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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Chapters: 00:00:00 - MLIV 00:00:14 - Nvidia 00:01:34 - Japan 00:02:35 - Geopolitics -------- More on Bloomberg Television and Markets Like this video?

The Honest Company, Inc. (HNST) Q4 2025 Earnings Call Transcript

The Engie logo is displayed during the 107th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF) at the Paris Expo Porte de Versailles convention center in... Purchase Licensing Rights, opens new tab Read more

PARIS, Feb 26 - Shares in French utility Engie (ENGIE.PA), opens new tab hit their highest since September 2009 on Thursday, after the company announced it would buy UK Power Networks from Hong Kong-listed CK Infrastructure Holdings (1038.HK), opens new tab for 10.5 billion pounds ($14.21 billion), its largest acquisition to date.

Shares were up 7% at 29.49 euros at 0838 GMT, heading for their biggest single-day rise since March 2022.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

The acquisition is transformational for Engie, which was the only major utility without an electricity network in Europe, as countries push their transport and industrial sectors to electrify in an attempt to build out renewable power and use less oil and gas.

The price paid by Engie implies a multiple of 1.5 times the regulated asset value of UKPN. This is in line with other transactions in the sector, but is lower than the reported level KKR and Macquarie offered in 2022.

"In our view, this is a strategic and positive step, particularly as the valuation appears reasonable by comparison, especially prior to the sector's rally over the past year," Alpha Value analyst Pierre-Alexandre Ramondenc said in a note.

Jefferies analysts called the deal very positive for diversifying the business and reducing Engie's exposure to fluctuating natural gas prices.

Engie said Bank of America, BNP Paribas and Rothschild advised the company on the deal.

($1 = 0.7391 pounds)

Reporting by America Hernandez in Paris, Andres Gonzales Estebaran in London. Editing by Louise Heavens

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 26:

Western Digital Corporation (WDC - Free Report) : This data storage solutions provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.

Western Digital has a PEG ratio of 0.59 compared with 1.32 for the industry. The company possesses a Growth Score of B.

Sanmina Corporation (SANM - Free Report) : This integrated manufacturing solutions and components, products and repair company carriesa Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.

Sanmina has a PEG ratio of 0.61 compared with 1.44 for the industry. The company possesses a Growth Score of A.

Ralph Lauren Corporation (RL - Free Report) : This lifestyle brand company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.

Ralph Lauren Corporation has a PEG ratio of 1.46 compared with 2.10 for the industry. The company possesses a Growth Score of A.

See the full list of top-ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

HomeMarketsPublished: Feb. 26, 2026 at 3:59 a.m. ET

Jensen Huang says the market has it wrong on software. Photo: Patrick T. Fallon/Agence France-Presse/Getty ImagesThere’s at least one executive in the artificial intelligence space who doesn’t think AI will cannibalize software companies: Nvidia’s Jensen Huang.

“I think the markets got it wrong,” Huang told CNBC after Nvidia’s NVDA fourth-quarter results.

About the Author

Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

Partner Center

LONDON--(BUSINESS WIRE)--Enterprise and public sector organizations across the UK can now access secure, high-availability unified communications and contact center services through a new partnership between 8x8, Inc. (NASDAQ: EGHT), a leading global business communications platform provider, and KCOM, a leading UK carrier and connectivity provider.

The partnership combines KCOM’s carrier-grade infrastructure with the integrated 8x8 Platform for CX, delivering voice, collaboration, contact center, and AI-powered capabilities on a single cloud platform. Running on KCOM’s infrastructure, customers benefit from greater control, performance, and resilience – eliminating reliance on third-party carrier connectivity.

For KCOM, the agreement expands its enterprise portfolio with a fully integrated, end-to-end solution that brings together network, communications, and customer experience in one platform.

Reliability, security and trustworthiness

“For carriers such as KCOM, reliability, security, and customer trust are non-negotiable,” said Jamie Snaddon, GVP, Managing Director of EMEA at 8x8, Inc. “By combining KCOM’s network expertise with 8x8’s unified communications and contact center platform, we’re delivering an end-to-end solution that helps organizations support their customers, modernize their operations, and innovate with confidence.”

KCOM supports approximately 8,000 enterprise customers across the public and private sectors, including critical national infrastructure such as hospitals and emergency services, where reliability and security are paramount.

“Selecting the right partner was critical for us,” said Jan Collins, Managing Director at KCOM Enterprise. “We ran a rigorous tender process and looked across the market for a platform that could meet the needs of our customers, from everyday business communications through to mission-critical contact center environments. 8x8 stood out not only for the strength of its unified communications and contact center platform, but for its cultural alignment and the way our teams have collaborated to bring this partnership to life.”

The launch marks the start of joint go-to-market activity between 8x8 and KCOM, including coordinated sales enablement and customer engagement across the UK market. Over the coming year, the partnership will expand KCOM’s contact center offerings and support a broader range of enterprise and public-sector use cases, including AI-powered customer engagement.

About 8x8, Inc.

8x8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on the industry's most integrated platform for Customer Experience – combining Contact Center, Unified Communications, and CPaaS solutions. The 8x8® Platform for CX integrates AI at every level to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. As a business communications leader, the company helps customer experience and IT leaders around the world become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, X, and Facebook.

About KCOM

KCOM is a UK-based communications and connectivity provider, delivering carrier-grade network, voice and digital services to businesses, public-sector organizations and communities. With its own network infrastructure and a strong presence across Hull, East Yorkshire and North Lincolnshire, KCOM supports thousands of enterprise customers, including critical national infrastructure. For more information, visit www.kcom.com.

Copyright 2025 8x8, Inc. 8x8 and associated brand assets are trademarks of 8x8, Inc. All rights reserved.

More News From 8x8, Inc.

February 26, 2026 04:00 ET  | Source: Aurora Mobile Limited

SHENZHEN, China, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025 before the open of U.S. markets on Thursday, March 12, 2026.

Aurora Mobile’s management will host an earnings conference call on Thursday, March 12, 2026 at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Beijing time on the same day).

All participants must register in advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.

Participant Online Registration:
https://register-conf.media-server.com/register/BI87806d12692d4023a77b32108d8366ad

A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobile’s website at https://ir.jiguang.cn/.

About Aurora Mobile Limited

Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services. The Company is dedicated to empowering global enterprises with stable, efficient, and intelligent customer interaction solutions. Leveraging its first-mover advantage in mobile messaging, Aurora Mobile has evolved into a comprehensive platform that integrates Omnichannel Engagement, AI-Driven Marketing, Advanced AI Customer Support, and Frictionless Identity Security. Through its flagship brand EngageLab and its robust AI infrastructure GPTBots.ai, the Company helps businesses achieve seamless customer reach, automate complex marketing journeys, and optimize service efficiency with AI agents, accelerating digital transformation for clients worldwide.

For more information, please visit https://ir.jiguang.cn/

For more information, please contact:

Aurora Mobile Limited
E-mail: [email protected]

Christensen Advisory
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: [email protected]

February 26, 2026 04:00 ET  | Source: Humanoid Global Holdings Corp.

– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES –

Vancouver, BC & Frederiksberg, Denmark, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Humanoid Global Holdings Corp. (“Humanoid Global” or the “Company”) (CSE:ROBO, FWB:0XM1, OTCQB:RBOHF), a publicly traded investment issuer focused on building and accelerating a portfolio of pioneering companies in the humanoid robotics and embodied AI sector, is pleased to announce that it has completed it’s strategic investment in and signed an advisory agreement with HOWTOROBOT HOLDING INC. (“HowToRobot”).

Research conducted by HowToRobot indicates that Czech manufacturers are facing significant pressure to adopt automation amid ongoing labour shortages, with approximately 264,000 unfilled roles nationwide, alongside labour costs that have risen 83% since 20161. Together, these dynamics are driving increased demand for automation solutions, particularly among SMEs that have traditionally viewed such technologies as overly complex or cost-prohibitive2.

In HowToRobot’s latest financing round, Humanoid Global joined Holman Robotics, LLC (“Holman”), which recently established a dedicated robotics division integrating solution design, flexible financing, and lifecycle asset management to support faster automation deployment and scalable adoption. Holman’s investment creates a collaboration opportunity with HowToRobot to deliver an end-to-end pathway from planning through deployment, with integrated asset management and financing capabilities to support long-term expansion3.

“We are pleased to invest alongside Holman in HowToRobot,” said Shahab Samimi, CEO of Humanoid Global. “Their capabilities in structuring and supporting robotics initiatives meaningfully enhance the value delivered to companies pursuing robotics adoption.”

The advisory agreement formalizes a consulting and advisory relationship between Humanoid Global and HowToRobot, under which Humanoid Global will serve on HowToRobot’s advisory board and provide strategic guidance on the company’s overall business direction. The agreement shall have an initial term of 2 years and does not provide for any direct monetary compensation, equity issuance, or retainer to Humanoid Global. The arrangement is intended to strengthen the relationship between Humanoid Global and HowToRobot in advancing tailored robotics solutions for Humanoid Global’s portfolio companies.

“Companies use HowToRobot’s platform because they want more predictability when investing in automation - lower risk, clearer costs, and a faster path from idea to implementation,” said Søren Peters, CEO of HowToRobot. By reducing the friction in how automation is planned and sourced, we help make adoption more repeatable at scale. That’s also where our work aligns with Humanoid Global’s ambition to support stronger, more connected robotics ecosystems.”

On February 26, 2026, the Company completed the investment of US$ 75,000 in HowToRobot Series A round.

-##-

About Humanoid Global Holdings Corp.

Humanoid Global Holdings Corp.  (CSE:ROBO, FWB:0XM1, OTCQB:RBOHF) (“Humanoid Global” or the “Company”) is a publicly traded investment issuer building a portfolio of pioneering companies in the growing humanoid robotics and embodied AI sector, investing in and accelerating their growth. It serves as a global investment platform providing liquidity and access to an actively managed portfolio spanning the value chain of this emerging ecosystem, including advanced software, hardware, and enabling technologies. Led by a team with a proven track record of scaling transformative technologies globally, the Company takes a long-term, partnership-oriented approach. It provides capital and strategic consultation on go-to-market strategies, regulatory pathways, and transaction advisory, while facilitating introductions to customers, suppliers, and strategic partners.

Learn more:
https://www.humanoidglobal.ai/

For further information, please contact:

Shahab Samimi
Chief Executive Officer

[email protected]
[email protected]
(604) 602-0001

CSE:ROBO
OTCQB:RBOHF
FWB:0XM1

ON BEHALF OF MANAGEMENT

Shahab Samimi
Chief Executive Officer

Forward-Looking Information

This news release contains statements that may be considered “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements in this release, other than statements of historical fact, are forward-looking statements. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, intends”, “anticipates”, “believes”, “assumes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or, “will”, “occur” or “be achieved”, and similar words or the negative of these terms and similar terminology. Forward-looking information in this release includes, but is not limited to, statements regarding: HowToRobot’s opportunities, plans and potential collaboration with Holman; expected benefits of the Company’s investment; and Humanoid Global’s broader investment strategy and objectives.

Forward-looking statements are based on current expectations, estimates, and assumptions made by management in light of its experience and perception of historical trends, current conditions, and expected future developments. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied in the statements. These factors include, among others, changes in market conditions, business and economic developments, regulatory approvals, availability of financing, and the performance of HowToRobot and other portfolio companies. Additional information regarding risks and uncertainties faced by the Company is available under its profile on SEDAR+ (www.sedarplus.ca).

Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this release are made as of the date hereof and are based on information currently available and management’s beliefs, expectations, and opinions at that time. Except as required by applicable securities laws, the Company does not undertake any obligation to update or revise such statements, whether as a result of new information, future events, or otherwise.

1 https://howtorobot.com/expert-insight/danish-robotics-technology-finds-eu31-55m-export-opportunity-czech-manufacturing
2 https://howtorobot.com/expert-insight/danish-robotics-technology-finds-eu31-55m-export-opportunity-czech-manufacturing
3 https://howtorobot.com/expert-insight/howtorobot-announces-strategic-capital-investment-holman

, /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the quarter and fiscal year ended December 31, 2025.

"2025 marked a pivotal year as AI became the new core of Baidu. AI Cloud Infra gained strong momentum, with our differentiated full-stack end-to-end AI capabilities earning growing enterprise recognition. Our portfolio of AI applications continued to scale, addressing diverse needs across enterprises and individuals. Apollo Go further reinforced its global leadership, operating at industry-leading scales while accelerating international expansion into new markets. Meanwhile, AI-native Marketing Services continued to grow, unlocking new possibilities for the long term," said Robin Li, Co-founder and CEO of Baidu. "As our AI-first strategy takes clear shape, we're confident in our ability to create lasting value in the AI era."

"We delivered several key achievements this quarter. First, revenue from Baidu Core AI-powered Business[1] exceeded RMB 11 billion in Q4, accounting for 43% of Baidu General Business[2] revenue. Second, total revenue of Baidu General Business grew 6% sequentially and Non-GAAP operating income of Baidu General Business increased 28% quarter over quarter to RMB 2.8 billion. Third, operating cash flow for Baidu turned positive in the second half of 2025, generating RMB 3.9 billion combined, compared to negative cash flow in the first half. Fourth, the Kunlunxin spin-off and separate listing is progressing, which we believe will unlock significant value for shareholders. Finally, we announced a new share repurchase program with up to US$5 billion authorization and introduced our first-ever dividend policy, with the first payment potentially to be made by year-end 2026." said Haijian He, CFO of Baidu.

Operational Highlights[1]

The following table sets forth selected revenue highlights for our Baidu Core AI-powered Business for the periods indicated:

Q3  

Q4  

FY  

FY  

(In billions)

2025

2025

2024

2025

YoY

RMB

RMB

RMB

RMB

Baidu Core AI-powered Business

9.6

11.3

27.0

40.0

48 %

- AI Cloud Infra

4.2

5.8

14.8

19.8

34 %

- AI Applications

2.6

2.7

9.8

10.2

5 %

- AI-native Marketing Services

2.8

2.7

2.4

9.8

301 %

% of Baidu General Business

39 %

43 %

26 %

39 %

Corporate

Baidu's Board of Directors has authorized a new share repurchase program in February 2026, under which the Company may repurchase up to US$5 billion 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. Baidu announced its proposed spin-off and separate listing of Kunlunxin in January 2026. Baidu released an updated version of ERNIE 5.0, its native omni-modal foundation model in January 2026. Baidu earned a position in the global edition of the S&P Global Sustainability Yearbook 2026, demonstrating its further advancement in ESG performance. The selection stems from a comprehensive evaluation of 9,200 companies globally as part of the S&P Global 2025 Corporate Sustainability Assessment, underscoring Baidu's sustainability practices. Baidu Core AI-powered Business

AI Cloud Infra

Revenue from AI Cloud Infra was RMB 5.8 billion in the fourth quarter of 2025, with subscription-based revenue from AI accelerator infrastructure increasing by 143% year over year. Revenue from AI Cloud Infra was approximately RMB 20 billion for the full year 2025, up 34% year over year. AI Applications

Revenue from AI Applications was RMB 2.7 billion in the fourth quarter of 2025, with full year 2025 revenue exceeding RMB 10 billion. Miaoda, Baidu's vibe coding platform, demonstrates industry-leading performance in platform capabilities and application quality, according to IDC's 2025 China No-Code Generative AI Application Development Platform Report, issued in November 2025. Baidu established the Personal Super Intelligence Business Group (PSIG), integrating Baidu Wenku and Baidu Drive to accelerate AI application innovation. Robotaxi

In the fourth quarter of 2025, Apollo Go, Baidu's autonomous ride-hailing service, delivered 3.4 million fully driverless operational rides with weekly rides peaking at over 300,000 during the quarter. Total rides increased by over 200% year over year. As of February 2026, cumulative rides provided to the public by Apollo Go exceeded 20 million. Apollo Go accelerated its global footprint across multiple markets. In the UK, Apollo Go advanced partnerships with Uber and Lyft to pilot autonomous vehicles in London. In Switzerland, Apollo Go initiated testing in St. Gallen. In the Middle East, Apollo Go officially launched fully autonomous ride-hailing services in Abu Dhabi with AutoGo, secured Dubai's first fully driverless testing permit, and partnered with Uber to bring Apollo Go to the Uber platform in Dubai. In Asia, Apollo Go entered the South Korean market, starting with the Seoul metropolitan area. Apollo Go also expanded its Hong Kong testing into new districts and initiated cross-district testing. As of February 2026, Apollo Go's global footprint reached 26 cities. To date, Apollo Go fleets have accumulated over 300 million autonomous kilometers, including over 190 million fully driverless autonomous kilometers, with an outstanding safety record. AI-native Marketing Services

Revenue from AI-native marketing services reached RMB 2.7 billion in the fourth quarter of 2025, up 110% year over year. Baidu App's MAUs reached 679 million in December 2025, remaining flat year over year. ERNIE Assistant's MAU reached 202 million in December 2025. [1] The revenue and operational data presented are derived from the Company's internal management accounts and records, which have not been audited.

[2] Starting this quarter, we redefined Baidu Core as Baidu General Business. Baidu General Business includes Baidu Core AI-powered Business, Legacy Business, and Others. Legacy Business mainly consists of traditional advertising services across Search, Feed and other properties. Fourth quarter 2025 revenues from Baidu Core AI-powered Business, Legacy Business, and Others were RMB 11.3 billion, RMB 12.3 billion, and RMB 2.5 billion, respectively, derived from the Company's internal management accounts and records, which have not been audited.

Fourth Quarter 2025 Financial Results for Baidu[3],[4],[5]

Total revenues were RMB32.7 billion ($4.68 billion), increasing 5% quarter over quarter, primarily due to an increase in Baidu Core AI-powered Business.

Cost of revenues was RMB18.3 billion ($2.61 billion), which remained flat quarter over quarter.

Selling, general and administrative expenses were RMB7.4 billion ($1.06 billion), increasing 12% quarter over quarter, primarily due to an increase in expected credit losses.

Research and development expenses were RMB5.6 billion ($800 million), increasing 8% quarter over quarter, primarily due to one-time employee severance costs to improve efficiency.

Operating income was RMB1.5 billion ($212 million) and operating margin was 5%. Non-GAAP operating income was RMB3.0 billion ($424 million) and non-GAAP operating margin was 9%.

Total other income, net was RMB1.2 billion ($178 million), compared to RMB1.9 billion last quarter.

Income tax expense was RMB1.0 billion ($147 million), compared to income tax benefit of RMB1.8 billion last quarter.

Net income attributable to Baidu was RMB1.8 billion ($255 million), net margin for Baidu was 5% and diluted earnings per ADS was RMB3.71 ($0.53). Non-GAAP net income attributable to Baidu was RMB3.9 billion ($559 million), non-GAAP net margin for Baidu was 12% and non-GAAP diluted earnings per ADS was RMB10.62 ($1.52).

Adjusted EBITDA was RMB4.7 billion ($676 million) and adjusted EBITDA margin was 14%.

We define total cash and investments as cash, cash equivalents, restricted cash, short-term investments, net, long-term time deposits and held-to-maturity investments, and adjusted long-term investments. As of December 31, 2025, total cash and investments were RMB294.1 billion ($42.06 billion). Operating cash flow was RMB2.6 billion ($373 million).

[3] Starting this quarter, we focused on the quarter-over-quarter fluctuation for the quarterly results to present a more meaningful perspective of our financial information.

[4] Unless otherwise noted, RMB to USD was converted at an exchange rate of RMB6.9931 as of December 31, 2025, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Translations are provided solely for the convenience of the reader.

[5] Non-GAAP measures are defined in the Non-GAAP Financial Measures section (see also "Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures" for more details).

Fiscal Year 2025 Results for Baidu[4],[5]

Total revenues were RMB129.1 billion ($18.46 billion), decreasing 3% year over year, primarily due to a decrease in Legacy Business, partially offset by an increase in Baidu Core AI-powered Business.

Cost of revenues was RMB72.4 billion ($10.36 billion), increasing 10% year over year, primarily due to an increase in costs related to Baidu Core AI-powered business.

Selling, general and administrative expenses were RMB25.8 billion ($3.70 billion), increasing 9% year over year, primarily due to an increase in channel spending expenses and expected credit losses.

Research and development expenses were RMB20.4 billion ($2.92 billion), decreasing 8% year over year, primarily due to a decrease in personnel-related expenses.

Impairment of long-lived assets was RMB16.2 billion ($2.32 billion), attributable to an impairment loss of Core asset group.

Operating loss was RMB5.8 billion ($833 million) and operating loss margin was 5%. Excluding impairment of long-lived assets, operating income was RMB10.4 billion ($1.48 billion). Non-GAAP operating income was RMB15.0 billion ($2.14 billion) and operating margin was 12%.

Total other income, net was RMB12.5 billion ($1.79 billion), compared to RMB7.4 billion in the same period last year.

Income tax expense was RMB1.3 billion ($180 million), compared to RMB4.4 billion in the same period last year.

Net income attributable to Baidu was RMB5.6 billion ($799 million), net margin for Baidu was 4% and diluted earnings per ADS was RMB11.78 ($1.68). Excluding the impact of impairment of long-lived assets, net income attributable to Baidu was RMB19.4 billion ($2.77 billion). Non-GAAP net income attributable to Baidu was RMB18.9 billion ($2.71 billion), non-GAAP net margin for Baidu was 15% and non-GAAP diluted earnings per ADS was RMB53.41 ($7.64).

Adjusted EBITDA was RMB22.9 billion ($3.27 billion) and adjusted EBITDA margin was 18%.

Operating cash flow was negative RMB3.0 billion (negative $431 million), which remained positive for the past two consecutive quarters.

For detailed financial information of Baidu General Business and iQIYI, please see the appended financial tables.

[4] Unless otherwise noted, RMB to USD was converted at an exchange rate of RMB6.9931 as of December 31, 2025, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Translations are provided solely for the convenience of the reader.

[5] Non-GAAP measures are defined in the Non-GAAP Financial Measures section (see also "Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures" for more details).

Conference Call Information

Baidu's management will hold an earnings conference call at 7:30 AM on Feb 26, 2026, U.S. Eastern Time (8:30 PM on Feb 26, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q4 2025 Earnings Conference Call". Please follow the steps to enter your registration details, then click "Register". Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10052617-fv4jhm.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

About Baidu

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on NASDAQ under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

Non-GAAP Financial Measures

To supplement Baidu's consolidated financial results presented in accordance with GAAP, Baidu uses the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributable to Baidu, non-GAAP net margin, non-GAAP diluted earnings per ADS, adjusted EBITDA, adjusted EBITDA margin, adjusted long-term investments and free cash flow. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.

