🔴 Baidu is trading 8.1% down today after second-quarter revenue missed expectations

Baidu is trading 8.1% down at $95.71 after its second-quarter revenue missed expectations.

• On August 18, 2026, revenue fell 4% to 31.33 billion yuan versus the 31.96 billion-yuan analyst estimate.
• Online marketing weakness outweighed 25% growth in the core AI-powered business; advertising revenue declined 19% to 13.1 billion yuan despite AI cloud growth.
• Reuters linked the premarket decline to the earnings miss, while broader market weakness added pressure as the Nasdaq was down 1.21%.