Lates News

The Daiwa analyst report pointed out that Baidu's advertising business revenue may further decline in the third quarter due to Baidu's cautious monetization process of its AI search. Although its AI cloud and autonomous taxi businesses are steadily advancing, Baidu's advertising business is facing "increasing pressure". These analysts expect the large-scale monetization of AI search to be achieved by the end of 2025. Daiwa expects Baidu's year-on-year decline in core marketing revenue in the third quarter to increase from 15% in the second quarter to 24%, thereby pushing down its core operating profit to 2.1 billion yuan, the lowest level in six years. Daiwa maintains a buy rating on Baidu but lowers its target price from HK $93.00 to HK $92.00.