Baidu Q2 revenues down 1%Christian Fernsby ▼ | August 14, 2020
Baidu announced its unaudited financial results for the second quarter ended June 30, 2020.
Online marketing revenues were $2.50 billion, decreasing 8% year over year.
Other revenues were RMB 8.3 billion ($1.18 billion), increasing 18% year over year, driven by the strong growth of iQIYI membership and Baidu's cloud and smart transportation solutions.
Non-GAAP operating income was RMB 5.6 billion ($793 million).
Non-GAAP Baidu Core operating income was RMB 6.5 billion ($917 million). Adjusted EBITDA was RMB 7.0 billion ($993 million) and adjusted EBITDA margin was 27%. ■