What Q4 Baidu Earnings Say About the Outlook for BIDU Stock

Baidu (NASDAQ:BIDU) stock is in the red after the Chinese search engine and artificial intelligence (AI) company reported fourth-quarter earnings. For the period, revenue rose by 6% year-over-year (YOY) to 34.95 billion yuan, or $4.92 billion, just barely below the analyst estimate for 34.97 billion yuan. Adjusted diluted EPS was 21.86 yuan, beating the estimate for 17.87 yuan. Baidu app’s monthly average users (MAUs) increased by 3% YOY to 667 million as well.“Throughout 2023, we made significant strides i ...