Baidu Earnings: Robust AI Cloud Growth Offset by Continued Macro Weakness in Advertising

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Baidu Earnings: Robust AI Cloud Growth Offset by Continued Macro Weakness in Advertising

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Key Morningstar Metrics for Baidu

What We Thought of Baidu’s Earnings

Baidu’s BIDU December-quarter revenue declined 2% year on year to CNY 34.1 billion. AI cloud revenue grew 26% year on year while advertising revenue continued to fall.

Why it matters: The AI cloud business remains a highlight for the firm, and the results support our view that this will be a long-term growth driver and offset more anticipated weakness from advertising.

  • AI cloud revenue of…

Article Source
https://www.morningstar.com/stocks/baidu-earnings-robust-ai-cloud-growth-offset-by-continued-macro-weakness-advertising

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