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Baidu's profit grows 9% in Q1

Friday 26 April 2013 | 04:10 CET | News
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Chinese search services provider Baidu posted a net income of CNY 2.04 billion in the first quarter, up 8.5 percent year-on-year. Revenues grew 40 percent to CNY 5.97 billion, in line with guidance. Online marketing revenues were CNY 5.95 billion, up 39.7 percent, as the company recorded around 410,000 active online marketing customers. The number of customers grew by 27.7 percent year-on-year. In the second quarter, Baidu expects revenues between CNY 7.37 and 7.55 billion, up 35.1 to 38.4 percent year-on-year.

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Categories: Internet
Companies: Baidu
Countries: China
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