Revenue segments as reported by the company.

Online Marketing Services

Other Revenue

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Baidu

91 Wireless was one of China's largest app stores for Android. 91 Wireless claimed that more than 12.9 billion apps had been downloaded from its markets. Its platform included the products 91 Assistant and HiMarket. It was acquired in 2013 by Baidu for $1.9b.

91 Wireless

Baidu, Inc. engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI. The Baidu Core segment provides search-based, feed-based, and other online marketing services. The iQiyi segment is an online entertainment service provider, which offers original, professionally produced and partner-generated content on its platform. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Baidu reports strong Q1 earnings driven by AI innovation

Baidu's Q1 2023 performance reflects robust revenue growth and profitability in key segments, driven by AI innovation and operational efficiency.
While facing challenges in market entry barriers and competitive pressures, Baidu's strengths in AI capabilities and efficiency enhancements position it for growth.
Opportunities lie in leveraging ERNIE Bot across sectors, expanding service offerings, and solidifying its position as a cloud market leader.

Baidu reports robust Q2 performance driven by AI innovations

Baidu's AI-driven revenue growth in online marketing and AI Cloud, coupled with advancements in autonomous driving, underpin its strategic focus on AI innovation and sustainable growth.
The company's strengths in AI capabilities, competitive architecture, and long-term investments position it well for future growth, despite challenges in regulatory compliance and margin improvement.
Opportunities lie in expanding AI applications across industries, scaling autonomous driving operations, and capitalizing on the intelligent driving trend in the auto industry.

Baidu excels in Q3 with AI innovation driving growth

Baidu's Q3 performance reflects resilience amidst challenges, driven by AI innovation and strong financial fundamentals. The company navigates macro headwinds while capitalizing on AI opportunities and optimizing operations for sustained growth.

Baidu reports revenue growth and AI advancements in Q4 2023

Baidu's Q4 2023 performance showed revenue growth and margin expansion, driven by advancements in AI and strategic partnerships
While challenges in cost management persist, opportunities in revenue growth and enterprise adoption of AI technologies are on the horizon

Baidu's Q1 2024 earnings show AI focus and steady growth

Baidu reported steady revenue growth, disciplined cost management, and a strategic shift towards AI-first business. The company's focus on high-quality growth, share buyback programs, and AI-driven opportunities positions it well for future success.

Baidu excels in Q2 with robust AI growth and autonomous progress

Baidu's Q2 performance reflects strong revenue growth, particularly in AI cloud and Baidu Core segments. The company's strategic focus on AI investments and autonomous vehicles is driving innovation and enhancing user experience. While facing challenges in a competitive landscape, Baidu has opportunities to capitalize on AI advancements for sustainable growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Baidu's stock trades at bargain levels. The tech company struggled to grow lately.

2 Major Risks Investors Should Know Before Buying Baidu Stock

MicroStrategy Incorporated

No innovation is garnering more attention from Wall Street and investors than artificial intelligence (AI). A cash-rich, time-tested company, which has multiple fast-growing operating segments tied to the AI revolution, is as cheap as it's ever been as a publicly traded company.

1 Historically Cheap Artificial Intelligence (AI) Stock to Buy Hand Over Fist in September, and 1 to Avoid Like the Plague (and It's Not Nvidia)

Baidu's Q2 results exceeded expectations, with 8% QoQ revenue growth and strong free cash flow, despite headwinds in digital advertising. Baidu remains deeply profitable with a 19% free cash flow margin, making it an attractive investment in a challenging Chinese economy. Baidu's shares are undervalued at a P/E ratio of 7.4X, presenting significant revaluation potential.

Baidu: 7.4X P/E, Strong FCF And Capital Return Potential

Alibaba

As several popular U.S.-listed Chinese stocks begin to show signs of a rebound, investors are left wondering whether now is the right time to jump back into the market or if these gains could be another value trap. The iShares China Large-Cap ETF NYSE: FXI has managed to buck its downtrend this year, trending nearly 10% higher year-to-date and consolidating above its 200-day SMA in a bullish pattern.

Are These Chinese Stocks a Buy? Michael Burry's Top Picks Say Yes

NVIDIA

Hang Seng and Nikkei slide amid global market jitters over NVIDIA earnings. US consumer confidence temper rate cut bets.

Hang Seng Index Drops Amid NVIDIA Earnings Jitters with Baidu Down 3%

Baidu's stock slipped after its mixed second-quarter earnings report. Its online marketing revenue declined again, and its growing cloud and AI businesses aren't offsetting that pressure.

Baidu's Stock Is Down Nearly 30% in 2024. Is It a Value Play?

JD.com

Pinduoduo Inc - ADR

Following a disappointing second-quarter earnings report, U.S.-listed shares of China-based online retailer PDD Holdings Inc - ADR (NASDAQ:PDD) are eyeing their  worst day ever.

3 China Stocks to Watch Amid PDD Post-Earnings Plummet

Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Baidu, Inc BIDU with a price target of $129.

