Baidu Beats Earnings Estimates But Misses on Revenue as AI Push Continues
- Baidu beat earnings estimates but missed on revenue for its latest quarter
- Baidu's revenue grew 6% year-over-year in local currency terms
- The company is pushing growth in AI with new offerings like chatbot Ernie
- Baidu's stock price has struggled over the past year, down 18% over 12 months
- Baidu credited its AI cloud business for its 9% non-marketing revenue growth