AIBloomberg1h ago
Baidu reports Q2 revenue down 2% YoY
Baidu reports Q2 revenue down 2% YoY to ~$4.62B, below ~$4.69B est. and its fifth straight quarterly decline, and net income of ~$341M, as it lags AI rivals
Baidu Inc.'s revenue fell for a fifth consecutive quarter, reflecting a weakening position in ads as well as AI development against rivals like Moonshot.
Read full articleSource: Bloomberg · Opens in new tab