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Baidu announced today its financial report for the third quarter of 2024. The data shows that the company's total revenue reached 33.6 billion yuan in the three months ending September 30, a decrease of 3% compared to the same period last year. In terms of net profit, Baidu's net profit attributable to the company was 7.6 billion yuan, while the net profit calculated according to non-GAAP was 5.9 billion yuan.

In 2023, iQIYI earned 2.8 billion with total revenue reaching 31.9 billion, a year-on-year increase of 10%. iQIYI's Non-GAAP operating profit for 2023 was 3.6 billion, up 68% year-on-year. Revenue from iQIYI's membership services reached 20.3 billion, reflecting a 15% year-on-year increase. iQIYI's ARM hit a record high of 15.98 yuan, and the application of AIGC in the film and entertainment sector has made progress.

iQIYI's revenue in 2023 is 31.9 billion with a net profit of 2.8 billion; plans to develop AIGC and overseas expansion as new businesses.

iQIYI released its fourth quarter and full year 2023 financial report data, along with the content of the iQIYI management conference call discussing strategies and new business developments for 2024, the application of generative artificial intelligence technology in the film and television industry, and iQIYI's content advantages and competitive strategies.

iQIYI upgrades its AI search, allowing viewers to access desired content with one click. It is the first in the industry to apply generative AI technology to character search, plot search, star search, and other scenarios, offering rich content recommendations through a suggested search bar.

Gong Yu, the founder and CEO of iQIYI, emphasized at the Enjoyment Conference that the future development of iQIYI relies on content and technological innovation. With the popularization of AIGC and technological advancements, the long video industry may be disrupted within 3 to 5 years. iQIYI focuses on high-quality and diverse content creation. AI technology will be widely applied in future film and television production, enhancing production efficiency and viewer experience. iQIYI aims to bring more wisdom and joy to audiences through AI technology.

{point1:iQIYI introduces AIGC to assist in script evaluation, improving efficiency and user experience. point2: By building the 'Starry Script Understanding Platform', specific plot segments in series can be searched. point3:iQIYI establishes the 'AIGC Content Technology Innovation Center' to use AIGC for generating operational materials. list:iQIYI introduces AIGC to assist in script evaluation, improving efficiency and user experience. By building the 'Starry Script Understanding Platform', specific plot segments in series can be searched.}