BIDU(BIDU) - 2022 Q3 - Quarterly Report

Exhibit 99.1 Baidu Announces Second Quarter 2022 Results BEIJING, China, August 30, 2022 –Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the second quarter ended June 30, 2022. "Despite a challenging macro environment caused by Covid-19, Baidu Core generated RMB23.2 billion in revenues in the second quarter, while Baidu AI Cloud revenues maintained rapid growth momentum of 31% yea ...