# Baidu reports advertising decline as AI cloud and capex rise

_Tuesday, August 18, 2026 at 2:26 PM EDT · AI, Products · Latest · Tier 2 — Notable_

![Baidu reports advertising decline as AI cloud and capex rise — Primary](https://media.thenextweb.com/2026/08/Baidu-Science-Technology-Park.jpg)

Baidu reported second-quarter revenue of RMB31.3 billion, down 4% year on year, while online marketing revenue fell 19% to RMB13.1 billion, The Next Web reports. Its Core AI-powered Business generated RMB12.5 billion, up 25%, and AI Cloud Infra rose 50% to RMB7.3 billion. Excluding iQIYI, capital expenditure tripled to RMB11.4 billion as the company invested in chips and data centers.

## Sources

- [The Next Web](https://thenextweb.com/news/baidu-q2-2026-earnings-revenue-fifth-drop-ai-cloud)

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Canonical: https://techandbusiness.org/newswire/Z1LN0dN92LnDzvou-VEPdx
Retrieved: 2026-08-18T22:03:32.154Z
Publisher: Tech & Business (techandbusiness.org)