1、 1 / 12 Baidu Announces First Quarter 2022 Results BEIJING, China, May 26, 2022 Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the first quarter ended March 31, 2022. “Bai

2、du delivered solid first quarter results, especially with regard to our cloud and intelligent driving businesses. Baidu AI Cloud reported another quarter of strong revenue growth and Apollo Go was granted the first permit in China to provide driverless ride-hailing services on public roads in Beijin

3、g,” said Robin Li, Co-founder and CEO of Baidu. “Since mid-March, our business has been negatively impacted by the recent COVID-19 resurgence in China. Although challenges related to the virus continue to pressure our near term business operations, we remain confident that our new AI businesses will

4、 boost the long-term growth of Baidu and contribute to Chinas innovation-driven economy and sustainable development.” “Revenues from Baidu Core remained healthy with non-ad revenues increasing by 35% year over year, driven by Baidu AI Cloud, which grew 45% year over year in the quarter,” said Rong L

5、uo, CFO of Baidu. “Looking ahead, we remain committed to quality revenue growth and an enduring business model. In addition, we will further enhance our overall operational efficiency to drive long-term growth.” First Quarter 2022 Financial Highlights1 Baidu, Inc. (In millions except per Q1 Q4 Q1 AD

6、S, unaudited) 2021 2021 2022 YOY QOQ RMB RMB RMB US$ Total revenues 28,134 33,088 28,411 4,482 1% (14%) Operating income 2,789 1,958 2,601 410 (7%) 33% Operating income (non-GAAP) 2 4,362 4,307 3,996 630 (8%) (7%) Net income (loss) to Baidu 25,653 1,715 (885) (140) - - Net income to Baidu (non-GAAP)