Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others (Zheping Huang/Bloomberg)
Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others (Zheping Huang/Bloomberg) https://bit.ly/3t0iOU9
Zheping Huang / Bloomberg:
Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others — Baidu Inc. posted a surprise revenue rise, after efforts to expand in areas such as cloud computing and autonomous driving offset weak ad sales in China.
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