Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:

Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others  —  Baidu Inc. posted a surprise rise in revenue, after efforts to expand in areas such as cloud computing and autonomous driving offset weak ad sales in China.

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