Chinese-language Internet search provider, Baidu, reported revenues of US$1.93 billion for the quarter ended 30th June 2014 – a jump of 59% year-on-year. Net income attributable to the company grew 34% from last year, amounting to US$572 million. Diluted earnings per share in the period were RMB 10.09 (US$1.63).
Most of Baidu’s revenues were generated from its online marketing services, which amounted to US$1.91 billion. In the second quarter of 2014, the number of active online marketing customers grew moderately by 4.3% over last year, reaching 488,000. Revenue per online marketing customer in the period was US$3,901, up 50% year-on-year.
Source: Business Strategies Group Hong Kong – www.bsgasia.com