China's Baidu tops quarterly revenue estimates
Feb 26 (Reuters) - China's largest search engine operator Baidu topped market estimates for quarterly revenue on Thursday, as strong growth in its cloud business helped cushion the hit from persistent weakness in its mainstay advertising business.
The company reported total revenue of 32.74 billion yuan ($4.79 billion) for the quarter ended December, compared with analysts' average estimate of 32.62 billion yuan, according to data compiled by LSEG.
($1 = 6.8395 Chinese yuan renminbi)
(Reporting by Deborah Sophia in Bengaluru; Editing by Alan Barona)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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