Baidu: Back To Growth

Baidu (NASDAQ:BIDU) has recently reported Q4 results, beating earnings estimates but with a slight miss on revenue. Shares fell 5% after the news mainly due to the relatively weak guidance. The good news is that the effects of new regulation on online advertising is mostly gone and the core search business will soon be growing again, helped by the integration of AI. Baidu's core search results were actually better than I thought. I expected the biggest impact of the new regulation to have its greatest impact on Q4 results, and I was expecting a bigger contraction.