Baidu believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain items that may not be indicative of its recurring core business operating results, such as operating performance excluding non-cash charges or non-operating in nature. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Baidu's historical performance and liquidity. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a significant component in the Company's results of operations. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data.

Non-GAAP operating income represents operating income excluding share-based compensation expenses, amortization and impairment of intangible assets resulting from business combinations, impairment of long-lived assets, and one-time employee severance costs.

Non-GAAP net income attributable to Baidu represents net income attributable to Baidu excluding share-based compensation expenses, amortization and impairment of intangible assets resulting from business combinations, impairment of long-lived assets, one-time employee severance costs, disposal gain or loss, impairment of long-term investments, and fair value gain or loss of long-term investments and exchangeable bonds, adjusted for related income tax effects. Baidu's share of equity method investments for these non-GAAP reconciling items, amortization and impairment of intangible assets not on the investees' books, accretion of their redeemable non-controlling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per share, adjusted for related income tax effects, are also excluded.

Non-GAAP diluted earnings per ADS represents diluted earnings per ADS calculated by dividing non-GAAP net income attributable to Baidu, by the weighted average number of ordinary shares expressed in ADS. Adjusted EBITDA represents non-GAAP operating income excluding depreciation of fixed assets, and amortization of intangible assets excluding those resulting from business combinations. Adjusted long-term investments represent long-term investments, net, with publicly listed equity method investments adjusted to fair value based on quoted market prices.

For more information on non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP financial measures to the nearest comparable GAAP measure."

Baidu, Inc. 

Condensed Consolidated Statements of  Income 

(In millions except for per share (or ADS) information, unaudited)

Three Months Ended

Twelve Months Ended

December 31,

September 30,

December 31,

December 31,

December 31,

December 31,

December 31,

2024

2025

2025

2025

2024

2025

2025

RMB

RMB

RMB

US$(2)

RMB

RMB

US$(2)

Revenue

34,124

31,174

32,740

4,682

133,125

129,079

18,458

Costs and expenses:

Cost of revenue(1)

18,014

18,315

18,277

2,614

66,102

72,436

10,358

Selling, general and administrative(1)

6,678

6,581

7,389

1,056

23,620

25,843

3,696

Research and development(1)

5,515

5,179

5,591

800

22,133

20,433

2,922

Impairment of long-lived assets

-

16,190

-

-

-

16,190

2,315

Total costs and expenses

30,207

46,265

31,257

4,470

111,855

134,902

19,291

Operating income (loss)

3,917

(15,091)

1,483

212

21,270

(5,823)

(833)

Other income:

Interest income

2,001

1,930

2,051

293

7,962

8,602

1,230

Interest expense

(643)

(631)

(651)

(93)

(2,824)

(2,784)

(398)

Foreign exchange gain (loss), net

1,678

(357)

(1,054)

(151)

1,076

(2,242)

(321)

Share of earnings (losses) from equity method investments

(399)

735

1,193

171

(691)

3,196

457

Others, net

23

269

(296)

(42)

1,829

5,767

825

Total other income, net

2,660

1,946

1,243

178

7,352

12,539

1,793

Income (loss) before income taxes

6,577

(13,145)

2,726

390

28,622

6,716

960

Income tax expense (benefit)

1,619

(1,828)

1,029

147

4,447

1,259

180

Net income (loss)

4,958

(11,317)

1,697

243

24,175

5,457

780

Net income (loss) attributable to noncontrolling interests

(234)

(85)

(85)

(12)

415

(132)

(19)

Net income (loss) attributable to Baidu

5,192

(11,232)

1,782

255

23,760

5,589

799

Earnings (loss) per ADS (1 ADS representing 8 Class A ordinary shares):

 -Basic

14.41

(33.88)

4.48

0.64

66.40

13.67

1.95

 -Diluted

14.26

(33.88)

3.71

0.53

65.91

11.78

1.68

Earnings (loss) per share for Class A and Class B ordinary shares:

 -Basic

1.80

(4.23)

0.56

0.08

8.31

1.71

0.24

 -Diluted

1.78

(4.23)

0.46

0.07

8.24

1.47

0.21

Weighted average number of Class A and Class B ordinary shares outstanding (in millions):

 -Basic 

2,775

2,713

2,721

2,721

2,790

2,726

2,726

 -Diluted

2,783

2,713

2,758

2,758

2,798

2,744

2,744

(1) Includes share-based compensation expenses as follows:

 Cost of revenue 

103

113

79

11

461

389

56

 Selling, general and administrative 

297

340

252

36

1,427

1,181

169

 Research and development 

685

591

398

58

2,896

2,035

292

 Total share-based compensation expenses 

1,085

1,044

729

105

4,784

3,605

517

(2) All translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025 as set forth in the H.10

statistical release of The Board of Governors of the Federal Reserve System.

Baidu, Inc. 

Condensed Consolidated Balance Sheets

(In millions, unaudited)

December 31,

December 31,

December 31,

2024

2025

2025

RMB

RMB

US$

ASSETS

Current assets:

Cash and cash equivalents

24,832

24,606

3,519

Restricted cash

11,697

225

32

Short-term investments, net

102,608

90,661

12,964

Accounts receivable, net

10,104

12,972

1,855

Amounts due from related parties

790

761

109

Other current assets, net

18,818

22,745

3,253

Total current assets

168,849

151,970

21,732

Non-current assets:

Fixed assets, net

30,102

26,281

3,758

Licensed copyrights, net

6,930

5,963

853

Produced content, net

14,695

14,575

2,084

Intangible assets, net

772

3,891

556

Goodwill

22,586

36,783

5,260

Long-term investments, net

41,721

44,918

6,423

Long-term time deposits and held-to-maturity investments

98,535

123,862

17,712

Amounts due from related parties

137

167

24

Deferred tax assets, net

2,193

4,582

655

Operating lease right-of-use assets

10,898

8,610

1,231

Receivables related to the proposed acquisition of YY Live, net

13,547

-

-

Other non-current assets

16,815

27,555

3,941

Total non-current assets

258,931

297,187

42,497

Total assets

427,780

449,157

64,229

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY

Current liabilities:

Short-term loans

10,669

7,626

1,091

Accounts payable and accrued liabilities

41,443

38,891

5,561

Customer deposits and deferred revenue

14,624

13,051

1,866

Deferred income

684

531

76

Long-term loans, current portion

168

14,765

2,111

Convertible senior notes, current portion

242

1,459

209

Notes payable, current portion

8,026

4,560

652

Amounts due to related parties

1,794

1,988

284

Operating lease liabilities

3,303

3,457

494

Total current liabilities

80,953

86,328

12,344

Non-current liabilities:

Deferred income

231

198

28

Deferred revenue

585

723

103

Amounts due to related parties

56

36

5

Long-term loans

15,596

3,369

482

Notes payable

27,996

51,021

7,296

Convertible senior notes

8,351

6,712

960

Deferred tax liabilities

3,870

4,985

713

Operating lease liabilities

4,973

4,108

587

Other non-current liabilities

1,557

1,951

280

Total non-current liabilities

63,215

73,103

10,454

Total liabilities

144,168

159,431

22,798

Redeemable noncontrolling interests

9,870

13,166

1,883

Equity

Total Baidu shareholders' equity

263,620

266,330

38,085

Noncontrolling interests

10,122

10,230

1,463

Total equity

273,742

276,560

39,548

Total liabilities, redeemable noncontrolling interests, and equity

427,780

449,157

64,229

Baidu, Inc. 

Selected Information

(In millions, unaudited)

Three months ended

Three months ended

Three months ended

Three months ended

December 31, 2024 (RMB)

September 30, 2025 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Revenue

27,698

6,613

(187)

34,124

24,659

6,682

(167)

31,174

26,112

6,794

(166)

32,740

3,734

972

(24)

4,682

  YOY

(6 %)

3 %

(4 %)

  QOQ

6 %

2 %

5 %

Costs and expenses: 

  Cost of revenue(1)

13,180

4,995

(161)

18,014

12,996

5,467

(148)

18,315

13,042

5,376

(141)

18,277

1,865

769

(20)

2,614

  Selling, general and administrative(1)

5,816

882

(20)

6,678

5,677

925

(21)

6,581

6,455

946

(12)

7,389

923

135

(2)

1,056

  Research and development(1)

5,064

451

-

5,515

4,767

412

-

5,179

5,174

417

-

5,591

740

60

-

800

  Impairment of long-lived assets

-

-

-

-

16,190

-

-

16,190

-

-

-

-

-

-

-

-

Total costs and expenses 

24,060

6,328

(181)

30,207

39,630

6,804

(169)

46,265

24,671

6,739

(153)

31,257

3,528

964

(22)

4,470

  YOY 

  Cost of revenue

(1 %)

8 %

1 %

  Selling, general and administrative 

11 %

7 %

11 %

  Research and development 

2 %

(8 %)

1 %

  Impairment of long-lived assets

-

-

-

  Costs and expenses

3 %

6 %

3 %

  QOQ

  Cost of revenue

0 %

(2 %)

(0 %)

  Selling, general and administrative 

14 %

2 %

12 %

  Research and development 

9 %

1 %

8 %

  Impairment of long-lived assets

(100 %)

-

(100 %)

  Costs and expenses

(38 %)

(1 %)

(32 %)

Operating income (loss)

3,638

285

(6)

3,917

(14,971)

(122)

2

(15,091)

1,441

55

(13)

1,483

206

8

(2)

212

  YOY

(60 %)

(81 %)

(62 %)

  QOQ

-

-

-

Operating margin 

13 %

4 %

11 %

(61 %)

(2 %)

(48 %)

6 %

1 %

5 %

  Add: total other income (loss), net

3,125

(465)

-

2,660

2,031

(85)

-

1,946

1,270

(27)

-

1,243

182

(4)

-

178

  Less: income tax expense (benefit)

1,612

7

-

1,619

(1,868)

40

-

(1,828)

993

36

-

1,029

142

5

-

147

  Less: net income (loss) attributable to NCI

(132)

2

(104)(3)

(234)

49

2

(136)(3)

(85)

(79)

(2)

(4)(3)

(85)

(11)

-

(1)(3)

(12)

Net income (loss) attributable to Baidu

5,283

(189)

98

5,192

(11,121)

(249)

138

(11,232)

1,797

(6)

(9)

1,782

257

(1)

(1)

255

  YOY

(66 %)

(97 %)

(66 %)

  QOQ

-

(98 %)

-

Net margin 

19 %

(3 %)

15 %

(45 %)

(4 %)

(36 %)

7 %

(0 %)

5 %

Non-GAAP financial measures:

Operating income (loss) (non-GAAP)

4,647

406

5,047

2,225

(22)

2,205

2,837

143

2,967

406

20

424

  YOY

(39 %)

(65 %)

(41 %)

  QOQ

28 %

-

35 %

Operating margin (non-GAAP)

17 %

6 %

15 %

9 %

(0 %)

7 %

11 %

2 %

9 %

Net income (loss) attributable to Baidu (non-GAAP)

6,741

(59)

6,709

3,836

(148)

3,770

3,869

109

3,907

553

14

559

  YOY

(43 %)

-

(42 %)

  QOQ

1 %

-

4 %

Net margin (non-GAAP)

24 %

(1 %)

20 %

16 %

(2 %)

12 %

15 %

2 %

12 %

Adjusted EBITDA

6,516

444

6,954

4,398

30

4,429

4,544

196

4,727

650

28

676

  YOY

(30 %)

(56 %)

(32 %)

  QOQ

3 %

553 %

7 %

Adjusted EBITDA margin 

24 %

7 %

20 %

18 %

0 %

14 %

17 %

3 %

14 %

(1) Includes share-based compensation as follows:

 Cost of revenue 

74

29

103

83

30

113

56

23

79

8

3

11

 Selling, general and administrative 

240

57

297

304

36

340

219

33

252

31

5

36

 Research and development 

652

33

685

559

32

591

368

30

398

54

4

58

 Total share-based compensation 

966

119

1,085

946

98

1,044

643

86

729

93

12

105

(2) Relates to intersegment eliminations and adjustments

(3) Relates to the net income attributable to iQIYI noncontrolling interests

Baidu, Inc. 

