Baidu, Inc. Provides Revenue Guidance for the Third Quarter of 2021
August 12, 2021 at 08:00 am EDT
Baidu, Inc. provided revenue guidance for the third quarter of 2021. For the third quarter, the company expects revenue to be between CNY 30.6 billion and CNY 33.5 billion, representing a growth rate of 8% to 19% year on year, which assumes that Baidu core revenue will grow between 9% year on year and 20% year on year. The above forecast takes into consideration the current COVID-19 situation in China, which is evolving, and business visibility is limited.