Baidu Inc (BIDU) has released an update.
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Baidu Inc. reports stable online marketing revenue and significant growth in AI Cloud revenue for Q1 2024, driven by the optimization of its AI technology stack. The company’s non-GAAP operating margin has improved both annually and quarterly, highlighting its consistent operational efficiency. Additionally, Baidu has returned $229 million to shareholders and released an ESG report showcasing its commitment to sustainability.
For further insights into BIDU stock, check out TipRanks’ Stock Analysis page.