Selected Information

(In millions except for per ADS information, unaudited)

Twelve months ended

Twelve months ended

Twelve months ended

December 31, 2024 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Baidu
General

Business

iQIYI

Elim &

adj(2)

Baidu,

Inc.

Revenue

104,712

29,225

(812)

133,125

102,485

27,290

(696)

129,079

14,655

3,902

(99)

18,458

  YOY

(2 %)

(7 %)

(3 %)

Costs and expenses: 

  Cost of revenue(1)

44,830

21,954

(682)

66,102

51,498

21,541

(603)

72,436

7,364

3,080

(86)

10,358

  Selling, general and administrative(1)

20,049

3,682

(111)

23,620

22,071

3,857

(85)

25,843

3,156

552

(12)

3,696

  Research and development(1)

20,355

1,778

-

22,133

18,770

1,663

-

20,433

2,684

238

-

2,922

  Impairment of long-lived assets

-

-

-

-

16,190

-

-

16,190

2,315

-

-

2,315

Total costs and expenses 

85,234

27,414

(793)

111,855

108,529

27,061

(688)

134,902

15,519

3,870

(98)

19,291

  YOY 

  Cost of revenue

15 %

(2 %)

10 %

  Selling, general and administrative 

10 %

5 %

9 %

  Research and development 

(8 %)

(6 %)

(8 %)

  Impairment of long-lived assets

-

-

-

  Cost and expenses

27 %

(1 %)

21 %

Operating income (loss)

19,478

1,811

(19)

21,270

(6,044)

229

(8)

(5,823)

(864)

32

(1)

(833)

  YOY

-

(87 %)

-

Operating margin 

19 %

6 %

16 %

(6 %)

1 %

(5 %)

  Add: total other income (loss), net

8,311

(959)

-

7,352

12,828

(289)

-

12,539

1,834

(41)

-

1,793

  Less: income tax expense

4,386

61

-

4,447

1,115

144

-

1,259

159

21

-

180

  Less: net income (loss) attributable to NCI

(28)

27

416(3)

415

(22)

3

(113)(3)

(132)

(3)

-

(16)(3)

(19)

Net income (loss) attributable to Baidu

23,431

764

(435)

23,760

5,691

(207)

105

5,589

814

(30)

15

799

  YOY

(76 %)

(127 %)

(76 %)

Net margin 

22 %

3 %

18 %

6 %

(1 %)

4 %

Non-GAAP financial measures:

Operating income (non-GAAP)

23,890

2,363

26,234

14,319

639

14,950

2,048

91

2,138

  YOY

(40 %)

(73 %)

(43 %)

Operating margin (non-GAAP)

23 %

8 %

20 %

14 %

2 %

12 %

Net income attributable to Baidu (non-GAAP)

26,335

1,512

27,002

18,827

280

18,941

2,692

39

2,709

  YOY

(29 %)

(81 %)

(30 %)

Net margin (non-GAAP)

25 %

5 %

20 %

18 %

1 %

15 %

Adjusted EBITDA

30,587

2,510

33,078

22,051

815

22,857

3,153

117

3,269

  YOY

(28 %)

(68 %)

(31 %)

Adjusted EBITDA margin 

29 %

9 %

25 %

22 %

3 %

18 %

(1) Includes share-based compensation as follows:

 Cost of revenue 

340

121

461

277

112

389

40

16

56

 Selling, general and administrative 

1,153

274

1,427

1,018

163

1,181

146

23

169

 Research and development 

2,746

150

2,896

1,908

127

2,035

273

19

292

 Total share-based compensation 

4,239

545

4,784

3,203

402

3,605

459

58

517

(2) Relates to intersegment eliminations and adjustments

(3) Relates to the net loss attributable to iQIYI noncontrolling interests

Baidu, Inc. 

Condensed Consolidated Statements of Cash Flows

(In millions,unaudited)

Three months ended

Three months ended

Three months ended

Three months ended

December 31, 2024 (RMB)

September 30, 2025 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

Net cash provided by (used in) operating

activities

1,836

520

2,356

1,523

(267)

1,256

2,562

47

2,609

366

7

373

Net cash provided by (used in) investing activities 

(4,741)

(896)

(5,637)

2,233

763

2,996

(17,439)

(947)

(18,386)

(2,494)

(135)

(2,629)

Net cash provided by (used in) financing activities

(1,784)

114

(1,670)

4,532

151

4,683

595

518

1,113

85

74

159

Effect of exchange rate changes on cash, cash

equivalents and restricted cash

582

61

643

(186)

(16)

(202)

(295)

(10)

(305)

(42)

(1)

(43)

Net increase (decrease) in cash, cash

equivalents and restricted cash 

(4,107)

(201)

(4,308)

8,102

631

8,733

(14,577)

(392)

(14,969)

(2,085)

(55)

(2,140)

Cash, cash equivalents and restricted cash

  At beginning of period

37,106

3,791

40,897

26,928

4,139

31,067

35,030

4,770

39,800

5,009

682

5,691

  At end of period

32,999

3,590

36,589

35,030

4,770

39,800

20,453

4,378

24,831

2,924

627

3,551

Net cash provided by (used in) operating

activities

1,836

520

2,356

1,523

(267)

1,256

2,562

47

2,609

366

7

373

Less: Capital expenditures

(2,312)

(21)

(2,333)

(3,378)

(23)

(3,401)

(1,952)

(20)

(1,972)

(279)

(3)

(282)

Free cash flow

(476)

499

23

(1,855)

(290)

(2,145)

610

27

637

87

4

91

Note: Baidu excl. iQIYI represents Baidu, Inc. minus iQIYI's consolidated cash flows.

Baidu, Inc. 

Condensed Consolidated Statements of Cash Flows

(In millions,unaudited)

Twelve months ended

Twelve months ended

Twelve months ended

December 31, 2024 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

Net cash provided by (used in) operating

activities

19,126

2,108

21,234

(3,119)

106

(3,013)

(446)

15

(431)

Net cash used in investing activities 

(6,110)

(2,445)

(8,555)

(24,809)

(327)

(25,136)

(3,547)

(47)

(3,594)

Net cash provided by (used in) financing activities

(12,391)

(1,368)

(13,759)

16,078

1,064

17,142

2,299

152

2,451

Effect of exchange rate changes on cash, cash

equivalents and restricted cash

81

14

95

(696)

(55)

(751)

(101)

(6)

(107)

Net increase (decrease) in cash, cash

equivalents and restricted cash 

706

(1,691)

(985)

(12,546)

788

(11,758)

(1,795)

114

(1,681)

Cash, cash equivalents and restricted cash

  At beginning of period

32,293

5,281

37,574

32,999

3,590

36,589

4,719

513

5,232

  At end of period

32,999

3,590

36,589

20,453

4,378

24,831

2,924

627

3,551

Net cash provided by (used in) operating

activities

19,126

2,108

21,234

(3,119)

106

(3,013)

(446)

15

(431)

Less: Capital expenditures

(8,055)

(79)

(8,134)

(11,978)

(95)

(12,073)

(1,712)

(14)

(1,726)

Free cash flow

11,071

2,029

13,100

(15,097)

11

(15,086)

(2,158)

1

(2,157)

Note: Baidu excl. iQIYI represents Baidu, Inc. minus iQIYI's consolidated cash flows.

Baidu, Inc. 

Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures  

(In millions except for per ADS information, unaudited)

Three months ended 

Three months ended 

Three months ended 

Three months ended 

December 31, 2024 (RMB)

September 30, 2025 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Operating income (loss)

3,638

285

3,917

(14,971)

(122)

(15,091)

1,441

55

1,483

206

8

212

Add: Share-based compensation expenses

966

119

1,085

946

98

1,044

643

86

729

93

12

105

Add: Amortization and impairment of intangible assets resulting from business combinations

43

2

45

60

2

62

45

2

47

6

-

6

Add: Impairment of long-lived assets

-

-

-

16,190

-

16,190

-

-

-

-

-

-

Add: One-time employee severance costs

-

-

-

-

-

-

708

-

708

101

-

101

Operating income (loss) (non-GAAP)

4,647

406

5,047

2,225

(22)

2,205

2,837

143

2,967

406

20

424

Add:  Depreciation of fixed assets and amortization of intangible assets(1)

1,869

38

1,907

2,173

52

2,224

1,707

53

1,760

244

8

252

Adjusted EBITDA

6,516

444

6,954

4,398

30

4,429

4,544

196

4,727

650

28

676

Net income (loss) attributable to Baidu

5,283

(189)

5,192

(11,121)

(249)

(11,232)

1,797

(6)

1,782

257

(1)

255

Add: Share-based compensation expenses

965

119

1,019

945

98

989

642

86

681

92

12

98

Add: Amortization and impairment of intangible assets resulting from business combinations

41

2

42

58

2

59

43

2

44

6

-

6

Add: Impairment of long-lived assets

-

-

-

16,190

-

16,190

-

-

-

-

-

-

Add: One-time employee severance costs

-

-

-

-

-

-

708

-

708

101

-

101

Add: Disposal loss (gain)

7

-

7

(101)

-

(101)

31

-

31

4

-

4

Add: Impairment of long-term investments

84

14

90

97

-

97

59

10

64

8

1

9

Add: Fair value loss (gain) of long-term investments and exchangeable bonds

(288)

(5)

(290)

279

1

279

923

17

931

132

2

133

Add: Reconciling items on equity method investments(2)

679

-

679

15

-

15

(431)

-

(431)

(62)

-

(62)

Add: Tax effects on non-GAAP adjustments(3)

(30)

-

(30)

(2,526)

-

(2,526)

97

-

97

15

-

15

Net income (loss) attributable to Baidu (non-GAAP)

6,741

(59)

6,709

3,836

(148)

3,770

3,869

109

3,907

553

14

559

Diluted earnings (loss) per ADS

14.26

(33.88)

3.71

0.53

Add:  Accretion of the redeemable noncontrolling interests

0.55

0.75

0.75

0.11

Add:  Non-GAAP adjustments to earnings per ADS

4.37

44.25

6.16

0.88

Diluted earnings per ADS (non-GAAP)

19.18

11.12

10.62

1.52

(1) This represents amortization of intangible assets excluding those resulting from business combinations.

