Thursday, May 16, 2024

Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est. (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est.  —  Baidu Inc.'s revenue grew at the slowest pace in more than a year, as China's flagging economy put pressure on its core advertising business.



No comments:

Post a Comment

Patients, families, doctors, and nurses are increasingly turning to AI tools, such as Face2Gene, to help identify rare and hard-to-diagnose diseases (Alex Janin/Wall Street Journal)

Alex Janin / Wall Street Journal : Patients, families, doctors, and nurses are increasingly turning to AI tools, such as Face2Gene, to he...