Baidu Inc - ADR

+2.13 (+1.14%)
4:18:42 PM EDT: $189.83 +0.01 (+0.01%)
Other Pre-Announcement

Baidu Sees Q2 Revenues Between RMB29.7 Bln And RMB32.5 Bln

Published: 05/18/2021 09:51 GMT
Baidu Inc - ADR (BIDU) - Baidu Inc Sees Q2 Revenues to Be Between Rmb29.7 Billion and Rmb32.5 Billion.
Qtrly Total Revenues Rmb28,134 Million Versus Rmb22,545 Million.
Qtrly Adjusted EBITDA Rmb5,900 Million Versus Rmb 2,852 Million.
For Q2, Expect Baidu Core Revenue Will Grow Between 20% and 33% Year Over Year.
Qtrly Diluted Earnings per Ads Rmb73.76.
Qtrly Non-GAAP Diluted Earnings per Ads Rmb12.38.
Will Continue to Invest Heavily in Sales, Research and Development and Operations to Support Rapid Growth of Co's Ai- Powered Business.
Qtrly Non-marketing Revenue Was Rmb4.2 Billion ($646 Million), Up 70%, Driven by Cloud.
Qtrly Online Marketing Revenue Was Rmb16.3 Billion ($2.48 Billion), Up 27% Year Over Year.
Financial Guidance Does Not Include Potential Contribution From an Acquisition of Yy Live.