Baidu Net Profit, Revenue Likely Fell in Third Quarter -- Earnings Preview

By MarketWatch | Nov 19, 2024 at 10:56 PM EST

Baidu's third-quarter results are anticipated to show a decrease in net profit to 5.02 billion yuan and revenue of 33.88 billion yuan. Analysts expect continued pressure on profitability due to weak advertising demand, but anticipate strong momentum in AI and cloud services.

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