baccaratcoffee| Baidu Q1 earnings report: Net profit rose 22% more than expected, generative AI steadily advanced

On the evening of May 16baccaratcoffee, Baidu released its 2024 Q1 financial report, showing total revenue in the first quarter of 31.5 billion yuan. Net profit attributable to Baidu (Non-GAAP) 70baccaratcoffee.11 billion yuan, a year-on-year increase of 22%. Net profit (Non-GAAP) attributable to Baidu's core was 6.628 billion yuan, a year-on-year increase of 26%, both exceeding market expectations.

baccaratcoffee| Baidu Q1 earnings report: Net profit rose 22% more than expected, generative AI steadily advanced

The financial report shows that as of mid-April, the number of developers in Baidu's paddle developer community has increased to 13 million; Radish Quick Run provided approximately 826,000 ride-riding services in the first quarter, a year-on-year increase of 25%. As of April 19, a total of more than 6 million ride-riding services have been provided; in March this year, Baidu App monthly active users reached 676 million, a year-on-year increase of 3%.

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