[HIGHLIGHTS] AI has become a new driving force for growth. Baidu’s net profit in 2023 surged 39% to 28.7 billion yuan, and its full-year performance exceeded expectations.

Baidu released its fourth quarter and full-year financial report for 2023. Total revenue in 2023 reached 134.598 billion yuan, and net profit (non-GAAP) attributable to Baidu was 28.7 billion yuan.

In December 2023, the number of monthly active users of BaidU App reached 667 million. The number of Luobo Kuaipao service orders increased by 49% year-on-year to 839,000 orders, and the proportion of fully driverless orders in Wuhan reached 45%.