Baidu Group announced its performance for the second quarter of 2024, with a total revenue of 33.9 billion yuan, a year-on-year increase of 1%; operating profit reached 5.9 billion yuan, an increase of 14% from the previous year. The smart cloud business saw strong growth, driving a 10% increase in non-online marketing revenue. Apollo is providing fully self-driving car hailing services in Wuhan, and has begun large-scale road testing of RT6 cars. The company's share buyback amount reached 3.01 billion US dollars, and the total shareholder equity reached 25.277 billion yuan. Baidu's Chairman and CEO, Robin Li, stated that by fully leveraging the stack of AI technologies, the company is scaling AI to solve real-world problems. The financial report shows that Baidu's core business operating profit margin is 21%, while the operating profit under non-GAAP is 7.5 billion yuan. Baidu will hold an earnings conference call on August 22, 2024.

Baidu Group announced its performance for the second quarter of 2024, with a total revenue of 33.9 billion yuan, a year-on-year increase of 1%; operating profit reached 5.9 billion yuan, an increase of 14% from the previous year. The smart cloud business saw strong growth, driving a 10% increase in non-online marketing revenue. Apollo is providing fully self-driving car hailing services in Wuhan, and has begun large-scale road testing of RT6 cars. The company's share buyback amount reached 3.01 billion US dollars, and the total shareholder equity reached 25.277 billion yuan. Baidu's Chairman and CEO, Robin Li, stated that by fully leveraging the stack of AI technologies, the company is scaling AI to solve real-world problems. The financial report shows that Baidu's core business operating profit margin is 21%, while the operating profit under non-GAAP is 7.5 billion yuan. Baidu will hold an earnings conference call on August 22, 2024.