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● Security revenue grew 10% and Cloud Infrastructure Services revenue grew 39%.
● Adjusted EBITDA reached $1,613.8 million, an 84% margin.
● Baidu Core AI-powered Business revenue rose 25% to RMB12.5 billion.
● Recurring revenues for the year were $4,878 million, up 8%.
● Organic revenue growth was 3%, so acquisitions drove most of the increase.
● Backlog reached a record $8.1 billion, with $4.2 billion due within 12 months.
● Government sales rose 13.6% and Corporate sales rose 10.7%.
● Revenue rose 9.6% from the previous quarter.
● Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up over 210%.
● Free cash flow was $459 million against net income of $636 million.
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