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Baidu Q1 revenues jump 34%, net profit down 3.4%

2015-04-30 09:08:00| Telecompaper Headlines

(Telecompaper) Chinese internet search provider Baidu saw its first-quarter total revenues increase by 34 percent year-on-year to CNY 12.72 billion. Mobile revenue represented 50 percent of total revenue for the first quarter of 2015, up from 42 percent in the fourth quarter of 2014. Net income amounted to CNY 2.44 billion (approximately USD 395.1 million), which represents a 3.4 percent decrease from the corresponding period in 2014.

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