Latest news with #BaiduInc
Yahoo
21-05-2025
- Business
- Yahoo
Baidu Crushes Q1 Forecasts--So Why Is the Stock Sinking?
Baidu Inc. (NASDAQ:BIDU) shares plunged about 2.5% on Wednesday despite the company posting first-quarter results that topped revenue and EPS forecasts. Warning! GuruFocus has detected 3 Warning Signs with BIDU. Revenue grew 3% year-on-year to RMB 32,452 ($4.47 billion), above the RMB 31 billion consensus. Core business sales rose 7% to RMB 25.5 billion, while non-marketing revenue, which includes AI Cloud and other services, surged 40% to RMB 9.4 billion. Online advertising declined 6% to RMB 16 billion, underscoring Baidu's shift toward high-growth segments. Adjusted EPS came in at RMB 18.5, beating the RMB 13.84 estimate. However, operating income fell 18%, with margins contracting 300 basis points to 14%, as traffic acquisition and cloud infrastructure costs lifted operational expenses to RMB 17.5 billion. Sales, marketing and administrative spending climbed 10% to RMB 5.9 billion, while R&D costs eased 15% to RMB 4.5 billion on lower personnel expenses. Adjusted EBITDA declined 13% to RMB 7.2 billion, reflecting a 22% margin. iQIYI video revenue slipped 9% to RMB 7.2 billion. Cash and equivalents stood at RMB 49.2 billion as of March 31. AI Cloud momentum, up 42% year on year, drove Baidu Core growth, CEO Robin Li said, highlighting the firm's distinctive price-performance edge in full-stack AI offerings. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Baidu Crushes Q1 Forecasts--So Why Is the Stock Sinking?
Baidu Inc. (NASDAQ:BIDU) shares plunged about 2.5% on Wednesday despite the company posting first-quarter results that topped revenue and EPS forecasts. Warning! GuruFocus has detected 3 Warning Signs with BIDU. Revenue grew 3% year-on-year to RMB 32,452 ($4.47 billion), above the RMB 31 billion consensus. Core business sales rose 7% to RMB 25.5 billion, while non-marketing revenue, which includes AI Cloud and other services, surged 40% to RMB 9.4 billion. Online advertising declined 6% to RMB 16 billion, underscoring Baidu's shift toward high-growth segments. Adjusted EPS came in at RMB 18.5, beating the RMB 13.84 estimate. However, operating income fell 18%, with margins contracting 300 basis points to 14%, as traffic acquisition and cloud infrastructure costs lifted operational expenses to RMB 17.5 billion. Sales, marketing and administrative spending climbed 10% to RMB 5.9 billion, while R&D costs eased 15% to RMB 4.5 billion on lower personnel expenses. Adjusted EBITDA declined 13% to RMB 7.2 billion, reflecting a 22% margin. iQIYI video revenue slipped 9% to RMB 7.2 billion. Cash and equivalents stood at RMB 49.2 billion as of March 31. AI Cloud momentum, up 42% year on year, drove Baidu Core growth, CEO Robin Li said, highlighting the firm's distinctive price-performance edge in full-stack AI offerings. This article first appeared on GuruFocus.
Bloomberg
21-05-2025
- Business
- Bloomberg
Baidu Reports Surprise Revenue Jump During China's AI Battle
Baidu Inc. 's revenue beat estimates, after China's internet search leader fended off intensifying competition in AI and a persistent economic downturn. Revenue for the three months ended March rose 3% to 32.45 billion yuan ($4.5 billion), when analysts expected it to shrink to 31.03 billion yuan. Net income for the same period came at 7.72 billion yuan.
Washington Post
21-05-2025
- Business
- Washington Post
Baidu Inc.: Q1 Earnings Snapshot
BEIJING — BEIJING — Baidu Inc. (BIDU) on Wednesday reported first-quarter earnings of $1.06 billion. On a per-share basis, the Beijing-based company said it had net income of $2.98. Earnings, adjusted for one-time gains and costs, came to $2.55 per share. The web search company posted revenue of $4.47 billion in the period.
Yahoo
21-05-2025
- Business
- Yahoo
Baidu Inc.: Q1 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Wednesday reported first-quarter earnings of $1.06 billion. On a per-share basis, the Beijing-based company said it had net income of $2.98. Earnings, adjusted for one-time gains and costs, came to $2.55 per share. The web search company posted revenue of $4.47 billion in the period. Baidu Inc. shares have climbed 6% since the beginning of the year. The stock has fallen 18% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BIDU at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
