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Wireless

Baidu's Q1 revenue drops 7%, net profit drops to CNY 41 mln sequentially

Tuesday 19 May 2020 | 11:14 CET | News
Baidu posted total revenues of CNY 22.5 billion (USD 3.18 billion) for the first quarter of 2020, which represents a decline of 7 percent year-on-year. Online marketing revenues amounted to CNY 14.2 billion (USD 2.01 billion), down 19 percent year-on-year. Other revenues were CNY 8.3 billion, up 28 percent year-on-year, mainly boosted by the strong growth in iQIYI membership, cloud service and smart devices, the company said.

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Categories: Mobile & Wireless
Companies: Baidu / iQiyi
Countries: China
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