Baidus revenue in the first quarter fell by 7percent year-on-year to 22.5 billion, and rose by more than 8percent after hours

category:Internet
 Baidus revenue in the first quarter fell by 7percent year-on-year to 22.5 billion, and rose by more than 8percent after hours


According to the financial report, the total revenue of Baidus core business in this quarter was 15.3 billion yuan, down 13% year on year. Baidus core net profit (non GAAP) is 4.5 billion yuan, and its net profit margin (non GAAP) is 30%, 20 percentage points higher than the same period last year.

As of March, the number of daily active users of Baidu app reached 222 million, a year-on-year increase of 28%; the search volume of APP end increased by 45% year-on-year, and the length of information flow users increased by 51% year-on-year. The number of creators of baijiahao content exceeded 3 million, an increase of 44% year on year; the number of monthly active users of Baidu smart applet reached 354 million, an increase of 96% year on year.

In March, the number of voice interactions of Xiaodu assistant on Xiaodu first party devices reached 3.3 billion, nearly five times that of the same period last year. The total number of small assistant voice interactions reached 6.5 billion, nearly three times that of the same period last year. It is worth noting that Baidus board of directors recently approved a stock buyback plan for 2020, which is valid until July 1, 2021, according to which the company can buy back up to US $1 billion of shares. Baidu chairman and CEO Robin Li said: in the first quarter, people affected by the epidemic were segregated at home. Baidus revenue fell by only 7% over the same period last year. This is mainly due to diversified revenue sources, including marketing services for all walks of life, new AI business and iqiyi. As the domestic situation is gradually under control and offline activities are gradually recovering, Baidu will also benefit from Chinas economic recovery. (Yan Yan) source: Wang Fengzhi, editor in charge of Netease Technology Report

In March, the number of voice interactions of Xiaodu assistant on Xiaodu first party devices reached 3.3 billion, nearly five times that of the same period last year. The total number of small assistant voice interactions reached 6.5 billion, nearly three times that of the same period last year.

It is worth noting that Baidus board of directors recently approved a stock buyback plan for 2020, which is valid until July 1, 2021, according to which the company can buy back up to US $1 billion of shares.

Baidu chairman and CEO Robin Li said: in the first quarter, people affected by the epidemic were segregated at home. Baidus revenue fell by only 7% over the same period last year. This is mainly due to diversified revenue sources, including marketing services for all walks of life, new AI business and iqiyi. As the domestic situation is gradually under control and offline activities are gradually recovering, Baidu will also benefit from Chinas economic recovery. (Yan Yan)