BEIJING (AP) — Baidu Inc., which operates China's leading search engine, says its first quarter profit rose 76 percent as it attracted more customers and revenue per customer rose.
The Beijing-based company said Thursday net income in the three months that ended March 31 rose to $299 million, or 85 cents per share. Revenue grew 75 percent to $677.1 million.
Baidu said its active online marketing customers rose 17 percent to about 321,000 in the period. Revenue per customer rose 49 percent.
Baidu said it expects second-quarter revenue of $847 million to $867 million, below the $869.6 million expected by analysts, according to FactSet.
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