China's Baidu's first quarter sales reach 31.5 billion...Net profit up 20% - Chinese reports

Baidu, China's largest internet search engine, reported first-quarter (January-March) sales that exceeded market expectations.
On the 16th, Baidu announced its first quarter 2024 financial results. According to the announcement, sales increased 1% year-on-year to 31.5 billion
Adjusted net income (Non-GAAP) increased 22% year-on-year to 7,011 million former (approximately 150 billion yen).
Of these, Baidu Core, which provides search and AI services,
Sales of "Core" increased 4% year on year to 23.8 billion former (approximately 510 billion yen). Adjusted net income increased 26% year on year to 6.628 billion former (approximately 140 billion yen).
also exceeded market expectations.