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Baidu Announces Second Quarter 2021 Results BEIJING , China , August 12 , 2021 - Baidu , Inc. ( NASDAQ : BIDU and HKEX : 9888 ) ( " Baidu " or the " Company " ) , a leading Al company with strong Internet foundation , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . " Baidu Core delivered another strong quarter , powered by the fast growth of our new Al business . Al enables businesses and local governments to do more and serve more people , " said Robin Li , co - founder and CEO of Baidu . " We are excited about the opportunities to help different industries transform their business with Al and support our goal to become carbon neutral by 2030. " " Baidu Core revenue grew 27 % year over year in the second quarter , boosted by Al cloud growing 71 % year over year , ” said Herman Yu , CFO of Baidu . “ Baidu's search and feed business was solid , and we continue to execute and lead on our new Al business , including Al cloud , autonomous driving and smart assistant . " Second Quarter 2021 Financial Highlights¹ ( In millions except per ADS , unaudited ) Q2 Q1 Baidu , Inc. Q2 2020 2021 2021 YOY QOQ Total revenues Operating income RMB RMB RMB US $ 26,034 28,134 31,350 4,855 20 % 11 % 3,644 2,789 3,463 536 ( 5 % ) 24 % Operating income ( non - GAAP ) 2 5,605 4,362 5,653 876 1 % 30 % Net income ( loss ) to Baidu Net income to Baidu ( non - GAAP ) 2 5,082 3,579 25,653 4,297 ( 583 ) ( 90 ) 5,359 830 5 % 25 % Diluted earnings ( loss ) per ADS 10.31 Diluted earnings per ADS ( non - GAAP ) 2 14.73 73.76 ( 1.70 ) ( 0.26 ) 12.38 15.41 2.39 5 % 24 % Adjusted EBITDA 2 Adjusted EBITDA margin 7,015 5,900 27 % 21 % 7,295 1,130 23 % 23 % 4 % 24 % ( In millions , unaudited ) Baidu Core Q2 Q1 Q2 2020 2021 2021 YOY QOQ RMB RMB RMB US $ 1 Unless otherwise noted , RMB to USD was converted at an exchange rate of RMB6.4566 as of June 30 , 2021 , 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 . 2 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 ) . 1/8