Baidu Inc
- Baidu Inc. dropped 2.1% to $95.45 after the Chinese search engine operator reported lower sales in the fourth quarter ending in December, despite a 26% growth in cloud revenue.
Revenue declined to RMB 19.34 billion from RMB 20.80 billion, net income increased to RMB 5.19 billion from RMB 2.60 billion, and earnings per diluted share rose to RMB 1.78 from 85 cents a year ago.
The company returned $356 million to shareholders in the quarter, bringing total repurchases to over $1 billion in 2024.
The company’s core business struggled, with online marketing revenue declining 7% from the same quarter last year, despite diversification efforts.
External ERNIE API calls marked a 178% increase, signaling a growing enterprise adoption.
Feb 18, 2025
If you want to see the full data, please log in to your account. Logging in gives you complete access to all available information, features, and detailed insights that are not visible to guest users.