百度：Expecting steady cloud revenue growth-20250415

15 Apr 2025 Baidu (BIDU US) Expecting steady cloud revenue growth For 1Q25E, we expect Baidu Core business revenue could reach RMB24.0bn, up 1% YoY, and would be 3% better than Bloomberg consensus, mainly driven by likely better-than-expected cloud revenue growth boosted by strong AI- related demand. Aided by solid cloud revenue growth, we are anticipating non- GAAP operating profit of RMB4.5bn for Baidu Core, 1% better than consensus. Baidu is still proactively driving business transformation, embedding mo ...