more accessible. Individuals are encouraged to consult healthcare professionals and explore educational resources to better understand their respiratory needs.

For more information on Health Awareness Week initiatives and available oxygen support solutions, visit the VARON official website.

About VARON

VARON is committed to supporting respiratory health by providing accessible oxygen solutions for both home and travel. The company emphasizes patient-centered innovation, reliability, and education, helping individuals breathe with greater confidence and comfort.

Media Contact

Company Name: VARON
Email: Send Email
Country: United States
Website: https://varoninc.com/

 

Laos Inflation Climbs to 6.2 Percent in February 2026, Driven by Housing, Energy Costs

By
Thongsavanh Souvannasane
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This photo is used for representational purpose only.

Laos’ inflation rate rose to 6.2 percent in February 2026, up from 5.1 percent in the previous month, indicating renewed price pressures after a brief easing. 

February’s Consumer Price Index (CPI) reached 258.7, a rise from 256.8 in January and 243.5 in the same month last year, reflecting continued year-on-year price growth.

Housing and Energy Costs Drive Inflation

The biggest contributor to inflation was the housing, water supply, electricity, and cooking fuel category, which saw a 24.3 percent increase year-on-year. 

This was mainly due to higher construction-related costs, including steel, plywood, and labor wages

Other categories also showed notable increases. 

Health care and medicine rose 13 percent, education increased 11.7 percent, alcohol and tobacco climbed 8.1 percent, and restaurants and hotels grew 8.0 percent. Clothing and footwear advanced 7.3 percent, while miscellaneous goods and services surged 37 percent, mainly due to rising gold prices, according to Laos Statistic Bureau.

On a month-on-month basis, overall prices increased 0.7 percent in February 2026, reversing the 0.2 percent decline recorded in January. 

Alcohol and tobacco prices rose 1 percent, restaurants and hotel prices increased 1 percent, and housing-related costs edged up 0.8 percent.

The primary drivers of inflation were rising domestic demand and higher energy prices. International energy prices increased by 12 percent, while domestic fuel prices also saw a rise, with diesel prices climbing by 7.2 percent.

Lao, Australian PMs Discuss Bilateral Ties, 2024 Methanol Poisoning in Phone Call

By
Thongsavanh Souvannasane
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Lao Prime Minister Sonexay Siphandone and Australian Prime Minister Anthony Albanese held a phone call on 25 February, discussing bilateral relations and the deadly 2024 methanol poisoning that claimed the lives of two Australians.

Lao Prime Minister Sonexay Siphandone and Australian Prime Minister Anthony Albanese held a telephone conversation on 25 February, focusing on strengthening bilateral relations and the deadly methanol poisoning incident that claimed two Australian lives in late 2024.

The two leaders expressed mutual appreciation for the robust friendship and cooperation developed over 74 years of diplomatic relations. They highlighted that ties had flourished since the 2024 elevation to a Comprehensive Partnership, with collaboration spanning trade, investment, education, and human resource development. Both leaders also reaffirmed their commitment to celebrating the 75th anniversary of diplomatic relations in 2027 with significant events and continued high-level exchanges.

A central topic in the call was the tragic methanol poisoning incident in Vang Vieng, where six foreign tourists, including two Australians, died after consuming contaminated alcohol at a hostel. The authorities identified an illegal distillery as the source. Albanese thanked the Lao government for its swift response and cooperation in the investigation. In return, Siphandone extended his condolences to the families of the victims and assured that the investigation would proceed transparently and responsibly under Lao law.

The call followed Australia’s recent pledge of AUD 1.5 million (about USD 1.06 million) to improve food and alcohol safety systems in Laos, including strengthening inspections, laboratory capacity, and emergency response mechanisms. This funding aims to address gaps in the country’s safety infrastructure and enable quicker detection of contamination risks.

This discussion also followed recent high-level engagements, including a visit by Australia’s Special Representative, Pablo Kang, and a phone call between Lao Foreign Minister Thongsavanh Phomvihane and Australian Foreign Minister Penny Wong regarding the investigation.

As Laos and Australia approach the milestone of 75 years of diplomatic relations, the unresolved methanol poisoning case remains a somber reminder of the ongoing challenges in the partnership. The call underscored the commitment to finding justice for the victims’ families and addressing food safety issues more broadly.

Golden Triangle SEZ Tax Revenue Plunges 49% in 2025 as Hundreds of Businesses Shut Down

By
Phoudasack Vongsay
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A picture of the Golden Triangle Special Economic Zone (SEZ) in Bokeo Province at night time. (Photo by GTSEZ Management Organisation)

Tax revenue in the Golden Triangle Special Economic Zone (SEZ) in Bokeo Province dropped nearly 49 percent in 2025, following the closure of 551 businesses.

According to the SEZ’s 2025 annual tax report, total revenue amounted to LAK 32.27 billion (approximately USD 1.5 million), down from LAK 127.73 billion (nearly USD 6 million) in 2024.

