China's Baidu reports fourth-quarter revenue above estimates
ReutersFeb 18, 2025 9:03 AM
Feb 18 (Reuters) - Search engine giant Baidu 9888.HK, BIDU.O reported quarterly revenue down by about 2%, as a slow Chinese economy forces small businesses to trim spending on advertising.
Its revenue in the fourth quarter stood at 34.12 billion yuan ($4.69 billion), beating analysts' estimate of 33.32 billion yuan, according to data compiled by LSEG.
($1 = 7.2779 Chinese yuan renminbi)
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