On November 17th, Baidu released its financial report for the third quarter of 2021 today. The financial report shows that Baidu’s revenue in the third quarter was 31.9 billion yuan, compared with 28.2 billion yuan in the same period last year, a year-on-year increase of 13%; market estimates were 31.81 billion yuan; third-quarter adjusted operating profit was 4.71 billion yuan; Baidu Fourth-quarter revenue is expected to range from 31 billion yuan to 34 billion yuan.
Baidu is a leading AI company with a strong Internet foundation. It is one of the few companies in the world that provides full-stack AI technologies such as AI chips, software architectures and applications, and is rated as one of the four largest AI companies in the world by international institutions.
At present, Baidu has changed the momentum of the company’s growth direction and is showing a high-quality development trend. For a long time, Baidu has continued to invest in research and development to attack hard-core technologies. In the third quarter, Baidu has invested 6.2 billion yuan in research and development expenses, a year-on-year increase of 35%.
In the third quarter of this year, Baidu’s mobile ecosystem business maintained steady growth. The monthly active users of Baidu App reached 607 million, a year-on-year increase of 12%, and the proportion of daily logged-in users reached 79%, a record high.According to the financial report, in the third quarter, thanks to the continuous expansion of marketing cloud services such as e-commerce functions, the proportion of hosted page revenue in Baidu’s core online marketing revenue increased to 2.5%.