Baidu’s Revenue Climbs 6%, Outperforming Market Predictions Amid AI Advancements



Baidu, Inc (NASDAQ: BIDU) reported a fourth-quarter fiscal 2023 revenue growth of 6% year-on-year to $4.92 billion, beating the consensus of $4.86 billion

Baidu’s adjusted earnings per ADS of $3.08 beat the consensus of $2.48.

Segments: Baidu’s Core revenue increased 7% Y/Y to $3.87 billion; Online marketing revenue improved 6% Y/Y to $2.70 billion. Non-online marketing revenue grew 9% Y/Y to $1.17 billion, driven by AI Cloud business. 

Revenue from IQIYI, Inc (NASDAQ:IQ) …

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