https://phys.org/news/2019-02-baidu-profit-falls-revenue.html

Earnings were hit by losses stemming from non-controlling interests in Baidu's video unit iQiyi, which was spun off last year, and continued investments into new fields.

But total revenues for the quarter were a better-than-expected 27.2 billion yuan, beating analyst estimates and Baidu's own projections, and the company indicated it planned to stay the course.