(2) This represents Baidu's share of equity method investments for other non-GAAP reconciling items, amortization and impairment of intangible assets not on the investee's books, accretion of their redeemable

noncontrolling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per share.

(3) This represents tax impact of all non-GAAP adjustments.

Baidu, Inc. 

Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures  

(In millions except for per ADS information, unaudited)

Twelve months ended

Twelve months ended

Twelve months ended

December 31, 2024 (RMB)

December 31, 2025 (RMB)

December 31, 2025 (US$)

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Baidu
General

Business

iQIYI

Baidu,

Inc.

Operating income (loss)

19,478

1,811

21,270

(6,044)

229

(5,823)

(864)

32

(833)

Add: Share-based compensation expenses

4,239

545

4,784

3,203

402

3,605

459

58

517

Add: Amortization and impairment of intangible assets resulting from business combinations

173

7

180

262

8

270

37

1

38

Add: Impairment of long-lived assets

-

-

-

16,190

-

16,190

2,315

-

2,315

Add: One-time employee severance costs

-

-

-

708

-

708

101

-

101

Operating income (non-GAAP)

23,890

2,363

26,234

14,319

639

14,950

2,048

91

2,138

Add:  Depreciation of fixed assets and amortization of intangible assets(1)

6,697

147

6,844

7,732

176

7,907

1,105

26

1,131

Adjusted EBITDA

30,587

2,510

33,078

22,051

815

22,857

3,153

117

3,269

Net income (loss) attributable to Baidu

23,431

764

23,760

5,691

(207)

5,589

814

(30)

799

Add: Share-based compensation expenses

4,235

545

4,482

3,199

402

3,381

457

57

484

Add: Amortization and impairment of intangible assets resulting from business combinations

165

7

168

254

8

258

36

1

37

Add: Impairment of long-lived assets

-

-

-

16,190

-

16,190

2,315

-

2,315

Add: One-time employee severance costs

-

-

-

708

-

708

101

-

101

Add: Disposal loss (gain)

(1,982)

22

(1,972)

(423)

-

(428)

(60)

-

(61)

Add: Impairment of long-term investments

172

193

260

257

38

275

37

5

39

Add: Fair value loss (gain) of long-term investments

(393)

(19)

(403)

(4,004)

34

(3,989)

(573)

5

(570)

Add: Reconciling items on equity method investments(2)

1,050

-

1,050

(603)

5

(601)

(86)

1

(86)

Add: Tax effects on non-GAAP adjustments(3)

(343)

-

(343)

(2,442)

-

(2,442)

(349)

-

(349)

Net income attributable to Baidu (non-GAAP)

26,335

1,512

27,002

18,827

280

18,941

2,692

39

2,709

Diluted earnings per ADS

65.91

11.78

1.68

Add:  Accretion of the redeemable noncontrolling interests

1.68

2.71

0.39

Add:  Non-GAAP adjustments to earnings per ADS

9.26

38.92

5.57

Diluted earnings per ADS (non-GAAP)

76.85

53.41

7.64

(1) This represents amortization of intangible assets excluding those resulting from business combinations.

(2) This represents Baidu's share of equity method investments for other non-GAAP reconciling items, amortization and impairment of intangible assets not on the investee's books,

accretion of their redeemable noncontrolling interests, and the gain or loss associated with the issuance of shares by the investees at a price higher or lower than the carrying value per

share.

(3) This represents tax impact of all non-GAAP adjustments.

SOURCE Baidu, Inc.

A logo is seen at Siemens Energy's site in Muelheim an der Ruhr, Germany, August 3, 2022. REUTERS/Wolfgang Rattay/File Photo Purchase Licensing Rights, opens new tab

CompaniesFRANKFURT, Feb 26 (Reuters) - Siemens Energy should not sell its wind division below value, a top-20 shareholder said on Thursday at the group's annual general meeting, where the future of the struggling business will be a key topic after calls for a spin-off.

The future of Siemens Gamesa, which has weighed on Siemens Energy's profits for years, has come into sharper focus after U.S. activist shareholder Ananym in December called for a review and spin-off, arguing it would boost shareholder value.

Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here.

Siemens Energy (ENR1n.DE), opens new tab leadership has been open in principle to the idea but wants to first stabilise the business, which made a 1.36 billion euro ($1.61 billion) operating loss last year and is expected to break even in 2026.

Investors in Germany have backed the strategy of fixing the business before considering strategic steps.

"To be clear: divesting Gamesa at this point in time would be equal to selling it below its value," Deka Investment's Ingo Speich said. "Do not squander away Gamesa."

Ananym said in a statement it had recently held "very constructive direct discussions" with Siemens Energy's leadership, adding: "We are largely in agreement in our thinking about Siemens Gamesa".

Ananym said that even if Siemens Gamesa could be stabilised it was unlikely to reach the margin targets set by the parent.

Siemens Energy has said it wants all of its businesses to generate double-digit margins, far higher than the 3-5% profit margin targeted for Siemens Gamesa by 2028.

"As a result, keeping the wind business even after it has been stabilized is likely to create a continued drag on total company valuation, and will continue to make it difficult for Siemens Gamesa to compete for needed investment capital against the company's higher-return businesses," Ananym said.

It reiterated a spin-off would generate substantial shareholder value.

($1 = 0.8471 euros)

Reporting by Christoph Steitz. Editing by Mark Potter

Our Standards: The Thomson Reuters Trust Principles., opens new tab

K33 AB (publ) (ARCNF) Q4 2025 Earnings Call February 26, 2026 2:00 AM EST

Company Participants

Torbjorn Jenssen - Founder, CEO & MD

Presentation

Torbjorn Jenssen
Founder, CEO & MD

Good morning, and welcome to this Q4 presentation for K33. My name is Torbjorn Bull Jenssen, and I'm the CEO of K33. Most of you might know K33 really well. But for those who don't, we are the crypto exchange for businesses and investors. What is unique with K33 is that you get a named client manager from day 1. You get access to deep institutional liquidity, competitive pricing and ability to execute both small and really large orders without worry. And you get access to reliable banking infrastructure. We natively support 8 different fiat currencies where clients can deposit, trade and withdraw in their preferred fiat currency. And this combination is really what makes K33 ideal for businesses and investors and institutional clients seeking to interact with the digital asset world.

Talking about the digital asset world, the market right now is a bit perplexing. On the one side, the institutional adoption continues at full speed. Underlying drivers have never been stronger, yet we see Bitcoin and Cryptocurrencies falling in price. Last year, Bitcoin ended up with a fall and market activity was really dampened. This is creating a lot of fear and uncertainty among many market participants. But if you look underneath the surface, you see the continued institutional adoption. You see the regulatory maturation continuing at full pace, and this is what makes us extremely optimistic for the future.

Bitcoin right now is actually in a better position than it was back when it was at $120,000. So if you like Bitcoin at $120,000, you should love it at $66,000 because the relevance of a digital programmable, censorship resistant and absolutely scarce money, that

Online grocer targets positive cash flow next year but execution risks weigh on sentiment

Shares in Ocado Group PLC (LSE:OCDO), the online grocery technology group, fell 9.5% to 212.68p in early trading as investors looked past a sharp rise in earnings and focused on execution risks surrounding the company's cash flow targets.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59% to £178 million as group revenue climbed 12.1% to £1.4 billion in the year to November 2025.

Technology Solutions, the core business that powers robot-operated warehouses for overseas grocery groups, grew EBITDA 73% to £140 million.

However, underlying cash flow remained negative at £213 million, widening from an outflow of £199 million the previous year.

The group said it expects to turn cash flow positive in the second half of 2026 and deliver full-year cash generation in 2027, while chief executive Tim Steiner said a "significant number" of jobs would be cut as part of £150 million in cost reductions.

Adam Vettese, market analyst for eToro said guidance for cash flow positivity and cost cuts "sounds promising, but investors are clearly unconvinced, prioritising execution risks over promises", adding that contract fragility and capital intensity remain unaddressed.

Ocado has faced setbacks from overseas partners, with Canada's Sobeys closing one robot-run warehouse and US customer Kroger shutting three fulfilment centres.

Lawrence Jengar Feb 26, 2026 08:05

NEAR Protocol surges 14% to $1.14 with RSI neutral at 51. Technical analysis suggests potential move to $1.40 resistance if bulls maintain momentum above $1.13 pivot.

NEAR Protocol has staged an impressive 14.29% rally in the past 24 hours, climbing from $0.99 to $1.14 as of February 26, 2026. With the token now testing critical resistance levels and showing improved technical momentum, traders are closely watching for the next directional move.

NEAR Price Prediction Summary • Short-term target (1 week): $1.27 • Medium-term forecast (1 month): $1.14-$1.40 range
• Bullish breakout level: $1.40 • Critical support: $1.00

What Crypto Analysts Are Saying About NEAR Protocol While specific analyst predictions are limited, recent technical analysis from blockchain news platforms provides insight into NEAR's trajectory. According to analyst Alvin Lang's February 23rd assessment, "NEAR Protocol trades with RSI at neutral levels, suggesting potential recovery to $1.35 resistance zone within 4-6 weeks if bulls reclaim key pivot levels."

Felix Pinkston noted on February 20th that "NEAR Protocol could rally to $1.20 if it breaks above resistance, with oversold RSI conditions potentially sparking recovery." Today's 14% surge appears to validate this technical outlook.

On-chain data suggests improved network activity, though specific KOL sentiment remains mixed as the protocol navigates current market conditions.

NEAR Technical Analysis Breakdown NEAR's technical picture has improved significantly following today's rally. The RSI sits at a neutral 51.15, providing room for further upside without entering overbought territory. This represents a substantial improvement from the oversold conditions seen in recent weeks.

The MACD remains bearish with a histogram reading of 0.0000, though the convergence suggests momentum may be shifting. NEAR's position at 0.97 within the Bollinger Bands indicates the token is testing the upper band at $1.14, with potential for a breakout above this level.

Key moving averages paint a mixed picture. NEAR trades above both the 7-day SMA ($1.06) and 20-day SMA ($1.04), indicating short-term bullish momentum. However, the token remains below the 50-day SMA ($1.31) and significantly below the 200-day SMA ($2.03), highlighting the longer-term downtrend that needs to be overcome.

The current pivot point sits at $1.13, just below the current price, with immediate resistance at $1.27 and strong resistance at $1.40. Support levels are established at $1.00 (immediate) and $0.86 (strong support).

NEAR Protocol Price Targets: Bull vs Bear Case Bullish Scenario In the bullish case for this NEAR price prediction, a sustained break above the $1.27 immediate resistance could trigger a move toward the strong resistance at $1.40. This represents a potential 23% upside from current levels. Technical confirmation would come from:

RSI breaking above 60 while maintaining momentum MACD histogram turning positive Volume sustaining above the 24-hour average of $46.2 million A decisive close above the 50-day SMA at $1.31 The NEAR Protocol forecast becomes increasingly optimistic if the token can reclaim levels above $1.40, potentially opening a path back toward the $2.00 psychological level over the medium term.

Bearish Scenario The bearish scenario for NEAR involves a failure to hold the $1.13 pivot point, which could trigger a retreat toward the $1.00 support level. A break below $1.00 would expose the strong support at $0.86, representing a potential 25% downside risk.

