China's Baidu beats quarterly revenue estimates-March 2024-www.financetom.com

China's Baidu beats quarterly revenue estimates

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China's Baidu beats quarterly revenue estimates

Aug 23, 2024 12:11 AM

Aug 22 (Reuters) - Search engine giant Baidu ( BIDU )

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)

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