Baidu, the Chinese internet giant, reported its financial results for the second quarter of 2024, revealing flat revenue performance amidst an economic slowdown in China. The company recorded total revenues of CNY 33.9 billion ($4.67 billion), slightly below market expectations of CNY 34.1 billion. Despite the stagnation in overall revenue, Baidu's net income rose by 5% to CNY 5.5 billion ($755 million), with diluted earnings per ADS increasing to CNY 15.01 from CNY 14.17 in the previous year. Baidu Core, a significant segment of the company, saw a 1% year-over-year revenue increase to CNY 26.7 billion ($3.67 billion), driven by a 10% rise in non-online marketing revenue. The company's AI Cloud business demonstrated steady growth, helping to offset the challenges faced in online marketing revenue, which declined by 2% year-over-year. The company also reported ¥21.02 EPS, exceeding estimates, and its app reached 703 million monthly active users, up 4% year-over-year. Baidu's performance underscores the challenges of transitioning from traditional search advertising to AI-focused solutions amid economic headwinds.