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Baidu, Inc. (NASDAQ: BIDU ) reported an increase in adjusted earnings for the fourth quarter of 2022 while revenue remained unchanged.
Total revenue of the China-based technology company was unchanged year-over-year at RMB33.1 billion ($4.8 billion) in the December quarter. Baidu’s app had 648 million monthly active users at the end of the quarter, a 4% year-over-year increase.
Check out this space to read management/analyst commentary on monthly results
Fourth quarter adjusted earnings to RMB15.25 per ADS ($2.21 per ADS) from RMB11.6 per ADS in the corresponding fiscal 2021 period. On an unadjusted basis, net income was RMB13.59 per ADS ($1.97 per ADS), compared to RMB4.51 per ADS last year.
Previous Performance
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