China's Baidu posts 3% fall in third-quarter revenue, beats market estimates
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Baidu reported a 3% decline in third-quarter revenue, surpassing market expectations despite weak advertising spending in a sluggish Chinese economy.
November 21, 2024 | 9:30 am
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Baidu's third-quarter revenue fell by 3%, but the company exceeded market expectations. The decline is due to weak advertising spending amid a sluggish Chinese economy.
Despite a 3% revenue decline, Baidu exceeded market expectations, which is a positive indicator for investors. The weak ad spending reflects broader economic challenges, but beating estimates suggests resilience.
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