Baidu's Robotaxi Has been Getting Closer To Scalable Adoption With Unit Economics Breakeven In Sight: Goldman Sachs

Baidu's Q2 earnings were solid, but the lack of significant shareholder payouts is concerning. The Company's net payout to investors drops close to 0 when factoring in stock-based compensation. BIDU's non-existent payout is inexcusable given its substantial cash reserves and market cap ratio.

Baidu Q2: Lack Of Significant Shareholder Payouts Concerning

While Baidu faces increasingly stiff competition in China's search engine market, the company's revenues are diversifying via ever-increasing uptake from corporate clients for its AI-driven products and services. While net revenue trends across both “Core” and iQIYI trends suggest underperformance relative to the past year, net income and earnings trends remain positive. Baidu's ChatGPT competitor ERNIE is being considered as a promising solution for clients in China.

Baidu Stock: Why Some Institutional Investors Have Been Loading Up

Recently, investors have had the chance to gain insight into the portfolios of Wall Street's mega investors, from Warren Buffett and his multi-billion dollar positions and portfolio shifts to Michael Burry and his not-so-contrarian value investments. Michael Burry directly goes against popular culture and opinion by allocating some of his capital to Chinese stocks.

Baidu's Strong Quarter Proves a Smart Pick for Michael Burry

Chinese search giant Baidu's core advertising business shrank in the second quarter, a trend that analysts say may continue for the rest of this year amid China's sluggish economic recovery and the company's struggle to monetize its own artificial intelligence technologies.

Worries About Baidu Ad Shrinkage Mount Amid Problems Monetizing AI

Figures Baidu reported Thursday showed the number of robotaxi rides operated publicly grew by 26% year-on-year in the first half of the year, according to CNBC calculations. That's down sharply from year-on-year growth of 184% in the first half of 2023.

Baidu reports slower growth in robotaxi rides

The Chinese tech sector mainstay stagnated on the top line in its latest quarter. Analysts were collectively anticipating higher revenue but a lower adjusted net income figure.

Why Baidu Stock Tumbled Today

Baidu (NASDAQ: BIDU) stock ended the day down 4.4% after releasing earnings and missing on revenue targets for the quarter but beating analyst estimates on earnings per share (EPS).

The Good, Bad and Ugly of Baidu's 2Q 2024 Earnings

Baidu, China's leading search engine and a pioneer in artificial intelligence (AI), reported a 0.4% decline in revenue for Q2 2024, totaling 33.93 billion yuan ($4.67 billion).  While this figure slightly surpassed analysts' expectations of 33.

Baidu's AI transition faces headwinds amid China's economic slowdown, shares drop

Baidu, Inc. (NASDAQ:BIDU ) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Juan Lin - Director, Investor Relations Robin Li - Co-Founder & Chief Executive Officer Rong Luo - Chief Financial Officer Dou Shen - Executive Vice President, AI Cloud Group Conference Call Participants Alex Yao - JPMorgan Gary Yu - Morgan Stanley Lincoln Kong - Goldman Sachs Thomas Chong - Jefferies Miranda Zhuang - Bank of America Securities Alicia Yap - Citigroup Wei Xiong - UBS Operator Hello, and thank you for standing by for Baidu's Second Quarter and Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

Baidu, Inc. (BIDU) Q2 2024 Earnings Call Transcript

Baidu (NASDAQ: BIDU ) just reported results for the second quarter of 2024. Baidu reported earnings per share of $2.89.

BIDU Stock Earnings: Baidu Beats EPS, Misses Revenue for Q2 2024

Chinese internet giant Baidu posted flat second-quarter revenue on Thursday, as an uncertain economic outlook in the country weighs on household consumption.

Chinese internet giant Baidu posts flat revenue as consumption slumps

Baidu edged higher early Thursday, after the China search giant beat Q2 earnings estimates but sales missed.

China Internet Giant Baidu Posts Earnings Beat While Sales Miss

Search engine giant Baidu , reported quarterly revenue above market estimates on Thursday, signaling some recovery in the Chinese advertising market.

China's Baidu beats quarterly revenue estimates

BEIJING , Aug. 22, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the second quarter ended June 30, 2024. "AI Cloud continued to accelerate in the second quarter, offsetting the ongoing macro headwinds for online marketing revenue and resulting in modestly positive topline growth for Baidu Core.

Baidu Announces Second Quarter 2024 Results

Baidu has been an early adopter of AI for its business operations. AI could help Baidu grow its cloud-computing and autonomous-driving businesses.

The Age of AI: How Baidu Positions Itself to Thrive

Baidu Inc BIDU will be reporting its second-quarter earnings on Thursday. Wall Street expects $2.76 in EPS and $4.4 billion in revenues as the company reports before market hours.

Baidu's Search For Stability: Can Q2 Earnings Counter Bearish Signals?

Baidu's search engine has a huge market share in China. The company is heavily invested in the artificial intelligence industry.

News for Baidu Stock (BIDU)