Traffic acquisition and revenue-sharing fees are weighing on profitability as the company scales Bigo Ads.

Record deliveries and a richer product mix pushed the automaker into profit, but the turnaround remains incomplete.

Energy storage and new infrastructure projects are expanding, but the company’s core battery segment remained its main driver in 2025.

Heavy investment in emerging segments weighs on the group’s profitability.

The results did little to excite investors despite expanding margins.

The underlying economics of Shopee, Monee, and Garena may be behind the selloff.

Investors are taking an upbeat view as the AI firm delivers its first earnings report following its Hong Kong listing.

Rapid expansion and rising delivery volumes lifted revenue, even as store-level profitability declined.

See it as an AI company, not a search engine, Baidu urged investors.

The company argues the OTA model remains defensible, even as agentic AI could reshape how travelers plan and book trips.