Advertising headwinds persist, with forecasted 1% revenue growth year on year for second and third quarters and 2% for the full year. Baidu uncertain on recovery timing for historical growth.
Baidu confident in GenAI as a future earnings driver; diversifying clients across industries, seeing demand from domestic internet platforms.
Despite muted advertising demand from small businesses post-pandemic, Baidu expects steady operating margins due to reduced inference costs and innovation in computing.
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