Categories AlphaGraphs, Earnings, Technology
BIDU Earnings: Baidu Q3 2024 adjusted profit drops on lower revenues
Internet search service provider Baidu, Inc. (NASDAQ: BIDU) Thursday reported a decline in adjusted profit for the third quarter of 2024. Revenues declined modestly year-over-year.
Total revenues of the China-based tech firm dropped 3% year-over-year to RMB33.6 billion ($4.78 billion) in the September quarter. The Baidu app had 704 million monthly active users at the end of the quarter, up 6% year-over-year.
Third-quarter adjusted earnings dropped to RMB16.6 per ADS ($2.37 per ADS) from RMB20.40 per ADS in the corresponding period of fiscal 2023. On an unadjusted basis, net income was RMB21.6 per ADS ($3.08 per ADS).
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
