Bloomberg:

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 the search leader's persistent lag in AI development and a struggling advertising business.

Bloomberg:

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 the search leader's persistent lag in AI development and a struggling advertising business.

Source: TechMeme
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