Categories AlphaGraphs, Earnings, Technology

BIDU Earnings: Highlights of Baidu’s Q2 2023 financial results

Baidu, Inc. (NASDAQ: BIDU) on Tuesday reported higher revenues and adjusted earnings for the second quarter of 2023. Both operating segments — Baidu Core and iQIYI registering growth.

Baidu Q2 2023 earnings infographic

Total revenues of the China-based technology company increased 15% year-over-year to RMB34.06 billion ($4.70 billion) in the June quarter. The Baidu app had 677 million monthly active users at the end of the quarter, which is up 8% year-over-year.

Second-quarter adjusted earnings moved up to RMB22.55 per ADS ($3.11 per ADS) from RMB15.79 per ADS in the corresponding period of fiscal 2022. On an unadjusted basis, net income was RMB14.17 per ADS ($1.95 per ADS), compared to RMB9.97 per ADS last year.

Prior Performance

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


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Nike (NKE) looks set to beat hurdles and build a brighter future

Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business

Electronic Arts (EA): A few points to keep in mind if you have an eye on this gaming company

Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as

Petros Pharma is focused on establishing mechanisms for Rx-to-OTC switch: CCO Fady Boctor

Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications

Add Comment
Viewing Highlight