More on Baidu's Q1: Q2 guidance implies only 56%-60% Y/Y revenue growth, down from Q1's 75% and...

|By:, SA News Editor

More on Baidu's Q1: Q2 guidance implies only 56%-60% Y/Y revenue growth, down from Q1's 75% and Q4's 82.5% Traffic acquisition costs fell 10 bps Q/Q to 7.8%. Active ad customers rose 3.2% Q/Q and 17.2% Y/Y to 321K. Revenue per customer, while up 49.4% Y/Y, fell 7.6% Q/Q to $2,112. Though seasonality had an impact, this is a troubling stat given Q/Q growth was flat in Q1 '11. R&D expenses rose 85.2% Y/Y, SG&A expenses 43.9%. BIDU -7.4% AH. (PR)