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Wireless

Baidu's revenues almost flat, turns to net loss in Q3

Thursday 7 November 2019 | 07:37 CET | News
Chinese internet giant Baidu reached total revenues of CNY 28.1 billion (approximately USD 3.93 billion), flat from last year, and up 7 percent quarter-on-quarter. Online marketing revenues were CNY 20.4 billion, which represents a decline of 9 percent year-on-year and an increase of 6 percent quarter-on-quarter. Other revenues amounted to CNY 7.6 billion, up 34 percent year-on-year, driven mainly by the strong growth in iQIYI membership, cloud services and smart devices.

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