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Baidu Keeps On Keepin' On In Q1  

BIDU, Baidu, Internet, advertising, search

Posted by: Megan Ko on Apr 25, 2008 | 11:04

Editorial Summary

Baidu's (Nasdaq: BIDU) total revenue grew 108.4 percent year-on-year to reach $81.9 million in the first quarter of 2008, compared to $78.3 million in the previous quarter. Net income was up 71.5 percent year-on-year to $20.9 million, compared to $30.1 million in the fourth quarter. Baidu's active online marketing customers increased 3.9 percent quarter-on-quarter to approximately 161,000 customers in the quarter. Revenue per customer was stable from the previous quarter at approximately $513. Baidu is targeting second quarter revenue of $111 million to $114 million.



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