Baidu’s Q1 2015 Revenue Jumps 34%

Posted by Joachim Bartels | May 14, 2015 | Baidu, China, Search & Aggregation | 0 |

Baidu Q1 revenues were US$2.1 billion, a jump of 34% over the same period last year. Net income was US$395 million, down 3.4% over the first quarter of 2014. Diluted earnings per share in the period were RMB 6.76 (US$1.09)

More than 98% of Baidu’s revenues were generated from its online marketing services. The number of active online marketing customers increased 17.5% to about 524,000 in the first quarter of 2015, while revenue per customer grew to US$3,839 – an increase of 13.9% over the corresponding period of last year.

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

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Joachim Bartels

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