Baidu Beats Revenue Expectations Despite Continued Covid Worries

Baidu


on Tuesday became the latest Chinese technology company to report a return to annual growth, as it beat expectations for its third-quarter revenue. 

Baidu


(ticker: BIDU)—often referred to as China’s Google—said its third-quarter revenue came to 32.5 billion yuan, or $4.57 billion, up 2% from the prior year. That was slightly ahead of analysts’ expectations of $4.46 billion, according to FactSet.