Chinese internet giant Baidu posted flat second-quarter revenue on Thursday, as an uncertain economic outlook in the country weighs on household consumption.
Baidu, which operates China's top search engine, derives a large part of its sales from advertising -- a sector vulnerable to slumps in personal and business spending.
Its second-quarter revenue was 33.93 billion yuan ($4.67 billion), remaining level year-on-year, according to a filing with the Hong Kong Stock Exchange.
The latest figure compares to the 34.06 billion yuan posted in the same period of 2023.
Net profit during the second quarter stood at 5.5 billion yuan ($770 million), the statement added, up five percent year-on-year.
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