Baidu Q3 revenues soar 52% on mobile expansion

Thursday 30 October 2014 | 09:37 CET | News
Baidu reported third-quarter revenues of CNY 13.520 billion (USD 2.203 billion), a 52.0 percent increase from the corresponding period in 2013 thanks to strong growth in the mobile market. The figure was in line with the company's outlook. The Chinese internet services provider posted operating profit of CNY 3.920 billion, up 17.4 percent, and net profit rose 27.2 percent to CNY 3.876 billion or CNY 11.00 per share. Baidu said mobile traffic surpassed PC traffic in the quarter, and mobile revenue contributed 36 percent of its total revenue. To continue the growth in mobile, the company said

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Categories: Internet
Companies: Baidu
Countries: China
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