China's Baidu Tops First-Quarter Revenue Estimates Aided by AI Demand Surge
May 21 - Search engine giant Baidu on Wednesday reported its quarterly revenue rose by 3%, indicating some recovery in the Chinese advertising market.Revenue in the first quarter stood at 32.45 billion yuan , beating analysts' average estimate of 30.9 billion yuan, according to data compiled by LSEG.US-listed shares of Baidu rose 2% in premarket trading.