Baidu reports Q4 EPS $2.21, consensus $2.00

Reports Q4 revenue $4.8B, consensus $4.65B. "2022 was a challenging year, but we used this period to prepare the company for better times. In 2023, we believe we have a clear path to reaccelerate our revenue growth, and we are now well positioned to make use of the opportunities that China’s economic recovery offers us," said Robin Li, co-founder and CEO of Baidu. "With our long-term investments in AI, we are poised to capitalize on the imminent inflection point in AI, unlocking exciting new opportunities across our entire business portfolio – from mobile ecosystem to AI Cloud, autonomous driving, smart devices, and beyond."