Baidus three quarter revenue was 28 billion 200 million yuan, up 27percent, net profit 12 billion 400 million.

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 Baidus three quarter revenue was 28 billion 200 million yuan, up 27percent, net profit 12 billion 400 million.


From the point of view of revenue, Baidus core revenue was 21 billion 600 million yuan (US $3 billion 150 million), an increase of 25% over the same period last year.

Baidus operating profit in the third quarter was 4.4 billion yuan ($645 million), down 6% from a year earlier; its operating profit margin was 16%, compared with 21% in the same period last year. The operating profit of Baidus core business was 7 billion yuan ($1.02 billion), up 26% year-on-year, and the operating profit margin was 32%.

Baidus total other revenue in the third quarter was 9 billion yuan ($1.31 billion), up 108% from the same period last year, mainly due to its handling of financial services and global DU business.

Thanks to significant growth in search, information flow and new AI businesses, Baidu performed strongly in the third quarter. Under the double pull of the rapid growth of users and the strong performance of Baidu video products, information flow revenue has become a bright spot of Baidu revenue growth. Baidu chairman and CEO Robin Li said, AI business, DuerOS application is more and more extensive. As of September 2018, the number of DuerOS smart devices activated has reached 141 million, and the number of voice interaction has exceeded 800 million times. With regard to Apollo business, the automatic driving minibus, which is equipped with Apollo, has been running in more than 10 regions of the country. Baidu is constantly accumulating valuable experience in driving L4 class autopilot.

Baidu CFO Yu Zhengjun said: Baidus third quarter earnings grew steadily, revenue 28.2 billion yuan, up 27% year-on-year; net profit 12.4 billion yuan, up 56% year-on-year; non-U.S. general accounting standards, net profit 6.7 billion yuan, up 47%. Baidu App-based information flow business is showing strong vitality in terms of traffic and revenue growth, Baidu is committed to replicating this successful model to other products, such as our short video products look good video. Baidus outlook for the next quarter: In the fourth quarter of 2008, Baidus revenue is expected to range from 25.48 billion yuan ($3.71 billion) to 26.72 billion yuan ($3.89 billion), up 15% to 20% year-on-year, removing the impact of Baidus international business and a small split, up 20% - 20% year-on-year. 26%. The outlook only represents the preliminary forecast based on the current situation, and does not exclude the possibility of future adjustment. Source: NetEase science and technology report editor: Wang Fengzhi _NT2541

Baidu CFO Yu Zhengjun said: Baidus third quarter earnings grew steadily, revenue 28.2 billion yuan, up 27% year-on-year; net profit 12.4 billion yuan, up 56% year-on-year; non-U.S. general accounting standards, net profit 6.7 billion yuan, up 47%. Baidu App-based information flow business is showing strong vitality in terms of traffic and revenue growth, Baidu is committed to replicating this successful model to other products, such as our short video products look good video.

Baidus outlook for the next quarter: In the fourth quarter of 2008, Baidus revenue is expected to range from 25.48 billion yuan ($3.71 billion) to 26.72 billion yuan ($3.89 billion), up 15% to 20% year-on-year, removing the impact of Baidus international business and a small split, up 20% - 20% year-on-year. 26%. The outlook only represents the preliminary forecast based on the current situation, and does not exclude the possibility of future adjustment.