Baidu sees drop in revenue

Advanced Search

The story appears on

Page A6

October 29, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Baidu sees drop in revenue

By Ding Yining | October 29, 2016, Saturday |

Print Edition

CHINA’S largest search engine operator Baidu reported a lower-than-expected outlook for the fourth quarter after online marketing revenue fell in the third quarter as online customers declined, its quarterly earnings report said yesterday.

Baidu predicted fourth-quarter revenue of between US$2.68 billion and US$2.76 billion, below the U$2.86 billion view from analysts.

Its net profit was 3.1 billion yuan (U$457 million) in the third quarter, up 9.2 percent from a year ago.

In the quarter, Baidu suffered a 6.7 percent fall in online marketing revenue to 16.49 billion yuan after the number of active online marketing customers dropped 16 percent.

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Baidu sees drop in revenue

Email this to your friend