Baidu (BIDU) Tops Q1 EPS by RMB 3.90, Beats on Revenue

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Baidu Announces First Quarter 2023 Results

May 16, 2023 5:00 AM EDT

BEIJING, May 16, 2023 /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 first quarter ended March 31, 2023.

"In the first quarter of 2023, Baidu Core delivered a solid performance, with year-on-year revenue growth accelerating from previous quarters, supporting operating margin improvement through operating leverage," said Robin Li, Co-founder and CEO of Baidu. "We believe the... More