Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Baidu Q3 2008 Profit Up 91%

ir.baidu.com, 10/22/08

Chinese online search firm Baidu (Nasdaq: BIDU) has announced its unaudited financial results for Q3 2008, with net revenues reaching RMB 919.1 mln (USD 135.4 mln), up 85.1% year-on-year.

Net income for the quarter came to RMB 347.9 mln (USD 51.2 mln), up 91.4% YoY.

Online marketing revenues for Q3 were RMB 918.2 mln, up 85.1% YoY..

During Q3, Baidu had more than 194,000 active online marketing customers, up 7.2% QoQ and 35.7% YoY. Revenue per active online marketing customer for the quarter came to RMB 4,700 (USD 692), up 6.8% QoQ and 34.3% YoY.

In Q4 2008, Baidu expects to generate total revenues in an amount ranging from RMB 1.02 bln (USD 151 mln) to RMB 1.06 bln (USD 155 mln), representing an 80% to 85% increase from the corresponding period in 2007 and a 12% to 15% increase from the Q3 2008.

To see Baidu's full earnings report, please click here.

Keywords: online advertising Baidu BIDU Internet online search profit Q3 2008 revenue fiscal report

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports