Baidu's Q4 revenues jump 29%, profit up 1%; plans IPO for iQiyi

Wednesday 14 February 2018 | 07:58 CET | News
Chinese search provider Baidu reported total revenues of CNY 23.6 billion (approximately USD 3.62 billion) for the fourth quarter of 2017, a 29 percent increase year-on-year and just ahead of its guidance. Mobile revenue represented 76 percent of total revenues, compared to 65 percent for the fourth quarter of 2016. Net income amounted to CNY 4.2 billion, representing 1 percent growth year-on-year, and adjusted EBITDA increased 78 percent year-on-year to CNY 6.9 billion. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Internet
Companies: Baidu / iQiyi
Countries: China
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Baidu revenues lift 31% to CNY 20.9 bln in Q1

Published 28 Apr 2018 10:01 CET | China
Baidu reported revenues for the first quarter to 31 March up 31 percent year-over-year to CNY 20.9 billion (USD 3.33 billion). ...

Baidu announces pricing of iQIYI unit IPO

Published 30 Mar 2018 08:21 CET | China
China's Baidu has announced the pricing of the initial public offering by its subsidiary iQIYI of 125,000,000 American Depositary ...

Baidu's VoD service iQiyi files for USD 1.5 bln IPO in US

Published 28 Feb 2018 15:37 CET | China
iQiyi, the Chinese VoD service owned by Baidu, has filed for an initial public offering of shares in the US. The company claims ...

Baidu's Q3 revenues grow 29%, profit jumps 156%

Published 27 Oct 2017 08:54 CET | China
Chinese language internet search provider Baidu saw its total revenues reach CNY 23.5 billion (approximately USD 3.53 billion) ...

Baidu's iQiyi looking for USD 8-10 bln valuation in IPO - report

Published 26 Sep 2017 09:22 CET | World
IQiyi, the streaming site of Baidu, hopes to stage its initial public offering in the US early next year, Bloomberg reported, ...

Baidu's Q2 profit jumps nearly 83%, revenue up 14%

Published 28 Jul 2017 09:12 CET | China
Chinese internet giant Baidu reported total revenues of CNY 20.8 billion (approximately USD 3 billion) for the second quarter of ...

Baidu's Q1 revenues grow 6.8%, profit down 10.6%

Published 28 Apr 2017 13:31 CET | China
Baidu reported total revenues of CNY 16.8 billion (approximately USD 2.4 billion) for the first quarter of 2017, which represents ...

Baidu posts declining Q4 revenues, profit

Published 25 Feb 2017 02:41 CET | China
Chinese internet giant Baidu reported total revenues of CNY 18.2 billion (approximately USD 2.6 billion) in the fourth quarter of ...