Key bearish signals to watch include: - RSI falling below 45 - Rejection at the Bollinger Band upper boundary - Volume declining below recent averages - Failure to reclaim the 20-day SMA on any pullbacks

Should You Buy NEAR? Entry Strategy For traders considering NEAR Protocol, the current technical setup offers both opportunities and risks. Conservative entry points include:

Aggressive Entry: Current levels around $1.14, with a stop-loss at $1.00 (12% risk) Conservative Entry: Wait for a pullback to the $1.06-$1.08 range (7-day SMA support) Breakout Entry: Above $1.27 with volume confirmation, targeting $1.40

Risk management is crucial given NEAR's ATR of $0.08, indicating moderate volatility. Position sizing should account for the potential 12-25% downside risk to key support levels.

Conclusion This NEAR price prediction suggests cautious optimism for the protocol in the near term. The 14% rally has improved the technical picture, with the token now testing key resistance levels. A break above $1.27 could trigger the next leg higher toward $1.40, while failure to hold $1.13 may result in a retest of $1.00 support.

The NEAR Protocol forecast remains dependent on broader market conditions and the token's ability to sustain current momentum above key technical levels. Traders should monitor volume and RSI for confirmation of the next directional move.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

near price analysis near price prediction

Rebeca Moen Feb 26, 2026 08:11

APT shows mixed signals at $0.96 with neutral RSI at 43.38. Technical analysis suggests potential rally to $1.24 resistance if key levels hold, though bearish MACD signals caution for March outlook.

APT Price Prediction Summary • Short-term target (1 week): $1.10 • Medium-term forecast (1 month): $0.83-$1.24 range
• Bullish breakout level: $1.24 • Critical support: $0.83

What Crypto Analysts Are Saying About Aptos While specific analyst predictions are limited in recent market commentary, historical forecasts provide context for current price action. Timothy Morano's January 2026 prediction targeting $1.95-$2.30 has not materialized, with APT currently trading significantly below those levels at $0.96.

According to on-chain data platforms, Aptos has shown resilience despite broader market headwinds. The current trading dynamics suggest institutional interest remains, particularly given the substantial 24-hour volume of $34.96 million on Binance spot markets alone.

APT Technical Analysis Breakdown The technical picture for APT presents a mixed but cautiously optimistic outlook. At $0.96, Aptos is trading above its 7-day simple moving average of $0.89 and just above the 20-day SMA at $0.94, indicating short-term momentum recovery.

The RSI reading of 43.38 places APT in neutral territory, suggesting neither overbought nor oversold conditions. This provides room for upward movement without immediate technical resistance from momentum indicators.

However, the MACD tells a more cautious story. With both MACD and signal lines at -0.1122 and a histogram reading of 0.0000, bearish momentum persists despite recent price stability. This divergence between price action and momentum indicators warrants careful monitoring.

The Bollinger Bands analysis reveals APT positioned at 0.58 between the bands, closer to the middle band ($0.94) than either extreme. With the upper band at $1.09 and lower band at $0.78, the current price suggests balanced trading conditions with potential for movement in either direction.

Aptos Price Targets: Bull vs Bear Case Bullish Scenario The most immediate Aptos forecast in a bullish scenario targets the $1.10 immediate resistance level, representing a 14% upside from current levels. This aligns closely with the intraday high of $1.11, suggesting this level has been recently tested.

A sustained break above $1.10 could open the path to the strong resistance at $1.24, offering nearly 30% upside potential. This level becomes crucial for any meaningful APT price prediction, as it represents the gateway to higher targets.

Technical confirmation for bullish momentum would require the RSI to push above 50 and the MACD histogram to turn positive. Additionally, sustained trading above the 20-day moving average at $0.94 remains essential.

Bearish Scenario The bearish case for Aptos centers around the immediate support level at $0.83. A break below this level, particularly on high volume, could signal further downside toward the strong support at $0.71.

Given that APT remains well below longer-term moving averages (50-day SMA at $1.32 and 200-day SMA at $2.81), the broader trend structure suggests vulnerability to deeper corrections. The bearish MACD configuration supports this cautious outlook.

Risk factors include broader cryptocurrency market weakness and any failure to maintain current support levels during periods of increased volatility.

Should You Buy APT? Entry Strategy Based on current technical levels, a layered entry strategy appears most prudent for APT. The immediate support at $0.83 represents an attractive entry point for risk-tolerant investors, offering a favorable risk-reward ratio toward the $1.10-$1.24 resistance zone.

For more conservative approaches, waiting for a confirmed break above $1.10 with accompanying volume could provide better confirmation of upward momentum, though this strategy sacrifices some upside potential.

Stop-loss levels should be placed below the strong support at $0.71, providing reasonable downside protection while allowing for normal market volatility. The daily ATR of $0.07 suggests typical daily moves, helping inform position sizing decisions.

Conclusion The APT price prediction for March 2026 suggests a cautiously optimistic outlook, with potential for testing the $1.24 resistance level if current support holds. However, the mixed technical signals and bearish MACD momentum require careful risk management.

The Aptos forecast balances between immediate upside potential to $1.10 and downside risk toward $0.83. Traders should monitor volume patterns and momentum indicator developments for clearer directional signals.

This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock

apt price analysis apt price prediction

Bitcoin price rebounded over 7% to $69,487 on Thursday amid a spike in short liquidations and improved risk-on sentiment following a bullish Nvidia earnings report.

Summary

Bitcoin price approached $70K amid a short squeeze and bullish Nvidia earnings report. Spot Bitcoin ETFs drew in $257 million in inflows on Wednesday.  According to data from crypto.news, Bitcoin (BTC) price shot up to an intraday high of $69,487 on Thursday, Feb. 26, before settling around $68,200 at press time, still holding 4.6% gains over the past 24 hours. The bellwether’s rebound follows just two days after it fell under $63,000 amid investor fears over macroeconomic and geopolitical uncertainty.

Bitcoin price rallied as investors bought the asset during the recent dip in prices. As BTC price rose, it triggered liquidations of highly leveraged bearish bets across leveraged crypto markets. Data from CoinGlass shows that roughly $576 million worth of positions were liquidated from BTC futures, with around $470 million coming from short positions. Bitcoin alone accounted for $194 million in short liquidations.

Short liquidation occurs when rising prices force traders who bet against the asset to close their positions, with traders having to buy back the asset at higher prices to cover their losses. This, in turn, leads to an immediate spike in prices through a feedback loop often called a short squeeze.

Bullish Nvidia earnings lift market sentiment Another major tailwind that boosted BTC price and other altcoins came from investors embracing a risk-on sentiment as stocks posted modest gains and broader risk sentiment improved with Nvidia Corp.’s latest bullish earnings report.

Notably, the Dow Jones Index increased by 307 points on Wednesday. At the same time, the Nasdaq 100 and S&P 500 indices jumped by 351 and 56 points. 

AI chip-making giant Nvidia, the world’s largest publicly traded company, reported record-breaking earnings for Q4 of Fiscal Year 2026. Quarterly revenue reached an all-time high, increasing 20% quarter-over-quarter and 73% year-over-year. For the full fiscal year 2026, total revenue reached $215.9 billion, a 65% increase from the previous year.

Previously, investors were concerned about excessive AI spending by Big Tech giants. However, the back-to-back bullish earnings from Nvidia, seen as a barometer for the AI-fueled trade, appear to have calmed investors’ nerves.

The return of inflows into spot Bitcoin ETFs also likely played a modest part in improving investor sentiment. Data from SoSoValue show that the 12 spot Bitcoin ETFs recorded $257.7 million in inflows on Wednesday, marking the first triple-digit inflows figures since Feb. 10.

While it is not yet a strong sign of a long-term trend, investors took it as a positive signal that institutional demand remains resilient despite recent market volatility.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

8h20 ▪ 4 min read ▪ by Luc Jose A.

Summarize this article with:

Boosted by the rebound in U.S. equity markets and strong corporate earnings, Bitcoin has once again crossed the $69,500 mark, reconnecting with technical levels closely monitored by investors. After several weeks of hesitation, the return of risk appetite reinvigorates the crypto market. It remains to be seen whether this movement marks a true turning point or a mere rebound fueled by the macroeconomic context.

In brief Bitcoin climbs back above $68,000 after a strong rebound in U.S. equity markets. Strong corporate earnings revive investors’ appetite for risky assets. Bitcoin rapidly rises from $62,400 to nearly $69,500 in less than 24 hours. The $70,000 threshold becomes a key technical and psychological level moving forward. A rally fueled by the return of risk appetite Bitcoin crossed the $68,000 threshold amid a strong rebound in U.S. equity markets. Indeed, BTC moved from about $62,400 to nearly $69,500 in less than 24 hours, benefiting from renewed optimism linked to corporate earnings releases.

The analysis firm QCP Capital summarizes the situation by stating that “the strength of corporate earnings has revived risk appetite,” highlighting that the robustness of profits has rekindled interest in risky assets.

More specifically, several factual factors supported this movement :

Bitcoin reached the $69,500 zone after trading around $62,400 the previous day ; U.S. equity markets recorded a significant rebound, favoring a rotation toward higher volatility assets ; The $68,000 threshold was reclaimed, a technical level observed before the prior consolidation phase. This movement thus fits within a broader macroeconomic dynamic, where the flagship crypto has moved in correlation with traditional indices. At this stage, the facts show momentum driven by improved sentiment in global markets, without prejudging structural strength.

ETF flows and market structure: different signals Beyond the rebound linked to equity markets, flows recorded on spot Bitcoin ETFs listed in the United States constituted another key element. Data indicate that these products recorded significant net inflows, breaking with several sessions marked by outflows. This resurgence of flows suggests renewed institutional interest for direct exposure to BTC via regulated vehicles.

At the same time, derivative market indicators showed a more measured setup. Thus, open interest on futures contracts had declined before the rise, while funding rates remained contained. In other words, the recent increase does not appear to have been driven by excess speculative leverage. The rise seems more supported by spot demand than by aggressive accumulation of leveraged positions.

It remains to be seen if this combination—renewed ETF flows and relatively healthy market structure—will be enough to anchor Bitcoin sustainably above $68,000. The $70,000 threshold now constitutes a psychological and technical level to watch closely.

The continuation of ETF inflows and the maintenance of a favorable macroeconomic environment could consolidate the momentum. Conversely, a reversal of sentiment in traditional markets or a drying up of institutional flows would revive volatility. As often in the crypto market, the balance remains fragile between bullish momentum and structural caution.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Bitcoin approached the $70,000 level on Wednesday evening before retreating to about $68,100 in Thursday trading, highlighting ongoing volatility in digital-asset markets.

The move represented roughly a 5% swing between the session high and an overnight low near $67,700 and marked the strongest attempt to reclaim the $70,000 threshold since the Feb. 5 market downturn.

Despite the advance, analysts cautioned that the move does not yet signal a sustained trend reversal, describing the rally as a temporary recovery rather than the start of a new bull phase.

Altcoins outperform as risk appetite returnsMarket activity showed broader participation beyond bitcoin itself.

Several alternative cryptocurrencies significantly outpaced the largest token.

Ether rose about 8.5%, Solana gained 6.9%, Cardano surged 10.8%, and Dogecoin added roughly 8.3%, while bitcoin’s 4.3% rise was among the smallest gains within the top ten digital assets.

Such divergence often indicates increasing investor risk tolerance, as traders shift toward higher-beta assets after periods of heavy selling.

