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Infographic: A snapshot of Baidu’s (BIDU) Q4 2021 earnings

Baidu, Inc. (NASDAQ: BIDU) has reported lower earnings for the fourth quarter of 2021, despite a 9% increase in revenues. The top line benefited from strong growth in the company’s non-advertising business, particularly the acceleration of Baidu AI Cloud. Revenues of the China-based technology company increased 9% annually to RMB33.1 billion ($5.2 billion) in the […]

$BIDU March 2, 2022 1 min read

NYSE

$BIDU · Earnings

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Baidu, Inc. (NASDAQ: BIDU) has reported lower earnings for the fourth quarter of 2021, despite a 9% increase in revenues. The top line benefited from strong growth in the company’s non-advertising business, particularly the acceleration of Baidu AI Cloud. Revenues of the China-based technology company increased 9% annually to RMB33.1 billion ($5.2 billion) in the […]
· March 2, 2022

Baidu, Inc. (NASDAQ: BIDU) has reported lower earnings for the fourth quarter of 2021, despite a 9% increase in revenues. The top line benefited from strong growth in the company’s non-advertising business, particularly the acceleration of Baidu AI Cloud.

Baidu Q4 2021 earnings infographic

Revenues of the China-based technology company increased 9% annually to RMB33.1 billion ($5.2 billion) in the December quarter, supported by strong contributions from the Baidu Core segment. At the end of the quarter, the Baidu app had 622 million monthly active users.

Fourth-quarter adjusted earnings declined to RMB11.60 per ADS ($1.82 per ADS) from RMB20.08 per ADS in the corresponding period of fiscal 2020.

Read management/analysts’ comments on Baidu’s Q4 2021 results

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Baidu’s stock traded lower on Wednesday afternoon in the Nasdaq stock exchange, after opening the session slightly above $160.

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