Baidu Announces Second Quarter 2023 Results

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Go back to Baidu Announces Second Quarter 2023 Results

Baidu (BIDU) posts blow-out Q2 earnings as revenues surge 15%, amps up AI bets

August 22, 2023 6:21 AM EDT

Baidu (NASDAQ: BIDU) gained over 4% in pre-open trading Tuesday after posting blow-out results on the top and bottom line in its second quarter, benefiting form its early investments in AI.

Revenue in U.S. dollars for the quarter was up 15% from last year to $4.697 billion, versus the... More

Baidu (BIDU) Tops Q2 EPS, Revenue

August 22, 2023 6:07 AM EDT

Baidu (NASDAQ: BIDU) reported Q2 EPS of RMB22.55, RMB5.74 better than the analyst estimate of RMB16.81. Revenue for the quarter came in at RMB34.06 billion versus the consensus estimate of RMB33.33 billion.

Revenue is U.S. $ was $4.697 billion, versus the consensus of $4.57 billion.... More