“The wave of forced selling is starting to clear out,” said Daniel Reis-Faria, CEO of ZeroStack, in a CoinDesk report. “Altcoins are outperforming again, and more of them are ahead of bitcoin. That tells me we're seeing a rotation.”

Trading activity also expanded, with bitcoin volumes rising 34% over 24 hours.

Ethereum moved above the $2,000 resistance level, and the global cryptocurrency market capitalization climbed to approximately $2.26 trillion.

Stocks linked to digital assets followed the move, with Strategy Inc. (formerly known as Microstrategy) and Coinbase Global rising 8.86% and 13.52%, respectively.

More than $580 million in crypto positions were liquidated during the rally, largely wiping out bearish short bets, according to Coinglass.

Bitcoin open interest increased 3.44%, although whale sentiment across major exchanges remained negative.

Market sentiment indicators still reflected caution, with the Crypto Fear & Greed Index showing “Extreme Fear.”

Macro backdrop and market correlationsThe recovery occurred alongside broader financial market strength.

The Dow Jones Industrial Average rose 307.65 points, or 0.63%, while the S&P 500 gained 0.81% and the Nasdaq Composite climbed 1.26%.

Precious metals also advanced modestly.

The cryptocurrency rebound followed Nvidia’s earnings report, which beat expectations but failed to sustain a strong rally in technology shares.

Nasdaq 100 futures fell 0.3% after the release, and Nvidia shares ended extended trading only slightly higher.

Analysts said the macro environment remains fragile.

Market maker Wintermute observed crypto tokens have been moving in tandem with technology equities as investors shift capital toward defensive assets.

Matrixport cited stagnating stablecoin supply as a “significant obstacle” to bitcoin’s recovery, while Glassnode estimated broader liquidity conditions may take at least six months to improve.

Risks and outlook remain uncertainOn-chain indicators suggest selling pressure has eased but not reversed.

CryptoQuant reported bitcoin’s fund-flow ratio remains low, implying reduced sell-side pressure but not a confirmed upward trend.

“If the ratio remains low, any upward price reaction could create the conditions for a strong short squeeze. In other words, be prepared for a relief bounce,” CryptoQuant added.

Technical risks persist.

Bitrue warned that a drop below $60,000 could trigger declines toward $50,000-$55,000 or even $47,000 if liquidations accelerate.

On-chain platform Santiment flagged rising “FOMO” chatter as a “good profit-taking signal.”

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Vitalik Buterin Says Ethereum Will Soon Achieve Quantum Resistance Prefer us on Google

Vitalik Buterin says Ethereum (ETH) will achieve quantum resistance soon via post-quantum hash-based signatures in the Strawmap, a four-year Layer 1 (L1) upgrade plan.

Why it matters:

Quantum computers could break Ethereum’s current encryption; hash-based signatures would close that gap before the threat arrives. Buterin’s confirmation moves quantum resistance from a research topic to a scheduled Ethereum upgrade target. The Strawmap’s six-month fork schedule means quantum-resistant slots could ship within the plan’s first two upgrades. The details:

Buterin confirmed the timeline via X on February 26, 2026, citing the Ethereum Foundation’s Strawmap. The Strawmap was published at strawmap.org after an Ethereum Foundation workshop in January 2026. The name blends “strawman” and “roadmap,” meaning the plan is experimental and built to be revised. The four-year plan targets ~7 forks every six months; Glamsterdam and Hegotá are confirmed for 2026. Buterin also proposed cutting block time to 2 seconds and finality from ~16 minutes to 6–16 seconds. The big picture:

Bitcoin and Solana ecosystems are also running post-quantum research, making it a growing priority across blockchains. A fixed six-month fork schedule marks a faster, more structured upgrade cadence for Ethereum’s L1. The Strawmap is explicitly a draft — timelines, including quantum resistance, could shift as development progresses. Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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After a week of heavy selling, Bitcoin price has finally bounced back strongly, jumping 6% to to its previous 2021 high near $69,000. The sudden move forced bearish traders to close short positions, triggering total liquidations of about $571 million.

Despite this strong recovery, analysts say it is too early to confirm a long-term trend reversal, as key resistance levels are still intact. 

Crypto Liquidation Driving Bitcoin Price RallyToday’s crypto market rally was not driven by bullish news or new regulations. The main reason was forced liquidations. In the past 24 hours, more than 132,000 traders were liquidated, with total losses reaching about $571 million.

Bitcoin alone saw around $231 million in liquidations, while Ethereum recorded over $202 million. Most of these liquidations, more than 85%, came from short positions. Following this, the Fear & Greed Index jumped to 18, showing that traders are regaining confidence.

Another key reason behind the rally is strong inflows into Spot Bitcoin ETFs. On February 25, ETFs saw $506.6 million in inflows, bringing total inflows to about $54.57 billion.

Altcoins and Crypto Stocks Also See Strong RecoveryThe recovery has not been limited to Bitcoin. Major large cap crpytocurreny such as Ethereum, XRP, Solana, Dogecoin, and Cardano have also recorded a rise of 6 to 12% momentum.

Additionally, crypto-related stocks have also seen a sharp recovery. Coinbase shares rose 14%, Strategy, the largest corporate Bitcoin holder, gained 9%, and even the Metaplanet saw a jump of 10%, trading around $331.

Similarly, Stablecoin company Circle surged 34% following strong earnings.

Bitcoin Faces Key Major Resistance AheadAs the crypto market started to recover, crypto analyst Joel Kruger advised traders to stay careful. He believes the market is still in a bearish phase. According to him, another drop is possible if Bitcoin fails to break key resistance levels.

The first major resistance zone is between $70,000 and $72,000. Bitcoin has been rejected in this area three times before, and each time the price fell back below $65,000.

Another important level is near $78,000. This level reflects Bitcoin’s estimated fair value based on on-chain capital flow data. If Bitcoin breaks above $78,000, it would show strong bullish momentum. 

Until that happens, the market may continue to move sideways in a consolidation range.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Was Jane Street behind the dumps traders blame for sudden crashes, or did a lawsuit just flip the mood right now?

That question exploded on Wednesday as a rally hit right when an insider trading case naming Jane Street started spreading.

Crypto added more than $170 billion in market value. Total market cap rose about 8% to nearly $2.5 trillion, as Bitcoin briefly traded above $70,000, per data from TradingView. Ethereum gained more than 13%. Solana surged over 15%.

Traders blame the 10 a.m. dump The timing argument focused on 10 a.m. Eastern. On Wednesday, traders said the usual heavy selling around that hour did not show up after news of the lawsuit.

Bark posted on X that Jane Street dumped Bitcoin “every morning at 10 a.m.” and said it liquidated retail and bought back lower. Bark added that after the lawsuit, “the 10 a.m. dump disappeared,” and called it Bitcoin’s best day in months.

Onchain analyst Nonzee posted: “For months, 10 a.m. meant one thing: the Jane Street dump.” Nonzee added: “Today at 10 a.m.? Bitcoin rips higher instead.”

No public evidence shows the firm sold bitcoin at a fixed daily time. Bloomberg Senior ETF Analyst Eric Balchunas posted “the bogeyman is gone” and asked if the rebound can last.

Todd sues over the TerraUSD collapse The case was filed by the administrator winding down Do Kwon’s Terraform Labs. Todd Snyder, a plan administrator appointed by a bankruptcy court, is seeking damages from Jane Street, co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang.

In a heavily redacted complaint filed Monday in federal court in Manhattan, Snyder alleges the trading giant used material nonpublic information from Terraform insiders to front-run trades that sped up Terraform’s demise.

Terraform collapsed in May 2022 when TerraUSD lost its peg to the dollar. A sister token, Luna, fell close to zero within days. The crash erased about $40 billion, hit hundreds of thousands of investors worldwide, and fed a chain reaction across crypto that later ended in the collapse of Sam Bankman-Fried’s FTX exchange.

The complaint did also pointed out that Jane Street was a career launchpad for Bankman-Fried and Caroline Ellison before they founded Alameda Research and FTX.

Terraform filed for bankruptcy in January 2024, and a wind-down trust was established later that year. Kwon, who founded Terraform in 2018, is serving a 15-year prison sentence after pleading guilty to two criminal counts in August.

Snyder said: “Jane Street abused market relationships to rig the market in its favor.” He said he would pursue claims for Terraform creditors. A spokesperson allegedly replied: “This desperate suit is a transparent attempt to extract money,” and blamed Terra and Luna losses on “a multibillion-dollar fraud” by Terraform management. The spokesperson said the firm would defend itself.

Bryce runs “Bryce’s Secret” chat, complaint says By late 2018, Jane Street signed up to trade directly with Terraform, but the lawsuit says token trading did not ramp until February 2022, when Pratt, a former Terraform intern, was sent to build communication lines with ex-colleagues.

The lawsuit says Pratt created a group chat with former colleagues, including a software engineer and Terraform’s head of business development. The chat was named “Bryce’s Secret,” and the complaint says it funneled Terraform information back to the firm.

Pratt also started an email chain introducing Terraform’s head of business development to the firm’s “DeFi” leaders, the lawsuit says. The parties began regular talks and discussed a possible investment, but the complaint alleges the talks became a back-channel for confidential information used to trade for profit.

A key moment is May 7, 2022, at 5:44 p.m. EST, when Terraform withdrew 150 million TerraUSD from Curve3pool. The complaint says the withdrawal was not publicly announced. Less than 10 minutes later, a wallet that some analysts have linked to Jane Street withdrew 85 million TerraUSD from the same pool, the complaint alleges.

The next day, Kwon said publicly the 150 million withdrawal was meant to move TerraUSD to a new liquidity pool. The complaint says the exact timing tied to the new pool, including any Curve3pool withdrawals, was not public knowledge.

The lawsuit arrives two months after Snyder sued Jump Trading over an alleged secret deal to prop up TerraUSD before the collapse, then exit with billions in gains. The complaint says the firm kept using confidential information, including what it learned from Jump, to trade TerraUSD for more profit.

On May 9, while TerraUSD was depegged but not fully collapsed, Pratt set up a group message with Kwon, Huang, and others at the firm, expressing interest in bidding on either bitcoin or Luna. The complaint says Kwon replied that Bill DiSomma, a Jump co-founder, should have reached out about a Terraform fundraise.

On-chain data shows the Cardano sharks and whales have quietly been accumulating the asset even as the price has gone through a drawdown.

Cardano Sharks & Whales Have Increased Supply Share By 1.6% In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the supply of the Cardano sharks and whales. The indicator of interest here is the “Supply Distribution,” which tells us about the amount of the ADA circulating supply that’s held by a given wallet group.

Addresses or investors are divided into these cohorts based on the number of tokens that they are carrying in their balance. The 1 to 10 coins cohort, for instance, includes the wallets owning between 1 and 10 ADA.

In the context of the current topic, the range of interest is the 100,000 to 100 million coins one. At the current exchange rate, its lower end converts to $30,400 and upper one to $30.4 million. Given the scale involved, the range would cover some of the key investors of the market holding a notable amount.

Holders of this kind are popularly called the sharks and whales. Moves from these traders can sometimes have an effect on the market, so they can be worth keeping an eye on. If nothing else, the behavior of these groups can be revealing about the sentiment among the influential entities.

