Baidu's 2023 Q2 revenue is 34.1 billion yuan: a year-on-year increase of 15%, exceeding market estimates

News from this site on August 22, Baidu today released its financial report for the second quarter of 2023 as of June 30: Revenue was 34.1 billion yuan, estimated at 33.29 billion yuan, a year-on-year increase of 15% ; Baidu's core revenue was 26.4 billion yuan, estimated at 25.66 billion yuan, a year-on-year increase of 14%. The main performance table attached to this site is as follows:

Net profit attributable to Baidu was 5.2 billion yuan (718 million U.S. dollars), year-on-year Growth of 43%, diluted earnings per American depositary share was RMB 14.17 (USD 1.95). Net profit attributable to Baidu Core was RMB 5 billion, US$691 million, and Baidu Core's net profit margin was 19%.

Non-GAAP net profit attributable to Baidu was 8 billion yuan ($1.1 billion), a year-on-year increase of 44%. Non-GAAP diluted earnings per American depositary share were 22.55 yuan ($3.11). Baidu Core's non-GAAP net income was 7.7 billion yuan ($1.06 billion), and Baidu Core's net profit margin was 29%.

Adjusted EBITDA was 9.1 billion yuan ($1.26 billion), with an adjusted profit margin of 27%. Baidu Core's adjusted EBITDA was 8.2 billion yuan ($1.14 billion), and Baidu Core's adjusted EBITDA margin was 31%.

Baidu’s Q2 online marketing revenue was 19.6 billion yuan ($2.71 billion), a year-on-year increase of 15%; non-online marketing revenue was 6.8 billion yuan, a year-on-year increase of 12%. R&D expenses were RMB 6.4 billion (USD 880 million), a year-on-year increase of 1%, mainly due to the increase in server depreciation expenses and cloud-related expenses to support Wen Xinyiyan’s research investment, partially offset by personnel-related expenses offset by the reduction.

iQIYI’s revenue was 7.8 billion yuan (US$1.08 billion), an estimate of 7.76 billion yuan, a year-on-year increase of 17%; net profit attributable to the company’s shareholders was 365 million yuan, compared with the previous year Net loss during the same period was 214 million yuan.

Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

The above is the detailed content of Baidu's 2023 Q2 revenue is 34.1 billion yuan: a year-on-year increase of 15%, exceeding market estimates. For more information, please follow other related articles on the PHP Chinese website!