China's Baidu beats quarterly revenue estimates
18/05/2026 10:02
May 18 (Reuters) - China's Baidu 9888.HK, BIDU.O topped market estimates for quarterly revenue on Monday, boosted by strong demand for its cloud computing services, which helped offset lingering weakness in its advertising business. Total revenue in the first quarter ended March stood at 32.1 billion yuan ($4.72 billion), compared with analysts' average estimate of 31.35 billion yuan, according to data compiled by LSEG. ($1 = 6.7952 Chinese yuan renminbi) (Reporting by Deborah Sophia in Bengaluru; Editing by Pooja Desai) ((DeborahMary.Sophia@thomsonreuters.com;))
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