Baidu revenue tops estimates on ad sales rebound

Reuters / Updated: Aug 12, 2021, 04:04PM IST

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Baidu revenue tops estimates on ad sales rebound

China's Baidu Inc reported quarterly revenue above Wall Street estimates on Thursday, buoyed by a rebound in advertising sales in its internet search business, and higher demand for its artificial intelligence and cloud products.

The company, also known as China's Google, said total revenue rose to 31.35 billion yuan ($4.84 billion) from 26.03 billion yuan in the second quarter ended June 30, topping analysts' average estimate of 30.96 billion yuan, according to IBES data from Refinitiv.

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