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Beidu nets over CNY3 billion for 4Q14, says report
Feb 13th 2015, 04:18

Beidu nets over CNY3 billion for 4Q14, says report

Jian Shang-jie, Taipei; Adam Hwang, DIGITIMES [Friday 13 February 2015]

Baidu, China's largest search engine, posted revenues of CNY14.05 billion (US$2.25 billion) and net profit of CNY3.229 billion for the fourth quarter of 2014, growing on year by 47.5% and 16% respectively, according to China-based tech.qq.com.

Of the fourth-quarter revenues, 42% came from mobile search services, Baidu said.

Baidu made an R&D investment of CNY2.136 billion in the fourth quarter bringing its full year total to CNY6.981 billion, hiking on year by 69% and 70%, respectively. Baidu's capital expenditure in 2014 stood at CNY4.827 billion.

Baidu expects revenues for the first quarter of 2015 to range between CNY12.645 billion and CNY13.065 billion.

Baidu: Financial report, 4Q14 (CNYb)

Item

Amount

Y/Y

2014 amount

Y/Y

Revenues

14.05

47.5%

49.052

53.6%

Net operating profit

2.952

7.8%

12.804

14.4%

Net profit

3.229

16.0%

13.187

25.4%

Source: tech.qq.com, compiled by Digitimes, February 2015

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