Profile
Sector:
Communication ServicesIndustry:
Internet Content & InformationCountry:
ChinaIPO:
05 August 2005Website:
http://ir.baidu.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
pre-market | 3 min agoDividend
Analysts recommendations
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BIDU Latest News
With Baidu reporting a double miss for Q3 2024, BIDU stock has dipped by ~6% to a multi-year support zone in the low $80s. In Q3, Baidu's AI Cloud and Apollo Go businesses made tremendous progress, but online marketing revenue shrunk -4% y/y amid headwinds from macroeconomic factors and "Search" renovation. Baidu's long-term prospects are strong, with significant advancements in AI and autonomous driving, supported by a robust balance sheet and potential for substantial future growth.
Baidu, Inc. (NASDAQ:BIDU ) Q3 2024 Earnings Conference Call November 21, 2024 7:30 AM ET Company Participants Juan Lin - Director, Investor Relations Robin Li - Co-Founder & Chief Executive Officer Junjie He - Interim CFO Rong Luo - Chief Financial Officer Dou Shen - Executive Vice President, AI Cloud Group Conference Call Participants Alicia Yap - Citigroup Alex Yao - JPMorgan Gary Yu - Morgan Stanley Lincoln Kong - Goldman Sachs James Lee - Mizuho Thomas Chong - Jefferies Wei Xiong - UBS Miranda Zhuang - Bank of America Securities Operator Hello, and thank you for standing by for Baidu's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
Baidu.com (NASDAQ:BIDU), the Chinese internet search and robotaxi company, reported a fall in sales for the past quarter but higher profits, though both were better than expected. The shares were trading down 2% in US premarket trading on Thursday, down 0.2% in Hong Kong.
Baidu's results weren't particularly bad, but it has failed to shake off problems growing advertising sales.
BEIJING , Nov. 21, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the third quarter ended September 30, 2024. "Baidu Core's flattish third quarter top line reflected the ongoing weakness in our online marketing business, offset by the growth of our AI Cloud business.
Baidu Inc BIDU will report its third-quarter earnings on Thursday. Wall Street expects $2.35 in earning per share and $4.69 billion in revenues as the company reports before market hours.
Michael Burry's Scion Asset Management has significant positions in Alibaba, Baidu, and JD.com, with puts as hedges against potential downturns in Chinese stocks. Baidu, Inc., often called the “Google of China,” offers growth potential in AI and autonomous driving, trading at a low valuation with strong cash flows. Despite China-specific risks, Baidu's low earnings multiple and reliable earnings performance make it an attractive long-term investment.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Recently, Zacks.com users have been paying close attention to Baidu Inc. (BIDU). This makes it worthwhile to examine what the stock has in store.
Baidu Inc. (BIDU) closed the most recent trading day at $84.46, moving -0.4% from the previous trading session.
What type of business is Baidu?
Baidu, Inc. is a Chinese technology company specializing in internet services (online digital distribution services, search services, etc.) and the development of artificial intelligence technologies (voice assistant platforms, autonomous driving platform Apollo, etc.). The company was registered in the Cayman Islands in 2000. The Baidu Core segment offers a wide range of products and services available through mobile devices, PCs, and other smart devices (social networking platforms, online encyclopedia, search engine, intelligent navigation systems, etc.), online marketing services through its own patented system, cloud services, autonomous driving platform, and more. The iQIYI segment is an online platform for original video content, professional and user-generated, an innovative leader in the online service market in China.
What sector is Baidu in?
Baidu is in the Communication Services sector
What industry is Baidu in?
Baidu is in the Internet Content & Information industry
What country is Baidu from?
Baidu is headquartered in China
When did Baidu go public?
Baidu initial public offering (IPO) was on 05 August 2005
What is Baidu website?
https://ir.baidu.com
Is Baidu in the S&P 500?
No, Baidu is not included in the S&P 500 index
Is Baidu in the NASDAQ 100?
No, Baidu is not included in the NASDAQ 100 index
Is Baidu in the Dow Jones?
No, Baidu is not included in the Dow Jones index
When was Baidu the previous earnings report?
No data
When does Baidu earnings report?
Next earnings report date is not announced yet