Baidu beats analyst estimates with Q1 revenue up 10% YoY to ~$4.5B and ~$834M net income, up from a ~$13M net loss in Q1 2022, driven by its ad and cloud units (Zheping Huang/Bloomberg) 16-05-2023

Zheping Huang / Bloomberg:
Baidu beats analyst estimates with Q1 revenue up 10% YoY to ~$4.5B and ~$834M net income, up from a ~$13M net loss in Q1 2022, driven by its ad and cloud units — Baidu Inc.’s revenue rose a stronger-than-expected 10% after its advertising and cloud businesses benefited from China’s post-pandemic reopening.