Baidu Doubles Q4 Profit Despite 2% Revenue Slide

MT Newswires Live

02-18

Baidu (HKG:9888) recorded a 100% rise in attributable net income for the fourth quarter of 2024 to 5.2 billion yuan from 2.6 billion yuan in the year-ago period.

Earnings per ADS stood at 14.26 yuan, up from 6.77 yuan in the corresponding period of the previous fiscal year, a Tuesday filing with the Hong Kong bourse stated.

The Chinese search engine giant's total revenue fell by 2% to 34.1 billion yuan from 35 billion yuan a year prior.

For the full-year 2024, attributable net income rose 17% to 23.8 billion yuan from 20.3 billion yuan in 2023, while revenue slid 1% year over year to 133.1 billion yuan from 134.6 billion yuan.

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Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Baidu  recorded a 100% rise in attributable net income for the fourth quarter of 2024 to 5.2 billion yuan from 2.6 billion yuan in the year-ago period.Earnings per ADS stood at 14.26 yuan, up from 6.77 yuan in the corresponding period of the previous fiscal year, a Tuesday filing with the Hong Kong bourse stated.The Chinese search engine giant's total revenue fell by 2% to 34.1 billion yuan from 35 billion yuan a year prior.For the full-year 2024, attributable net income rose 17% to 23.8 billion yuan from 20.3 billion yuan in 2023, while revenue slid 1% year over year to 133.1 billion yuan from 134.6 billion yuan.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"translate_title":"尽管收入下滑2%，百度第四季度利润仍翻倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09888":1,"BIDU":1},"content_text":"Baidu (HKG:9888) recorded a 100% rise in attributable net income for the fourth quarter of 2024 to 5.2 billion yuan from 2.6 billion yuan in the year-ago period.Earnings per ADS stood at 14.26 yuan, up from 6.77 yuan in the corresponding period of the previous fiscal year, a Tuesday filing with the Hong Kong bourse stated.The Chinese search engine giant's total revenue fell by 2% to 34.1 billion yuan from 35 billion yuan a year prior.For the full-year 2024, attributable net income rose 17% to 23.8 billion yuan from 20.3 billion yuan in 2023, while revenue slid 1% year over year to 133.1 billion yuan from 134.6 billion yuan.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}