Baidu (BIDU / 9888 HK) Q4 2025 (USD): Revenue 4.68bln (exp. 4.68bln), Adj. EPS 1.52 (exp. 1.47)

• Company may repurchase up to USD 5bln of its shares, effective through December 31, 2028. 
• The Board has also approved, for the first time, the adoption of a dividend policy for the Company's ordinary shares, which may include regular and/or special distributions of dividends.

Spin-off:

• Baidu announced its proposed spin-off and separate listing of Kunlunxin in January 2026.