Zheping Huang / Bloomberg:
Baidu reports Q2 revenue up 15% YoY to ~$4.7B, beating ~$4.6B est., and net income up 43% YoY to ~$714M, as China boosts its private sector; BIDU rises 4%+ — – The company reported a larger than projected 15% jump in sales — It’s riding a recovery in advertising from Covid depths
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