Baidu Q2 Revenue Misses as Advertising Slides—Is the AI Thesis Still Intact?
· finance.yahoo.com
China’s Baidu (NASDAQ:BIDU) reported its second-quarter results today, missing Wall Street estimates as continued weakness in its advertising business overshadowed growth in artificial intelligence. Baidu reported second-quarter earnings per share of RMB7.22, missing the analyst estimate of RMB9.84. Meanwhile, revenue came in at RMB31.33 billion, down 4% year-over-year. Baidu’s traditional mainstay, online marketing revenue, was […]
China's Baidu (NASDAQ:BIDU) reported its second-quarter results today, missing Wall Street estimates as continued weakness in its advertising business overshado...