Baidu Inc
BIDU
ISIN US0567521085 / Valor 2231362
Baidu Inc
UMushroom community rating:
About company
Baidu Inc is a leading AI company that offers online marketing services, non-marketing value-added services, and products from new AI initiatives. The company's core business segment, Baidu Core, accounts for over 70% of its revenue, while iQIYI makes up the remaining revenue. Baidu has built a diversified portfolio of products and services accessed by over one billion devices monthly, spanning an ecosystem of millions of users, developers, and enterprises. With a strong technology foundation and open platform business model, Baidu aims to simplify the complicated world through technology. Founded in 2000 as a search engine platform, Baidu has evolved into a leading AI company with a full AI stack, including AI chips, deep learning framework, and core AI capabilities like natural language processing and speech recognition.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Total Revenue
Baidu Inc. reported total revenues of RMB31.5 billion ($4.37 billion) for the first quarter of 2024, marking a 1% increase year over year. This growth was primarily driven by the company's AI Cloud business and stable online marketing revenue.
Operating Income
For the first quarter of 2024, Baidu Inc. achieved an operating income of RMB5.5 billion ($760 million), reflecting a 10% year-over-year increase. The non-GAAP operating income was RMB6.7 billion ($924 million), showing a 4% increase from the same period last year.
Net Income
Baidu Inc.'s net income attributable to the company for Q1 2024 was RMB5.4 billion ($755 million), a 6% decrease year over year. However, the non-GAAP net income was RMB7.0 billion ($971 million), representing a 22% increase compared to the first quarter of 2023.
Adjusted EBITDA
The adjusted EBITDA for Baidu Inc. in the first quarter of 2024 was RMB8.2 billion ($1.14 billion), maintaining a margin of 26%. For Baidu Core, the adjusted EBITDA was RMB7.1 billion ($986 million), also with a margin of 30%.
Cash and Investments
As of March 31, 2024, Baidu Inc. held cash, cash equivalents, restricted cash, and short-term investments totaling RMB191.8 billion ($26.56 billion). Excluding iQIYI, these assets amounted to RMB185.8 billion ($25.73 billion).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
24341 M
Market cap (USD)
531,170
Daily traded volume (Shares)
86.72 / 84.98
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Robin Roten
Tej Ram Kumpakha
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