China's Baidu beats quarterly revenue estimates

IQIYI

22/08/2024 10:01

Aug 22 (Reuters) - Search engine giant Baidu  9888.HK 
 BIDU.O  reported quarterly revenue above market estimates on
Thursday, signaling some recovery in the Chinese advertising
market.
    Revenue in the second quarter was 33.93 billion yuan ($4.67
billion), compared with analysts' average estimate of 33.55
billion yuan, according to LSEG data.
    
    ($1 = 7.14 Chinese yuan renminbi)
    

 (Reporting by Yuvraj Malik in Bengaluru; editing by Alan
Barona)
 ((yuvraj.malik@tr.com; @elnovw on X))