China's Baidu misses second-quarter revenue estimates
18/08/2026 10:03
China's Baidu misses second-quarter revenue estimates Aug 18 (Reuters) - China's Baidu 9888.HK, BIDU.O missed Wall Street estimates for quarterly revenue on Tuesday as declines in its core advertising business offset growth in AI-linked cloud services.
The company reported a 4% decline in revenue to 31.33 billion yuan ($4.65 billion) in the second quarter, compared with analysts' average estimate of 31.96 billion yuan, according to data compiled by LSEG.
($1 = 6.7423 Chinese yuan renminbi)
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Pooja Desai)
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