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.

Baidu excels in Q3 with AI cloud growth and strategic investments

Baidu's Q3 2024 performance reflects strong revenue growth and operational efficiency, driven by AI cloud services and technological advancements.
While facing challenges in cost management and monetization strategies, the company's strategic focus on AI capabilities and financial resilience position it for future growth.
Opportunities in AI cloud expansion, ERNIE advancements, and strategic investments present avenues for Baidu to enhance market leadership and drive long-term success.

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

Adobe

Deere & Company

Artificial intelligence (AI) stocks are all the rage so far in 2023. The trend kicked off with ChatGPT and billions of dollars have since flowed into the AI space and into these stocks.

3 AI Sleeper Stocks to Buy Before Investors Wake Up

Baidu is focusing on two strong growth catalysts: Apollo Go, a fully driverless robotaxi service, and Ernie Bot, an AI-driven chatbot. The company's Q1 2023 results showed strong growth, with Apollo Go delivering 660k rides and Baidu Core revenues rising 8% to 23 billion yuan. Despite skepticism about the growth prospects of these initiatives, Baidu's stock appears undervalued, and analysts predict a 15% increase in adjusted earnings per share for this year.

Baidu: From Apollo To Ernie - Fueling Growth With Innovative Ventures

Baidu posted strong Q1 2023 results, beating analyst consensus estimates with regard to both top line earnings. For Q1 2023, revenue was up about 10% YoY and earnings jumped by close to 48% YoY respectively. Business momentum is expected to continue in Q2 as the group's advertising and cloud business are likely to capture further upside.

Baidu: Poised For A Share Price Appreciation

Alibaba

Li Auto Inc.

Investors are once again warming to Chinese stocks. Now that the government in Beijing has eased up on its crackdown, some investors expect a rebound.

3 Chinese Stocks That Will Crush Their Competition by 2030

ADTRAN Holdings Inc

Antero Resources

ADTN, AR and BIDU have been added to the Zacks Rank #5 (Strong Sell) List on May 25, 2023.

New Strong Sell Stocks for May 25th

BEIJING , May 24, 2023 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888), a leading AI company with strong Internet foundation, today announced that it will hold its annual general meeting of shareholders (the "AGM") at Baidu Campus, No. 10, Shangdi 10th Street, Haidian District, Beijing 100085, People's Republic of China on June 27, 2023 at 10:00 a.m.

Baidu to Hold Annual General Meeting on June 27, 2023

Alphabet

Microsoft

C3.ai

Intuit

SoundHound AI Inc

Upstart Holdings

Artificial Intelligence is far more than a fleeting trend. And savvy investors really shouldn't miss out.

7 AI Stocks to Make You the Millionaire Next Door

On their March quarter earnings calls, Chinese tech giants Baidu, Alibaba and Tencent outlined progress they're making with the development of generative AI.

China's internet giants bet big on A.I. as Beijing looks to rival U.S. on tech 'paradigm shift'

Tencent Holdings Limited

The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they will likely face continuing skepticism from investors.

Alibaba, Baidu and Tencent Signal First Steps in Bumpy Recovery

Bank of America

JPMorgan Chase & Co

Wells Fargo

Bridgewater Associates, the mega hedge fund founded by Ray Dalio (Trades, Portfolio), disclosed in a portfolio update filing that its top trades during the first quarter included a major reduction to its Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial) holding and the closure of its positions in Bank of America Corp. ( BAC , Financial), JPMorgan Chase & Co. ( JPM , Financial), Baidu Inc. ( BIDU , Financial) and Wells Fargo & Co. ( WFC , Financial). The firm also boosted its investment in Alphabet Inc. ( GOOGL , Financial).

Ray Dalio's Bridgewater Slashes Berkshire Holding, Exits 3 Banks

Alibaba's shares fall after revenue misses forecasts; Tencent and Baidu see more marked upturn.

Chinese Tech Giants' Results Reflect Lackluster Economic Recovery

JD.com

NetEase

Chinese stocks have traversed a tough road over the past year, but nimble investors might be able to find opportunity among these top-rated names.

