Categories Analysis, Technology

BIDU Earnings: Highlights of Baidu’s Q1 2023 financial results

Baidu, Inc. (NASDAQ: BIDU) on Tuesday reported higher revenues and adjusted earnings for the first quarter of 2023, with both operating segments registering growth.

Baidu Q1 2023 earnings infographic

Total revenues of the China-based technology company increased 10% year-over-year to RMB31.1 billion ($4.54 billion) in the March quarter. The Baidu app had 657 million monthly active users at the end of the quarter, which is up 4% year-over-year.

First-quarter adjusted earnings moved up to RMB16.10 per ADS ($2.34 per ADS) from RMB11.22 per ADS in the corresponding period of fiscal 2022. On an unadjusted basis, net income was RMB15.92 per ADS ($2.32 per ADS), compared to a loss of RMB2.87 per ADS last year.

Prior Performance

  • Baidu Q3 2022 earnings infographic
  • Baidu Q2 2022 earnings infographic
  • Baidu Q1 2022 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Infographic: How Alaska Air Group (ALK) performed in Q1 2024

Alaska Air Group (NYSE: ALK) reported its first quarter 2024 earnings results today. Total operating revenue increased 2% year-over-year to $2.23 billion. Net loss amounted to $132 million, or $1.05 per

KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops

Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full

What to expect when Altria (MO) reports first quarter 2024 earnings results

Shares of Altria Group, Inc. (NYSE: MO) stayed green on Wednesday. The stock has dropped 8% over the past one month. The tobacco giant is scheduled to report its first

Add Comment
Viewing Highlight