Chinese search engine and advertising provider Baidu announced quarterly earnings today. The company fell just shy of financial analysts' estimates, which were $1.54 billion (51 percent growth). Instead, the company announced $1.573 billion in revenue, which was a 50.3 percent increase from a year ago.
For fiscal 2013, Baidu reported total revenues of $5.277 billion, a roughly 43 percent increase over 2012. Profit was $1.849 billion, which was a very tiny 1.3 percent increase vs. a year ago.
The company also reported 753,000 active advertisers for 2013 (and 451,000 in Q4). The 753,000 f [...]
Related Topics: Baidu | Channel: Industry | Top News