China’s Baidu posts 3% fall in third-quarter revenue, meeting market view
- Baidu reported a 3% fall in third-quarter revenue, meeting market estimates, amid weak advertising spending in China's sluggish economy.
- The company's revenue reached 33.56 billion yuan for the September quarter, compared to analysts' average estimate of 33.43 billion yuan.
- Online marketing revenue declined by 4% to 18.8 billion yuan, despite growth in China's AI market.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage