Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business (Evelyn Cheng/CNBC)

Posted on November 21, 2024
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Evelyn Cheng / CNBC:
Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business — BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth.

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