Baidu's revenue in the third quarter of this year achieved a 2%year -on -year increase, reaching 32.54 billion yuan (RMB, the same below, S $ 6.28 billion).
Comprehensive First Financial Network and Shanghai Securities Journal reported that Baidu announced on Tuesday (November 22) to announce unaudited financial reports in the third quarter of September 30 this year.In the third quarter, Baidu achieved revenue of 32.54 billion yuan, an increase of 2%year-on-year; Non-Gaap, which belonged to Baidu, reached 5.89 billion yuan, an increase of 16%year-on-year, and the market expectations were over the market.
Financial report shows that Baidu has spent 272 million US dollars (S $ 375 million) to repurchase shares since the third quarter of 2022; the share repurchase plan based on 2020, Baidu's cumulative repurchase amount reached 3.2 billionDollar.
In terms of intelligent driving business, data show that the recent cumulative fixed -point and signing amount of Baidu Apollo Automobile Intelligent Solution is expected to reach 11.4 billion yuan.In the third quarter, Baidu deepened cooperative relationships with China's largest automotive technology company. It will apply ANP (Apollo Layer -to -Auxiliary Driving), AVP (independent parking) and high -precision maps on one of its streaming models.
In the third quarter, Baidu's autonomous driving service platform radish fast run provided a total of 474,000 ride services, an increase of 311%year -on -year and a 65%increase of 65%.As of the end of the third quarter, the number of ride services provided by radish to the public has reached 1.4 million.
Bloomberg reports that Baidu's exceeding expected performance provides investors with ammunition. They believe that China's Internet industry may be out of a downturn for two years.Last week, the net profit announced by the two largest Internet companies in China was better than expected, indicating that the cost control measures of the industry are achieved.Analysts also predict that China will relax the restrictions on epidemic prevention and inject urgent motivation to the economic growth next year.
Baidu's stock price has risen slightly in the New York market.His subsidiaries, iQiyi and Kuaishou Technology, were announced on the same day.
However, Baidu's dependence on digital marketing has made the company easily affected by economic impact in 2023, especially if China is slow to open the economy slowly.
