Date
25 September 2017

Baidu 4Q revenue pushes past estimates, WSJ says

Dominant mainland search engine Baidu Inc. showed continued growth in ad sales by topping its hearty projections for fourth-quarter revenue, the Wall Street Journal reported Wednesday. The company’s total revenue increased by half to 9.52 billion yuan (US$1.57 billion), above its October projection of 9.22 billion yuan to 9.48 billion yuan, the report said. Baidu said it expected first-quarter revenue to be between 9.24 billion yuan and 9.52 billion yuan, above estimates of 7.01 billion yuan from analysts polled by Thomson Reuters.

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