Now, here is the chart shared by Santiment that shows the trend in the Supply Distribution of the Cardano sharks and whales over the last few months:

The value of the metric appears to have gone up in recent weeks | Source: Santiment on X As displayed in the above graph, the Cardano sharks and whales have seen their Supply Distribution rise over the last few months, indicating that the large investors have been accumulating.

More specifically, the sharks and whales have added 819.4 million tokens (currently worth $248 million) to their wallets over the last six months. This has taken their supply share of the cryptocurrency from 66.84% to 68.44%.

Interestingly, while the sharks and whales have expanded their supply during this window, the asset’s price has witnessed a significant drawdown instead. The timing could suggest that the key investors have been looking at the price decline as an opportunity to enter at lower levels.

From the chart, it’s visible that the accumulation trend has become particularly steep this month. It now remains to be seen whether this buying will pay off for the Cardano sharks and whales or if the asset will go lower still.

ADA Price Cardano has observed a strong surge of 14% during the last 24 hours that has taken its price to $0.30.

The trend in the price of the coin over the last five days | Source: ADAUSDT on TradingView Featured image from Dall-E, chart from TradingView.com

The altcoin rally is firmly back in focus today, as the broader crypto market turns green and risk appetite returns. After days of extreme fear and defensive positioning, improving market conditions triggered a sharp shift in trader behavior. As Bitcoin stabilized and selling pressure eased, capital rotated rapidly into higher-beta assets, igniting a powerful altcoin rally across major tokens. Let’s break down the data and see how each altcoin is positioned.

Altcoins Rally Backed by Social Volume and Broad ParticipationData from Santiment shows that today’s altcoin rally is broad-based, not limited to a single token or narrative. Key signals behind the altcoin rally:

Strong price gains across multiple large-cap altcoinsRising social volume confirming renewed market attentionBreakouts from multi-week consolidation zonesData from Santiment shows that Polkadot (DOT), NEAR Protocol (NEAR), Uniswap (UNI), and Aptos (APT) are among the top gainers, each rallying between 14% and 25% in a single session. The surge is backed not just by price, but also by a noticeable spike in social volume, a classic signal of renewed market interest. This alignment between price and sentiment suggests the altcoin rally is being fueled by real participation rather than short-lived speculation.

Polkadot (DOT) Leads the Altcoin Rally as ETF Narrative Gains TractionPolkadot is leading today’s altcoin rally, surging over 23% and outperforming most peers. DOT broke decisively above a prolonged consolidation range, triggering strong follow-through buying. Momentum strengthened further as ETF-related optimism entered the narrative, following reports that 21Shares filed an amended S-1 registration statement with the U.S. SEC for a Polkadot ETF. While approval is not guaranteed, the filing highlights growing institutional interest in DOT.

Polkadot (DOT) Price key levels:

Resistance: $2.0 – $2.40Support: $1.30-$1.00Bias: Bullish while holding above the breakout zoneNEAR Protocol (NEAR): Altcoin Rally Supports Trend ShiftNEAR gained around 15%, benefiting directly from the improving sentiment driving the altcoin rally. NEAR price rebounded from a key demand zone of $1.00 and reclaimed short-term resistance, signaling a potential trend shift after an extended corrective phase.

NEAR Protocol (NEAR) key levels

Resistance: $1.30 – $1.50Support: $1.00 – $1.08Bias: Constructive above reclaimed supportUniswap (UNI): DeFi Joins the Altcoin RallyUniswap surged nearly 19%, confirming that the altcoin rally is expanding into the DeFi sector. UNI broke above a descending trendline that had capped price for weeks, flipping prior resistance into support, a typical early signal of DeFi rotation during market recoveries.

UNI key levels

Resistance: $4.30 – $5.00Support: $3.80 – $3.40Bias: Bullish while holding trendline supportAptos (APT): High-Beta Momentum Fuels the Altcoin RallyAptos posted gains of roughly 17%, acting as a high-beta accelerator within today’s altcoin rally. The move followed a prolonged compression phase, resulting in a sharp, impulsive breakout as speculative capital re-entered the market.

APT key levels

Resistance: $0.9650 – $0.9700Support: $0.9530 – $0.9500Bias: Momentum-driven, volatility elevatedConclusion: Altcoin Rally Signals Shift in Market BehaviourToday’s bullish price action confirms the altcoin rally is more than a short-lived bounce. As fear fades and confidence returns, traders are rotating capital into higher-momentum altcoins. Polkadot, NEAR, Uniswap and Aptos are leading this phase, supported by technical breakouts, rising social engagement and, in DOT’s case, emerging institutional narratives.

If broader market conditions remain supportive, the altcoin rally could extend further, keeping large-cap altcoins firmly in focus in the near term.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

3 mins mins

Key Insights:

Bitcoin rose sharply at 10 a.m., reversing a pattern of daily sell-offs seen for months. Traders linked the price move to a lawsuit involving Jane Street and halted selling pressure. Analysts noted market gains but said no confirmed evidence ties fixed-time Bitcoin sales to Jane Street. Bitcoin Pumps at 10 a.m. After Jane Street Lawsuit Bitcoin and the wider crypto market posted one of their strongest days of the year, with prices surging around 10 a.m. Eastern time. The timing drew attention because it coincided with a period that had seen consistent selling pressure for months. The news was shared on X, highlighting the unusual market move.

Market data showed Bitcoin trading above $70,000 after weeks of sideways movement. The wider crypto market followed the same path, adding more than $170 billion in total value within one day. Several major tokens posted gains during the same time window.

Claims of a Daily Selling Pattern The price move followed news of a lawsuit involving Jane Street, filed earlier in the week. After the legal filing, traders noted that the usual selling pressure at 10 a.m. did not appear. This change led to renewed discussion across trading desks and social platforms.

An online investigator known as Bark claimed the firm had used an automated system to sell Bitcoin daily. He stated that the strategy “dumped Bitcoin every single morning at 10am” and stopped after the lawsuit became public. Jane Street has not confirmed these claims, and no public trading records show fixed-time sales.

Lawsuit Linked to Terra Collapse The lawsuit was filed by the liquidator handling the collapse of Terraform Labs. The filing alleges that Jane Street used non-public details tied to the Terra-Luna failure to trade ahead of the market. The Terra ecosystem was founded by Do Kwon.

Court documents focus on trades made during the period of the Terra breakdown. The case does not directly mention Bitcoin trading schedules. Still, the timing of the lawsuit and the change in market behavior have raised questions among traders.

Analysts React to the Market Shift Bloomberg ETF analyst Eric Balchunas commented on the situation, noting that a pause in steady selling could allow prices to recover. He wrote that “if the pressure is gone, the market may find balance.” His comments were shared widely as prices continued to rise.

The bogeyman is gone.. That's the vibe rn on CT and in the price action today. I get it too, that big daily dump seemed to kill every rally and everyone's spirit. Is eliminating it enough for a sustained rebound? I guess we'll find out. https://t.co/nOau2SPMbz

— Eric Balchunas (@EricBalchunas) February 25, 2026 Not all analysts changed their stance. Peter Schiff, who had warned of further declines earlier this year, did not revise his view. Traders are now watching upcoming sessions to see if the 10 a.m. pattern returns or if the recent move marks a lasting shift.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Felix Pinkston Feb 26, 2026 06:29

ETH Price Prediction Summary • Short-term target (1 week): $2,184 • Medium-term forecast (1 month): $2,100-$2,300 range • Bullish breakout level: $2,299 • Critical support: $1,918 What Crypto...

ETH Price Prediction Summary • Short-term target (1 week): $2,184 • Medium-term forecast (1 month): $2,100-$2,300 range
• Bullish breakout level: $2,299 • Critical support: $1,918

What Crypto Analysts Are Saying About Ethereum While specific analyst predictions are limited from major crypto Twitter influencers in the past 24 hours, recent market analysis provides valuable insights for our ETH price prediction. According to Blockchain.News analysis from February 24, Ethereum was previously trading in oversold territory with RSI at 29, suggesting a potential technical bounce to the $1,900-$2,100 range if key support levels held firm.

TMGM reported significant institutional accumulation, noting that BitMine purchased 51,162 ETH last week, bringing their total holdings to 4.42 million ETH. According to Fundstrat data cited in their analysis, ETH shows an implied 12-month return potential of 81% with an 87% win rate, supporting a bullish long-term Ethereum forecast.

On-chain data platforms continue to track whale accumulation patterns and network activity metrics that often precede significant price movements in ETH.

ETH Technical Analysis Breakdown Ethereum's current technical setup at $2,068.02 presents a mixed but increasingly bullish picture. The RSI reading of 45.64 indicates neutral momentum, having recovered from previously oversold conditions. This suggests ETH has room to move higher without entering overbought territory.

The MACD histogram at 0.0000 shows bearish momentum is potentially exhausting, often a precursor to trend reversal. Ethereum's position within the Bollinger Bands at 0.7506 indicates the price is trading closer to the upper band ($2,139.48) than the lower band ($1,852.94), suggesting bullish pressure.

Key moving averages reveal a complex picture: while ETH trades above the 7-day SMA ($1,961.97) and 20-day SMA ($1,996.21), it remains below the 50-day SMA ($2,518.91) and 200-day SMA ($3,445.91). This indicates short-term recovery within a longer-term downtrend.

The daily ATR of $101.90 shows significant volatility, creating opportunities for both breakouts and breakdowns.

Ethereum Price Targets: Bull vs Bear Case Bullish Scenario In the bullish case for our ETH price prediction, Ethereum could target the immediate resistance at $2,183.46 within the next week. A break above this level would open the path to strong resistance at $2,298.90, aligning with our medium-term forecast.

Technical confirmation would require: - RSI breaking above 50 - MACD histogram turning positive - Sustained trading above the 20-day SMA - Volume confirmation on breakout attempts

A successful breakout above $2,299 could extend the rally toward the 50-day SMA at $2,518, representing a 22% upside from current levels.

Bearish Scenario The bearish scenario would see ETH failing to hold above the pivot point at $2,032.95, leading to a test of immediate support at $1,917.51. A breakdown below this level could trigger selling toward strong support at $1,767.00.

Risk factors include: - Failure to reclaim the 50-day SMA - MACD remaining in bearish territory - Bitcoin correlation dragging ETH lower - Broader market uncertainty affecting crypto sentiment

Should You Buy ETH? Entry Strategy Based on current technical levels, strategic entry points for ETH include:

Aggressive Entry: Current levels around $2,068 with a stop-loss below $1,918 (immediate support)

Conservative Entry: Wait for a pullback to the $1,950-$1,980 range near the 20-day SMA, offering better risk-reward ratio

Breakout Entry: Above $2,184 with confirmation, targeting $2,299 resistance

Risk management suggests position sizing should account for ETH's high volatility (ATR $101.90). Consider dollar-cost averaging for longer-term positions, given the mixed technical signals and institutional accumulation trends.

Conclusion Our ETH price prediction suggests a cautiously bullish outlook with targets of $2,184 in the short term and $2,100-$2,300 range over the next month. The combination of institutional accumulation, recovering technical indicators, and key support levels holding provides a foundation for this Ethereum forecast.

However, traders should remain vigilant of the broader market conditions and be prepared for volatility given ETH's current technical setup. The 60% confidence level reflects the mixed signals between short-term bullish momentum and longer-term bearish moving average structure.

Disclaimer: This ETH price prediction is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before trading.

Image source: Shutterstock

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