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Baidu Shares Tumble
China's Baidu says advertisers still subdued as revenue falls 3%
China's Baidu on Thursday said it had not yet seen any notable improvement in advertising spending patterns or consumer spending despite recent government stimulus efforts, as it reported a 3% fall in third-quarter revenue.
Baidu Shares Tumble After Revenue Falls Again
Its stock declined as much as 10% in early Hong Kong trade Friday and was down 9.1% at 76.25 Hong Kong dollars at midday break, the equivalent of $9.80. Baidu's ADRs fell 5.9% to $81.63 in the U.S. after earnings were released on Thursday.
Baidu posts 3% drop in third-quarter revenues, beating market expectations
Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app.
China's Baidu Posts Decline In Q3 Revenue
Chinese AI Pioneer Baidu Posts Biggest Sales Fall Since 2022
Baidu Inc. recorded its biggest revenue drop in more than two years after China’s economic malaise undermined its push into generative AI.
China's Baidu Posts Decline In Q3 Revenue As AI Drive Deepens
Chinese internet giant Baidu on Thursday posted a decline in quarterly revenue, the latest indication of slumping sales this year as the firm pushes into artificial intelligence.
Baidu experiences worst quarter sales decline in two years
Chinese tech giant Baidu recorded its worst quarter in more than 24 months as the country’s economy was not conducive to Baidu’s push into generative AI. For the quarter ending September, Baidu saw its revenue drop by 3% to $4.
9h
on MSN
Baidu’s supercheap robotaxis should scare the hell out of the US
But it’s Baidu’s achievements in cost-effectiveness that should have Waymo and other robotaxi operators a little ...
19h
Baidu Q3 2024 Review: The Good, The Bad, And The Ugly
Baidu's Q3 earnings disappoint, but long-term prospects shine bright with strong AI and autonomous driving advancements. See ...
2d
on MSN
Baidu Bulls Retreat as Earnings to Highlight Firm’s AI Challenge
Optimism about Baidu Inc.’s US-listed shares is waning ahead of the company’s third-quarter results, as traders debate ...
13h
Baidu price target lowered to $130 from $135 at Benchmark
Benchmark lowered the firm’s price target on Baidu (BIDU) to $130 from $135 and keeps a Buy rating on the shares. While stating that Q3 was ...
Computerworld
11d
Baidu releases new AI offerings on the way to broader commercialization of the technology
Baidu
has introduced a text-to-image generator dubbed I-RAG and a no-code developer platform called Miaoda as part of its ...
1d
Baidu's Q3 Earnings: Revenue Slides, Weak Online Ads Market Impact Margins
Baidu reported Q3 revenue of $4.78B, down 3% YoY but beating estimates. Earnings per ADS of $2.37 also beat estimates. Stock ...
1d
Baidu Inc (BIDU) Q3 2024 Earnings Call Highlights: Navigating Challenges with AI Growth and ...
Baidu Inc (BIDU) showcases robust AI cloud growth and strategic focus amidst a challenging macroeconomic environment.
10d
Baidu bolsters AI lineup with enhanced text-to-image tech, no-code app builder
China's Baidu Inc unveiled a slew of new applications for its artificial intelligence technology on Tuesday, including an ...
2d
Can Baidu Break Bearish Spell? Buying Pressure Shows Bullish Pre-Earnings Potential
Baidu stock is navigating a strongly bearish trend as its share price sits below its five, 20 and 50-day exponential moving ...
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