Baidu reports Q4 revenue rose 9% YoY to ~ $ 5.2B as net income drops to ~ $ 269M, as the company transitions from online marketing to components supplier (Zheping Huang / Bloomberg)


Zheping Huang / Bloomberg:

Baidu reports Q4 revenue rose 9% YoY to ~ $ 5.2B as net income drops to ~ $ 269M, as the company transitions from online marketing to components supplier– Baidu Inc.’s revenue beat estimates after efforts to monetize artificial intelligence technology helped offset losses in ad sales triggered by China’s economic slowdown.

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