Baidu revenue beats estimates as core search business recovers

//Baidu revenue beats estimates as core search business recovers

Baidu revenue beats estimates as core search business recovers

Baidu Inc’s quarterly revenue rose a better-than-expected 5 per cent after the company lured users and advertisers back to its core search business.Revenue came in at 30.3 billion yuan (US$4.64 billion) for the three months ended December 31, compared with analysts’ average estimate of 30.1 billion yuan. China’s internet search leader forecast sales of 26 billion yuan to 28.5 billion yuan for the period ending in March.Once one of China’s big three technology titans alongside Alibaba Group…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-02-18T01:33:01+00:00 February 18th, 2021|Technology|Comments Off on Baidu revenue beats estimates as core search business recovers