Baidu’s quarterly revenue rises 15 percent

February 21, 2019

(Reuters) – Chinese search engine operator Baidu Inc reported a 15.4 percent rise in quarterly revenue on Thursday, aided by strong growth in its online marketing business.

Net income attributable to the company fell to 2.08 billion yuan ($309.55 million) in the fourth quarter ended Dec. 31, from 4.16 billion yuan a year earlier.

Total revenue rose to 27.2 billion yuan from 23.56 billion yuan. Analysts on average had expected an 11.4 percent rise, according to IBES data from Refinitiv.

(Reporting by Cate Cadell in Beijing; Additional reporting by Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli)

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