On June 16, Baidu fell 3.4% in regular trading, trading at HK$110.8/share, with turnover of HK$143 million.

On the news front, Baidu recently released its Q1 earnings report revealing a stark divergence in business performance. Total revenue reached RMB 32.1 billion, with core business revenue of RMB 26 billion, up 2% year-over-year. AI cloud revenue surged 79% to RMB 8.8 billion, with GPU cloud revenue growth reaching 183%, serving as the core growth engine. However, traditional advertising business declined 28% year-over-year, worsening from the 26% decline in Q4. Baidu App quarterly users dropped by 22 million sequentially, reflecting weakening search competitiveness amid intensifying competition. AI application revenue and AI-native marketing revenue, including Agent and digital human services, also declined quarter-over-quarter.

Within the Interactive Media and Services sector, the broader sector traded lower. Among individual stocks, Tencent down 1.57%, Kuaishou down 2.55%, Bilibili down 2.9%, Meitu down 2.08%, Newborntown down 3.2%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)