Baidu’s Revenues up 43% in 2013

Posted by Joachim Bartels | Mar 4, 2014 | Baidu, China, Search & Aggregation | 0 |

Baidu reported revenues in the year were US$5.3 billion – a year-on-year growth of 43%. The company posted a net income in 2013 of US$1.7 billion, flat with the previous year. Diluted earnings per share in the period were RMB 29.93 (US$4.94).

For the quarter ended 31st December, revenues were up 50% reaching US$1.6 billion, while net income attributable to shareholders was flat compared with last year, at US$460 million. Baidu’s management expects revenues in the first quarter of 2014 to be between US$1.53 billion and US$1.57 billion, representing an increase of between 54.8% and 59.5% year-on-year.

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

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