Chinese Web Search Giant Baidu Sees $677 Million In Q1 Revenue, Up 75% Year-Over-Year

Baidu, China's leading web search company today issued its quarterly earnings report for the first three months of 2012. The company made $677 million in top-line revenue, up 75 percent from the revenue it posted in the first quarter of 2011. Baidu performed just as strongly at the bottom line as well, posting a net income of $299 million, up 75.9 percent year-over-year. In case you need some context for that: Google reported revenues of $10.65 billion and net income of $2.89 billion for the first quarter of 2012; Facebook's Q1 revenue was a bit over $1 billion.

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