Friday, November 08, 2013

Baidu revenue jumps 42%

News this week: Last week, NASDAQ-listed Chinese-language Internet search provider, Baidu, announced its results for the quarter ended 30th September 2013. Revenues jumped to US$1.5 billion, a growth of 42% compared with the same quarter last year. Net income attributable to the company was US$498 million, a moderate increase of 1.3% over the same period last year. Diluted earnings per share in the quarter were RMB 8.63 (US$1.41).

As of 30th September, Baidu had about 464,000 active online marketing customers, a year-on-year 42% growth. Revenue per online marketing customer this quarter was US$3,121 – an increase of 19% compared with the third quarter of 2012.

The management forecasts revenues in the fourth quarter to be between US$1.51 billion and US$1.44 billion, an increase of 46% to 50% over the fourth quarter of 2012. Revenues in the fourth quarter of 2012 were US$1.02 billion. The company stated the forecast reflects its current and preliminary view, which is subject to change.

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