Baidu, Inc (NASDAQ: BIDU) reported fiscal second-quarter revenue of $4.67 billion, flat year-on-year, marginally missing the analyst consensus estimate of $4.70 billion.
Baidu’s adjusted earnings per ADS of $2.89 beat the analyst consensus estimate of $2.58.
Segments: Baidu’s Core revenue increased by 1% year over year to $3.67 billion; Online marketing revenue declined by 2% year over year to $2.64 billion. Non-online marketing revenue grew 10% year over year to $1.03 billion, driven by the AI Cloud business.
Revenue from IQIYI, Inc ...
