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Baidu Q3 Financial Report: Net Profit Increased by 17%

邹高清
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On the evening of November 21st, Baidu released its financial report for the third quarter of 2024, showing a total quarterly revenue of 33.6 billion yuan, Baidu's core revenue of 26.5 billion yuan, and a net profit attributable to Baidu's core of 7.54 billion yuan, a year-on-year increase of 17%. According to the financial report, in November, the daily average call volume of Wenxin's large model reached 1.5 billion times. Compared to the 50 million disclosures in Q4 last year, it has increased 30 times within a year.
According to the financial report, in the third quarter, Baidu launched two enhanced lightweight models, ERNIE Speed Pro and ERNIE Lite Pro, further expanding the richness of the Wenxin series models. As of November, the number of PaddlePaddle Wenxin ecological developers has reached 18.08 million.
According to the financial report, in September, the monthly active users of Baidu App reached 704 million, a year-on-year increase of 6%; During the quarter, Baidu's core online marketing revenue was 18.8 billion yuan. Baidu is continuously promoting the reconstruction of search models and enriching the search experience through intelligent agents and other content. Public data shows that there are 150000 enterprises and 800000 developers on the Baidu Wenxin intelligent agent platform; At the recent Baidu World event, Baidu Wenku and Baidu Netdisk jointly released the tool based intelligent agent "Free Canvas", with over 200000 people pre ordering to experience it on the first day.
In terms of intelligent cloud business, public data shows that Baidu AI Cloud Qianfan model platform has helped customers fine tune 33000 models and develop 770000 enterprise applications. In the field of autonomous driving, as of October 28th, Baidu's autonomous driving travel service has provided over 8 million rides nationwide; The number of ride hailing services provided in the third quarter reached 988000, a year-on-year increase of 20%. At present, the sixth generation autonomous vehicles have provided services on public roads in multiple cities in China.
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