5 Best Chinese Stocks to Buy

KraneShares CSI China Internet ETF

Pinduoduo Inc - ADR

Quarterly U.S. regulatory filings this week revealed that Scion Asset Management, the hedge fund founded by Michael Burry, doubled down on China stock bets. The question is, should investors?

Michael Burry of The Big Short fame doubled down on China bets. Here's what other investors are saying

Wow, did you see those earnings from Baidu? They were excellent, as Baidu crushed consensus EPS and revenue estimates again.

Baidu: Crushes Earnings - Strong Buy Now

Apple

Weibao Wang is a senior executive at Jidu, an electric vehicle joint venture between Baidu and Chinese car maker Geely.

Ex-Apple employee accused of stealing trade secrets is exec at Baidu self-driving car joint venture

Baidu Inc's experience in tailoring its search engine to Chinese regulatory requirements makes it confident its AI-driven chatbot won't make mistakes on "important and sensitive topics", the company said on Tuesday.

China's Baidu confident its AI chatbot won't make mistakes on 'sensitive topics'

Baidu, Inc. (NASDAQ:BIDU ) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET Company Participants Juan Lin - Director, Investor Relations Robin Li - Co-Founder and Chief Executive Officer Rong Luo - Chief Financial Officer Dou Shen - Executive Vice President, AI Cloud Group Conference Call Participants Alex Yao - J.P. Morgan Alicia Yap - Citigroup Gary Yu - Morgan Stanley Lincoln Kong - Goldman Sachs Miranda Zhuang - Bank of America Securities Kenneth Fong - Credit Suisse Wei Xiong - UBS Operator Hello and thank you for standing by for Baidu's First Quarter 2023 Earnings Conference Call.

Baidu, Inc. (BIDU) Q1 2023 Earnings Call Transcript

Baidu NASDAQ: BIDU reported its first quarter 2023 earnings results during the dawn hours of Tuesday morning; the company's shares are sliding by as much as 2.4% in the pre-market hours, as a result of initial sentiment toward the figures reported in the earnings release. The initial reactions seem disconnected from what was shown in the company's growing financials, which delivered growth at double-digit clips across the board.

As China Wakes Up, Baidu Gets Noticed

Baidu's first-quarter earnings and revenue beat analysts' expectations, as it focuses on artificial-intelligence technology.

Baidu Stock Rises. It Topped Earnings Expectations.

Search engine giant Baidu Inc beat first-quarter revenue estimates on Tuesday as businesses spent more on advertising after China lifted COVID curbs late last year.

China's Baidu beats quarterly revenue estimates on ad strength

BEIJING, May 16, 2023 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the first quarter ended March 31, 2023. "In the first quarter of 2023, Baidu Core delivered a solid performance, with year-on-year revenue growth accelerating from previous quarters, supporting operating margin improvement through operating leverage," said Robin Li, Co-founder and CEO of Baidu.

Baidu Announces First Quarter 2023 Results

BYD Company Limited

China's decision to reopen its economy offers us opportunities to invest in undervalued Chinese stocks. In fact, with that key headwind out of the way, many investors have been betting on a resurgence in growth among some of China's most undervalued stocks.

3 Undervalued Chinese Stocks That Are Ready to Explode

Exelixis

Innovative Industrial Properties

Pinterest

Redfin

The stock market is unpredictable over short periods, as evidenced by the Nasdaq Composite losing a third of its value in 2022. Conversely, stock indexes are highly predictable over long periods and have, eventually, recouped all losses associated with previous corrections and bear markets.

Nasdaq Bear Market: 5 Exceptional Growth Stocks You'll Regret Not Buying on the Dip

Baidu's (BIDU) first-quarter results are expected to reflect its AI business strength and gains from expanding autonomous driving efforts amid pandemic-related headwinds.

Baidu (BIDU) to Post Q1 Earnings: What's in the Offing?

AerCap Hlds

Bayerische Motoren Werke AG

CIRCOR

Cool Co Ltd

Ramaco Resources

Mistras Group

Naspers Ltd

PayPal

Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market.

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