Baidu warns of ad revenue slowdown after quarterly results beat

Baidu warns of ad revenue slowdown after quarterly results beat

3 years ago
Anonymous $FNmJglWnLu

https://www.reuters.com/article/baidu-results/baidu-warns-of-ad-revenue-slowdown-after-quarterly-results-beat-idUSKBN2I20O3

(Reuters) -Baidu Inc beat quarterly revenue and profit estimates on the strength of its cloud business, but warned that China's regulatory crackdown and the pandemic would weigh on advertising sales in the coming quarters.