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Baidu's Q3 Earnings: Revenue Slides, Weak Online Ads Market Impact Margins
Baidu Inc (BIDU) Q3 2024 Earnings Call Highlights: Navigating Challenges With AI Growth and ...
[Brokerage Focus] Sinolink maintains a "buy" rating on Baidu (09888), stating that the macro environment is relatively weak, and the advertising business is under pressure.
Jingwu Financial News | Sinolink's research report indicates that Baidu (09888) achieved revenue of 33.6 billion yuan in Q3 2024, a decrease of 3% year-on-year, and a Non-GAAP net income of 5.9 billion yuan, down 19% year-on-year. In Q3 2024, Baidu's core revenue was 26.5 billion yuan, a slight decrease of 0.29% year-on-year, with a Non-GAAP net profit attributable to Baidu's core business of 7.54 billion yuan, an increase of 17% year-on-year. Online marketing revenue reached 18.8 billion yuan, down 4% year-on-year, and the weak macro environment has exerted some pressure on advertising business, while AI-driven product redesign for user search has had a certain impact on short-term commercialization.
Express News | Baidu Inc : Jefferies Cuts Target Price to $126 From $134
Hong Kong Shares Edge Higher, Supported by Consumer Stocks -- Market Talk
Express News | Hong Kong Shares of Baidu Inc Set to Open Down 5.4%
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