Baidu, Inc. (NASDAQ: BIDU) on Tuesday reported a decline in income and adjusted revenue for the fourth quarter of fiscal 2024.
Whole revenues of the China-based web search service supplier dropped 2% year-over-year to RMB34.1 billion ($4.68 billion) within the December quarter. The Baidu app had 679 million month-to-month energetic customers on the finish of the quarter, up 2% year-over-year.
Fourth-quarter adjusted earnings dropped to RMB19.18 per ADS ($2.63 per ADS) from RMB21.86 per ADS within the corresponding interval of fiscal 2023. On an unadjusted foundation, web earnings was RMB14.26 per ADS ($1.95 per ADS).