According to Securities Times, on the evening of May 16th, Baidu released its Q1 2024 financial report, which showed a total revenue of 31.5 billion yuan in the first quarter. The net profit attributable to Baidu (Non GAAP) was 7.011 billion yuan, a year-on-year increase of 22%, while the net profit attributable to Baidu's core (Non GAAP) was 6.628 billion yuan, a year-on-year increase of 26%, both exceeding market expectations.
The financial report shows that by the middle of April, the number of developers in Baidu PaddlePaddle developer community had increased to 13 million; Carrot Run provided approximately 826000 ride services in the first quarter, a year-on-year increase of 25%. As of April 19th, it has provided over 6 million ride services; In March this year, the monthly active users of Baidu App reached 676 million, a year-on-year increase of 3%.