Baidu Revenues Up 42%

Posted by Joachim Bartels | Nov 8, 2013 | Baidu, China, Search & Aggregation | 0 |

Baidu announced its results for the quarter ended 30^th 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 30^th 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.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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