Loading...
Loading...
- Baidu Inc BIDU reported first-quarter FY21 revenue growth of 25% year-on-year to $4.29 billion (RMB 28.1 billion), beating the analyst consensus of $4.22 billion.
- Online marketing revenue rose 27% Y/Y to $2.48 billion (RMB 16.3 billion); Non-marketing revenue rose 70% Y/Y to $646 million (RMB 4.2 billion) driven by cloud and other services. Revenue from iQIYI rose 4% Y/Y to $1.22 billion (RMB 8 billion).
- Non-GAAP operating income rose 204% Y/Y to $666 million (RMB4.4 billion).
- Non-GAAP net income rose 39% Y/Y to $656 million (RMB4.3 billion), with the adjusted EPS of $1.89, beating the analyst consensus of $1.66.
- Adjusted EBITDA rose 107% Y/Y to $901 million (RMB5.9 billion). The margin expanded 800 basis points to 21%.
- Revenue from Baidu Core rose 34% Y/Y to $3.13 billion (RMB 20.5 billion).
- Non-GAAP Baidu Core operating income rose 51% Y/Y to $773 million (RMB 5.1 billion) with a margin of 25%.
- Non-GAAP Baidu Core net income rose 8% Y/Y to $743 million (RMB 4.9 billion).
- Baidu Core Adjusted EBITDA rose 40% Y/Y to $990 million (RMB 6.5 billion), and the margin expanded 200 basis points to 32%.
- Baidu held $26.4 billion (RMB 172.9 billion) in cash and equivalents and generated $628 million in operating cash flow.
- Guidance: Baidu sees a Q2 revenue outlook of $4.5 billion (RMB 29.7 billion) - $5 billion (RMB 32.5 billion) compared to the analyst consensus of $4.67 billion.
- Price action: BIDU shares traded higher by 3.59% at $196 in the premarket session on the last check Tuesday.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in