Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal:
Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff  —  First-quarter net profit fell 55% from a year earlier  —  Baidu recorded another sharp profit drop and a fourth straight quarter …

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