Baidu Reveals 2020 This fall Monetary Outcomes, Displaying Robust Progress in Cloud Companies
(Supply: Baidu)

Synthetic intelligence (AI) big Baidu Inc. on Feb. 18 launched its unaudited monetary outcomes for the fourth quarter of the fiscal 12 months ending on Dec. 31, 2020.

The corporate reported complete income of 30.three billion yuan (about $4.6 billion) for the final quarter, representing a 5% year-on-year rise in income in comparison with the 28.9 billion yuan grossed final 12 months. The efficiency was pushed by reviving adverting gross sales and growing demand for cloud companies.

The net advertising and marketing income from the search engine big’s core search enterprise totaled 18.9 billion yuan, roughly flat from a 12 months in the past. Nonetheless, the income from the non-search companies spiked 52% to 4.2 billion yuan, additionally pushed by cloud gross sales and different companies.

The registered web revenue of the corporate was 5.2 billion yuan, down 18% year-over-year.

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Baidu ranks first in China’s AI public cloud market, based on the most recent IDC report for 1H 2020, marking the third time that Baidu has topped the checklist.

The Nasdaq-listed firm’s video department iQIYI revealed a 1% year-on-year income decline prior to now quarter, all the way down to 7.5 billion yuan, with the variety of subscribers falling to 101.7 million. iQIYI’s membership income grew 14% 12 months over 12 months – a very good efficiency that was partially offset by internet advertising income declining 18%.

The previous 12 months additionally witnessed the event of Baidu’s clever driving companies, together with the Apollo Robotaxi and robobus, in addition to the good assistant system DuerOS and Xiaodu Sensible Show.

The cell ecosystem revealed robust development. The Baidu App’s month-to-month energetic customers (MAUs) has reached 544 million and each day logged-in customers rose over 70%. In the meantime, its Sensible Mini Program’s MAUs reached 414 million.

Baidu mentioned in an announcement that it expects the income to be between 26 billion yuan and 28.5 billion yuan for the primary quarter of 2021, with a development price of 15% to 26% year-on-year.

“As we enter 2021, Baidu is well-positioned as a number one AI firm with robust Web basis to grab the massive market alternatives in cloud companies, autonomous driving, good transportation, and different AI alternatives,” mentioned Robin Li, Co-founder and CEO of Baidu. “We additionally hope to capitalize on our enormous Web attain with extra non-marketing companies.”