Around the Net
Baidu Revenue Falls Short Of Street's Expectations
- BBC, Thursday, February 12, 2015 3:28 PM
Baidu's fourth-quarter revenue was 14.05 billion yuan, or $2.26 billion, missing market forecasts of 14.12 billion yuan. The company also forecast revenue for the current quarter well below analyst expectations. and the revenue miss was the result of more users switching from PCs to mobile devices. It appears that Baidu became caught in the same dilemma Google felt as more of its users switched. At Baidu in December, search revenue from mobile surpassed that from PCs for the first time.
