Baidu, Inc. (NASDAQ: BIDU) reported a pointy enhance in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged.
Whole revenues of the China-based expertise firm have been unchanged year-over-year at RMB33.1 billion ($4.8 billion) within the December quarter. The Baidu app had 648 million month-to-month energetic customers on the finish of the quarter, which is up 4% year-over-year.
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Fourth-quarter adjusted earnings moved as much as RMB15.25 per ADS ($2.21 per ADS) from RMB11.6 per ADS within the corresponding interval of fiscal 2021. On an unadjusted foundation, web earnings was RMB13.59 per ADS ($1.97 per ADS), in comparison with RMB4.51 per ADS final yr.