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Baidu Q1 revenue misses expectations as AI payoff slows
Baidu reports Q1 revenue of ~$4.7B, down 1.1% year-on-year, with net profit falling 55% to ~$506.6M amid a slow return on AI investment.
Tracy Qu / Wall Street Journal: Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff — First-quarter net profit fell 55% from a year earlier — Baidu recorded another sharp profit drop and a fourth straight quarter …
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