Baidu financial report of Q4 in 2013 showed that the revenue hit 9.52 billion Yuan (USD 1.57 billion), with 50.3% YoY growth. Net profit belonging to Baidu was 2.78 billion Yuan (USD 460 million), falling slightly by 0.4% yearly. Moreover, mobile accounted for over 20% of revenue in Q4.
Baidu’s achievement in Q4 beat former expectations, leading to 8% rise of stock price. Baidu’s former expectation of Q4 revenue was between 9.22 billion to 9.48 billion Yuan (USD 1.5 to 1.55 billion). [Read more...]