Beijing, 13th February: Baidu, the leading search engine in China, recently released its results for the quarter ended 31st December 2017 and the financial year 2017. In the fourth quarter, revenues were US$3.6 billion, a year-on-year 29% increase. Operating profits jumped 118% reaching US$734 million.
For the year ended 31st December, Baidu reported total revenues of US$13 billion, up 20% from 2016. Meanwhile, operating profits grew 56% to US$2.4 billion. Diluted earnings per share for the year were RMB 52.41 (US$8.06).