Baidu said it posted 3.58 billion yuan in profits for the quarter versus a projection of 2 billion yuan. Photo: HandoutBaidu said it posted 3.58 billion yuan in profits for the quarter versus a projection of 2 billion yuan. Photo: Handout
Baidu said it posted 3.58 billion yuan in profits for the quarter versus a projection of 2 billion yuan. Photo: Handout

Baidu narrows revenue drop in second quarter, CEO optimistic on second half despite headwinds

  • For the third quarter, Baidu said its revenues could drop by up to 6 per cent year on year owing to ‘very limited’ business visibility
  • Baidu saw an 8 per cent year-on-year drop in online marketing revenue to US$2.5 billion in the June quarter, versus a 19 per cent decline in the previous quarter

Topic |   Baidu
Baidu said it posted 3.58 billion yuan in profits for the quarter versus a projection of 2 billion yuan. Photo: HandoutBaidu said it posted 3.58 billion yuan in profits for the quarter versus a projection of 2 billion yuan. Photo: Handout
Baidu said it posted 3.58 billion yuan in profits for the quarter versus a projection of 2 billion yuan. Photo: Handout
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