Baidu, Inc. (NASDAQ: BIDU) reported a decline in adjusted revenue for the second quarter of 2024. Revenues have been nearly unchanged year-over-year.
Complete revenues of the China-based expertise firm remained unchanged from final yr at RMB33.9 billion ($4.67 billion) within the June quarter. The Baidu app had 703 million month-to-month energetic customers on the finish of the quarter, which is up 4% year-over-year.
Second-quarter adjusted earnings dropped to RMB21.02 per ADS ($2.89 per ADS) from RMB22.55 per ADS within the corresponding interval of fiscal 2023. On an unadjusted foundation, web revenue was RMB15.01 per ADS ($2.07 per ADS).