Baidu announced its financial report for the third quarter of 2024 yesterday, showing total revenue of 33.6 billion RMB, a 3% decrease compared to the same period last year. In terms of net profit, Baidu's net profit attributable to the company was 7.6 billion RMB, while the non-GAAP net profit was 5.9 billion RMB. During the subsequent earnings conference call, Baidu's senior management, including Chairman and CEO Li Yanhong, President of the Mobile Ecosystem Group Luo Rong, President of the Intelligent Cloud Group Shen Dou, and Acting CFO He Junjie, provided detailed insights on the highlights of the report.
Baidu announced today its financial report for the third quarter of 2024. The data shows that the company's total revenue reached 33.6 billion yuan in the three months ending September 30, a decrease of 3% compared to the same period last year. In terms of net profit, Baidu's net profit attributable to the company was 7.6 billion yuan, while the net profit calculated according to non-GAAP was 5.9 billion yuan.
Baidu's Chief Technology Officer Wang Haifeng announced at the 'Baidu World 2024' conference that the user base of Wenxin Yiyan has reached 430 million. Since its launch on March 16 last year, Baidu's Wenxin large model has undergone continuous upgrades, with technologies such as knowledge enhancement, retrieval enhancement, and intelligent agents continually evolving. Wang Haifeng detailed the latest technological advancements and applications of the Wenxin large model, including retrieval-enhanced text-to-image technology, the no-code product Miaoda, and Wenxin Fast Code, among others.