Baidu has looked to diversify its business beyond search, expanding to areas like video streaming. Those efforts are beginning to pay off.
Here are the highlights for the three months ended September 30:Excluding items, earnings per share came in at 12.61 yuan, beating market expectations, but representing 34% year-on-year decline.
Baidu has faced a number of headwinds this year including a slowing Chinese economy amid a protracted U.S.-China trade war, increased competition from new Meanwhile, Baidu has also been trying to boost its mobile offering. The search giant has been criticized in the past for its slow shift to mobile as consumers spend an increasing amount of time on so-called super apps. These are products likeor Ant Financial's Alipay where a user can do a number of different things — ranging from payments to ordering food — all within one app.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baidu results beat on strong video streaming growth, shares riseBaidu Inc beat analysts' estimates for quarterly profit and revenue on Wedn...
Read more »
Baidu results beat on strong video streaming growth, shares riseBaidu Inc beat analysts' estimates for quarterly profit and revenue on Wedn...
Read more »
Cinemark Reports Solid Q3, Holds Firm On Streaming, Touts 2020 Film SlateMajor movie exhibitor Cinemark reported solid third-quarter results, with profit meeting Wall Street expectations and revenue exceeding them, and parried numerous questions about streaming’s …
Read more »
Expedia stock drops after disappointing earningsExpedia Group Inc. shares fell in the extended session Wednesday after the online travel site's quarterly results missed Wall Street expectations. Expedia...
Read more »
Roku quarterly net loss widens on higher costsRoku Inc reported a bigger net loss in the third quarter, as the video streaming...
Read more »
Roku quarterly net loss widens, shares plungeU.S. video streaming service Roku Inc reported a wider net loss in the third qua...
Read more »