April 26, 2018 / 8:44 PM / 3 months ago

Baidu's quarterly revenue rises 24 percent

April 26 (Reuters) - Baidu Inc’s first-quarter revenue climbed about 24 percent, led by growth in the Chinese online search giant’s advertising business.

Net income attributable to Baidu rose to 6.69 billion Chinese yuan ($1.06 billion) in the quarter ended March 31, or 18.68 yuan per American depositary share (ADS), from 1.78 billion yuan, or 4.63 yuan per ADS from a year earlier.

Revenue came in at 20.91 billion yuan, up from 16.89 billion yuan a year earlier.

$1 = 6.3340 Chinese yuan renminbi Reporting by Munsif Vengattil in Bengaluru; Editing by Sai Sachin Ravikumar

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