Tracy Qu / Wall Street Journal:

Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff  —  First-quarter net profit fell 55% from a year earlier  —  Baidu recorded another sharp profit drop and a fourth straight quarter …

Tracy Qu / Wall Street Journal:

Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff  —  First-quarter net profit fell 55% from a year earlier  —  Baidu recorded another sharp profit drop and a fourth straight quarter …

Source: TechMeme
Source Link: https://www.techmeme.com/260518/p15#a260518p15