Beijing, 22nd August: Last week, Baidu, the leading Chinese language Internet search provider, released its financial results for the quarter ended 30th June 2024. Revenues for the quarter were US$4.7 billion, flat with the second quarter last year. The company recorded year-on-year profit growth of 5%, reaching US$755 million in the quarter.

Baidu also reported its financial results for the six months ended 30th June. Revenues in the first half of 2024 were US$9.0 billion, flat with the same period of last year. Profit in the period also flat with the previous year, amounting at US$1.5 billion. Diluted earnings per share in the first half of the year were RMB 3.74 (US$0.51).