Shulou(Shulou.com)11/24 Report--

Thanks CTOnews.com net friend aviation gentleman, west window old things clue delivery! CTOnews.com August 22 news, Baidu today released the second quarter of 2023 as of June 30 financial results: revenue 34.1 billion yuan, estimated 33.29 billion yuan, year-on-year growth of 15%; Baidu core revenue 26.4 billion yuan, estimated 25.66 billion yuan, year-on-year growth of 14%. CTOnews.com is attached with the following key performance table:

Net profit attributable to Baidu was 5.2 billion yuan ($718 million), up 43 percent year-on-year, and diluted earnings per American depositary share were 14.17 yuan ($1.95). Net profit attributable to Baidu Core was RMB 5 billion, USD 691 million, and Baidu Core Net Profit Margin was 19%.

Non-GAAP net income attributable to Baidu was 8 billion yuan ($1.1 billion), up 44 percent from a year earlier. Non-GAAP diluted earnings per American depositary share were RMB22.55 (US$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), or an adjusted margin of 27 percent. Baidu Core's adjusted EBITDA was 8.2 billion yuan ($1.14 billion), and Baidu Core's pre-adjusted EBITDA margin was 31 percent.

Baidu Q2's online marketing revenue was 19.6 billion yuan (US$2.71 billion), up 15% year-on-year; non-online marketing revenue was 6.8 billion yuan, up 12% year-on-year. R & D expenses were 6.4 billion yuan (US$880 million), up 1% year-on-year, mainly due to higher server depreciation expenses and cloud-related expenses to support Wenxinyi Research, partially offset by lower personnel-related expenses.

iQiyi's revenue was 7.8 billion yuan ($1.08 billion), estimated at 7.76 billion yuan, up 17% year-on-year; net profit attributable to shareholders was 365 million yuan, compared with a net loss of 214 million yuan a year earlier.

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