Baidu Inc.’s quarterly revenue fell its most in about three years, hurt by an economic downturn that’s capping its ability to fight bigger rivals in AI and make inroads in newer areas.

Baidu, the company behind China’s top search engine, just had its biggest drop in quarterly sales since 2022. In the second quarter of 2025, revenue fell 4% compared to last year, hitting 32.71 billion yuan ($4.

Chinese search engine giant Baidu fell short of market estimates for quarterly revenue on Wednesday, signaling persistent weakness in the advertising market amid prolonged economic uncertainty. The company reported total revenue of 32.

U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away from the high-flying sector.

Researchers said “95 per cent of organisations are getting zero return” from their investments in generative AI, the technology that has sent US stocks soaring to record highs in recent months. “The story is spooking people,