Baidu Inc - ADR

NASDAQ:BIDU   3:59:59 PM EDT
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Other Pre-Announcement

Baidu Reports Q3 Revenue up 1% To RMB 28.2 Bln

Published: 11/16/2020 22:01 GMT
Baidu Inc (BIDU) - Baidu Announces Third Quarter 2020 Results.
Qtrly Total Revenues Reached Rmb 28.2 Billion ($4.16 Billion), Increasing 1% Year Over Year.
Qtrly Online Marketing Revenue From Baidu Core Was Rmb 18.4 Billion ($2.72 Billion), Which Was Basically Flat From Last Year.
Qtrly Non-GAAP Diluted Earnings per Ads Rmb 20.35.
Qtrly Diluted Earnings per Ads Was Rmb 39.79.
Iqiyi Subscribers Reached 104.8 Million in September 2020, and Membership Revenue Was Up 7% Year Over Year.
Q3 Revenue View Cny 27.45 Billion -- Refinitiv Ibes Data (analyst estimates).
For Q4 of 2020, Baidu Expects Revenues to Be Between Rmb 28.6 Billion ($4.2 Billion) and Rmb 31.3 Billion ($4.6 Billion).
Q4 Revenue View Cny 28.98 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Earnings per Share View Cny 13.62 -- Refinitiv Ibes Data (analyst estimates).