Baidu 2Q17 net profit hikes 82.9% on year

Baidu, the largest China-based search engine, has reported second-quarter 2017 consolidated revenues of CNY20.874 billion (US$3.079 billion), increasing 14.3% on year, adjusted EBITDA (earnings before interest, tax, depreciation, amortization) of CNY6.008 billion, up 41.4%, net operating profit of CNY4.210 billion, up 46.9%, and net profit of CNY4.415 billion, up 82.9%, according to the company.

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