Business momentum in China is building after it dropped most of its strict Covid-19 curbs late last year, with consumers and companies reviving spending.
Baidu's revenue rose 10% to 31.14 billion yuan in the quarter to March 31, surpassing analysts' estimates of 29.97 billion yuan, according to Refinitiv data.
Of this, revenue from Baidu's largest segment, online marketing, accounted for 16.6 billion yuan, up 6%.rose 15% to 8.3 billion yuan, driven by 28% growth in its subscriber base.It reported net income of 5.83 billion yuan, compared to net loss in the year-ago quarter. Excluding items, it earned 16.10 yuan per American Depository Share, higher than Wall Street's estimate of 12.46 yuan.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China's Baidu beats quarterly revenue estimates on China re-openingSearch engine giant Baidu Inc beat first-quarter revenue estimates on Tuesday as businesses spent more on advertising amid China's economy recovery, after the country dropped most of its strict COVID curbs late last year.
Leer más »
China's Baidu beats earnings estimates as chatbot awaits govt approvalSearch engine giant Baidu Inc beat first-quarter revenue and profit estimates on Tuesday as businesses spent more on advertising amid China's post-COVID reopening, and said it was awaiting regulatory approval to launch its ChatGPT-like Ernie bot.
Leer más »
3M chief business officer fired for inappropriate conduct | CNN Business3M fired 30-year company veteran Michael Vale on Friday for “inappropriate conduct,” less than one month after elevating him to a new role as chief business and country officer.
Leer más »
Sexual harassment debate breathes new life into China's #MeToo movement | CNN BusinessA heated online debate on the definition of sexual harassment has broken out in China in the wake of a series of allegations made against an influential screenwriter, rekindling interest in the country's struggling MeToo movement.
Leer más »
Ex-ByteDance employee claims China had 'supreme access' to all data | CNN BusinessChina's Communist Party had 'supreme access' to all data held by TikTok's parent company Bytedance, including on servers in the United States, a former employer who is bringing a wrongful termination lawsuit has alleged.
Leer más »
Baidu tops estimates as it swings to a profitChinese search engine operator Baidu said it swung to a profit of 5.83 billion yuan while revenue rose 10% to 28.41 billion yuan. In dollar terms, its...
Leer más »