Baidu, Inc. (NASDAQ: BIDU) – Baidu Shares Good points In Q1 Earnings Beat, Margin Enlargement

  • Baidu Inc (NASDAQ: BIDU) reported 25% year-on-year income development within the first quarter of FY21 to $ 4.29 billion (RMB 28.1 billion), beating analysts’ consensus of $ 4.22 billion.
  • On-line advertising and marketing income elevated 27% year-on-year to $ 2.48 billion (RMB 16.3 billion); Non-marketing income grew 70% year-on-year to $ 646 million (RMB 4.2 billion) because of cloud and different companies. IQIYI’s income grew 4% year-on-year to $ 1.22 billion (RMB 8 billion).
  • Non-GAAP working revenue elevated 204% year-on-year to $ 666 million (RMB 4.4 billion).
  • Non-GAAP internet revenue rose 39% year-on-year to $ 656 million (RMB 4.3 billion), with adjusted EPS of $ 1.89, beating analyst consensus of $ 1.66.
  • Adjusted EBITDA elevated 107% year-on-year to $ 901 million (RMB 5.9 billion). The margin elevated 800 foundation factors to 21%.
  • Baidu Core’s income grew 34% year-on-year to $ 3.13 billion (RMB 20.5 billion).
  • Baidu Core’s non-GAAP working revenue elevated 51% yr on yr to $ 773 million (RMB 5.1 billion) with a margin of 25%.
  • Baidu Core’s non-GAAP internet revenue elevated 8% year-on-year to $ 743 million (RMB 4.9 billion).
  • Baidu Core’s adjusted EBITDA elevated 40% yr on yr to $ 990 million (RMB 6.5 billion), and the margin elevated 200 foundation factors to 32%.
  • Baidu held $ 26.4 billion (RMB 172.9 billion) in money and money equivalents and generated $ 628 million in working money movement.
  • Recommendation: Baidu expects second-quarter income of $ 4.5 billion (RMB 29.7 billion) – $ 5 billion (RMB 32.5 billion) in comparison with analyst consensus of 4.67 billion {dollars}.
  • Value motion: BIDU shares traded up 3.59% to $ 196 within the pre-market session on the final examine on Tuesday.

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