Baidu reports Q4 revenue down 4% YoY to ~$4.8B, its third consecutive quarter of revenue decline, and net profit down 66% YoY to ~$259M, below ~$374M est. (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal: Baidu reports Q4 revenue down 4% YoY to ~$4.8B, its third consecutive quarter of revenue decline, and net profit down 66% YoY to ~$259M, below ~$374M est.   —  Fourth-quarter net profit dropped 66% from a year earlier  —  Baidu reported sharply lower profit, with revenue declining for a third consecutive quarter.