Baidu's Profit Jumps 14% in Q3; Revenue Falls 3%

MT Newswires Live11-21 18:25

Baidu (HKG:9888) recorded a 14% rise in attributable net income for the quarter ended Sept. 30 to 7.63 billion yuan from 6.68 billion yuan a year prior, a Thursday Hong Kong bourse filing said.

Earnings per share rose to 2.70 yuan from 2.28 yuan in the third quarter of 2023.

Revenue at the Chinese technology company fell 3% to 33.6 billion yuan in the quarter from 34.4 billion yuan in the year-ago period.

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