Authorities attributed the sharp decline in revenue to business closures and ongoing challenges in tax collection. They noted that the national agenda to address economic and financial difficulties has moved slower than anticipated, with business surveys and classifications delayed due to budget constraints and coordination issues.

According to Lao Economic Daily, more than 551 companies in the Bokeo Golden Triangle area ceased operations, while over 1,200 businesses renewed registrations and 165 new taxpayer IDs were issued.

Meanwhile, many businesses with annual revenues exceeding LAK 400 million (around USD 18,500) have not fully transitioned to proper accounting systems, complicating tax assessments. 

Unpaid tax debts, particularly those linked to budget-related spending, have also hindered revenue growth.

Push for Modernization and Stronger Enforcement

In response to these challenges, tax authorities have outlined measures to stabilize revenue and enhance oversight within the zone. These include closer collaboration with the SEZ management committee to improve road fee collection and encourage businesses to file and pay taxes independently through the TaxRIS digital system.

Authorities also plan to tighten monitoring of personal income tax from employee salaries and to ensure full transfer of ID card-related fees from the Kings Romans Group into the state budget.

The group is the primary investor in the Chinese-controlled special economic zone in Bokeo province. It has gained public attention over the past decade after being accused of operating as a hub for online scam operations, human trafficking, and organized crime.

Lastly, tax data collection will be expanded to include infrastructure projects and new business units, aiming to reduce revenue leakage and boost compliance in the upcoming year.

With these measures, officials aim to help the Golden Triangle SEZ meet future revenue targets.

World Bank Group’s IFC Invests in Malaysia’s Zetrix AI to Improve Access to Digital Public Infrastructure Services

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Advertorial Desk
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KUALA LUMPUR, Malaysia, Feb. 26, 2026 /PRNewswire/ — To improve access to Digital Public Infrastructure (DPI) services in Malaysia and emerging markets in the broader ASEAN region and beyond, the World Bank Group, through its private sector arm the International Finance Corporation (“IFC”), has announced an equity investment in Zetrix AI Berhad (“Zetrix AI”).

Judith Green, World Bank Group Country Manager for Malaysia (left) and TS Wong, Group Managing Director of Zetrix AI Berhad (right)
Judith Green, World Bank Group Country Manager for Malaysia (left) and TS Wong, Group Managing Director of Zetrix AI Berhad (right)

IFC’s RM155.6 million (or USD40 million) investment will support the development and rollout of new, blockchain-based DPI applications and artificial intelligence (AI)-enabled products that aim to improve digital inclusion, access to services, and economic efficiency in Malaysia and the broader ASEAN region. In Malaysia, these new services would integrate with the country’s digital ecosystem through MyDigital ID, the country’s digital identity system, and the Malaysia Blockchain Infrastructure (MBI), the country’s national blockchain service network.

Zetrix AI’s DPI applications and products aim to make a range of services more efficient, secure, and cost-effective, including the verification of digital IDs through to the digitalization of international trade and the tokenization of real-world assets, among others. The investment will also support Zetrix AI’s expansion of its DPI services into emerging markets in ASEAN and the rest of the world.

“This investment reflects IFC’s commitment to advancing Malaysia’s digital transformation agenda, in line with the Thirteenth Malaysia Plan, 2026-2030,” said Judith Green, World Bank Group Country Manager for Malaysia. “The development of Digital Public Infrastructure services is essential to improving public service delivery, strengthening economic competitiveness, and ensuring that growth is inclusive and sustainable.

“Investments like this allow us to scale innovative digital solutions and support the creation of resilient, secure and interoperable systems that expand access to services and opportunities for both people and businesses in Malaysia and emerging markets in the broader ASEAN region and beyond.”

“From digital IDs to digitised customs clearance processing to large language models and stablecoins, the real-world cross-border use cases in blockchain and AI that we are deploying are aimed at catalysing disruptive transformation across ASEAN and enabling deeper socio-economic integration in the region,” said TS Wong, Group Managing Director of Zetrix AI. “With the participation and market access from IFC, we will accelerate our global expansion plans.”

About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.

About Zetrix AI Berhad
Zetrix AI Berhad (“Zetrix AI”), formerly known as MY E.G. Services Berhad, is leading the way in the deployment of blockchain technology and artificial intelligence in powering the public and private sectors across ASEAN. Headquartered in Malaysia, Zetrix AI started operations in 2000 as a pioneer in the provision of electronic government services and complementary commercial offerings in its home country. Today, it has advanced to the forefront of technology transformation in the broader region, leveraging its Layer-1 blockchain platform Zetrix and embracing the convergence of Web3, AI and robotics to enable optimally-efficient, intelligent and secure cross-border transactions, digital identity interoperability and automation solutions that seamlessly connect people, businesses and governments.

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