Friday, July 26, 2013

Baidu’s revenue up 39% in Q2

News this week: Market leading Chinese-language Internet search provider, Baidu, reported revenues of US$1.2 billion for the quarter ended 30th June 2013, a 39% year-on-year increase. However, net income attributable to the company dropped by 4.5% from last year, amounting to US$431 million. Diluted earnings per share in the period were RMB 7.52 (US$1.22).

In the second quarter of 2013, the number of active online marketing customers jumped by 33% over 2012 reaching 468,000. Revenue per online marketing customer in the period was US$2,623, a rise of 3.9% over last year.

Baidu’s management expects revenues in the third quarter to be between US$1.46 billion and US$1.46 billion, representing an increase of 40%-43% over the third quarter in 2012. Revenues generated in the third quarter of 2012 were US$995 million.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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