Baidu (BIDU) Reports Q3 Revenue of $4.57B, Net Loss of $670M

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Go back to Baidu (BIDU) Reports Q3 Revenue of $4.57B, Net Loss of $670M

Baidu Announces Third Quarter 2022 Results

November 22, 2022 4:00 AM EST

BEIJING, Nov. 22, 2022 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the third quarter ended September 30, 2022.

"Baidu Core delivered a solid set of financial and operational results in the third quarter, despite the continued challenges posed by the COVID-19 resurgence. Baidu Core's revenue resumed positive growth, driven by a gradual recovery of our online marketing business and the steady growth of our AI Cloud revenue. Notably, we continued to make... More