Baidu (BIDU) Stock: 7% Revenue Drop as Ad Slowdown Cancels Out Cloud Gains

TLDR Baidu posted Q3 revenue of 31.17 billion yuan ($4.38 billion), down 7% year-over-year but above the 30.7 billion yuan analyst forecast. Online advertising revenue plunged 18% to 15.3 billion yuan as Chinese companies reduced marketing spending during economic uncertainty. Cloud and AI revenue surged 21% to 9.3 billion yuan, fueled by growing enterprise demand [...]

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