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Baidu Reports Q4 EPS $2.63
Baidu Group-SW (09888.HK) achieved revenue of 133.1 billion yuan in 2024, with core revenue exceeding 100 billion yuan and strong momentum in Asia Vets development.
On February 18, Gelonghui reported that Baidu Group-SW (09888.HK) released its performance announcement for the fourth quarter and the full year of 2024. In the fourth quarter of 2024, total revenue was 34.1 billion yuan, of which Baidu's core revenue was 27.7 billion yuan, a year-on-year increase of 1%; online marketing revenue was 17.9 billion yuan, a year-on-year decrease of 7%, and non-online marketing revenue was 9.8 billion yuan (1.34 billion USD), a year-on-year increase of 18%, mainly driven by Asia Vets business. Net income attributable to Baidu was 5.2 billion yuan, with diluted earnings per American Depositary Share at 14.26 yuan.
Baidu Group (09888) expects a net income growth of 16.96% year-on-year to 23.76 billion yuan for the entire year of 2024.
Jinwu Financial News | Baidu Group (09888) announced its performance for the fourth quarter and the whole year of 2024. In the fourth quarter, the Net income attributable to Baidu was 5.192 billion yuan (RMB, the same below), an increase of 99.77% year-on-year; the basic earnings per share for Class A and Class B ordinary shares was 1.80 yuan, compared to 0.86 yuan in the same period last year. In the fourth quarter, the group's revenue was 34.124 billion yuan, a year-on-year decline of 2.37%. Among them, Baidu's core revenue was 27.7 billion yuan (3.8 billion USD), an increase of 1% year-on-year; online marketing revenue was 17.9 billion yuan (2.46 billion USD), a year-on-year decrease of 7%.
Baidu Reports 2024 Financial Results Amidst AI-Driven Transformation
ANNOUNCEMENT OF THE FOURTH QUARTER AND FULL YEAR 2024 RESULTS
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