Baidu 4th Quarter Profits Quintupled

Reuters reports that Baidu’s fourth quarter profits “soared 400 percent.” Baidu’s fourth quarter net income increased to “122.8 million yuan (US$15.7 million), or 3.54 yuan (45 cents) per diluted share, compared with the year-earlier quarter’s 24.5 million yuan, or 0.71 yuan per diluted share.” But they expect revenue to “decelerate sharply” in the first quarter […]

Chat with SearchBot

Reuters reports that Baidu’s fourth quarter profits “soared 400 percent.” Baidu’s fourth quarter net income increased to “122.8 million yuan (US$15.7 million), or 3.54 yuan (45 cents) per diluted share, compared with the year-earlier quarter’s 24.5 million yuan, or 0.71 yuan per diluted share.” But they expect revenue to “decelerate sharply” in the first quarter of 2007.


About the author

Barry Schwartz
Staff
Barry Schwartz is a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry can be followed on Twitter here.

Get the must-read newsletter for search marketers.