百度：Impact from proactive business adjustment likely in line with our expectation

17 Jul 2024 CMB International Global Markets | Equity Research | Company Update Baidu (BIDU US) Impact from proactive business adjustment likely in line with our expectation We expect Baidu Core business to deliver revenue growth in line with our expectation but slightly slower than market consensus estimates in 2Q24E, owing to the proactive business adjustment to embed more GenAI-related results in search results which are currently under-monetized, as well as the soft macro environment which has weighed o ...