According to IT House on November 21, Baidu's revenue in the third quarter of 2023 is 34.4 billion yuan, and the market is expected to be 34.207 billion yuan, compared with 32.54 billion yuan in the same period last year, an increase of 6 percent over the same period last year. The adjusted net profit was 7.267 billion yuan, an increase of 23% over the same period last year, and both revenue and profit exceeded market expectations.
In the past three months, the word of Wenxin has been open to the whole society. Baidu has released version 4.0 of the Wenxin model. At present, the number of users of Wenxin has reached 70 million.
Since the beginning of the third quarter of 2023, Baidu has returned $126 million to shareholders, bringing the cumulative repurchase amount under the current share buyback program to $351 million.
In October 2023, Baidu established a technical ethics committee to guide the practice of technical professionals.
In the third quarter of 2023, Apollo Go provided 821,000 trips, an increase of 73 per cent year-on-year. As of September 30, 2023, Apollo Go has provided a total of 4.1 million trips to the public.
In September 2023, the number of monthly active users (MAU) of Baidu App reached 663 million, up 5 per cent from a year earlier.
Hosted pages (Managed Page) accounted for 53 per cent of Baidu's core online marketing revenue in the third quarter of 2023.
In the third quarter of 2023, iqiyi had an average daily subscription of 107.5 million members, compared with 101 million in the third quarter of 2022 and 111.2 million in the second quarter of 2023. Iqiyi's average monthly income (ARM) per member in that quarter was 15.54 yuan, compared with 13.90 yuan in the third quarter of 2022 and 14.82 yuan in the second quarter of 2023, an increase of 12 percent over the same period last year.
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