BIDU Earnings Prediction
The chart below shows how BIDU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BIDU sees a +1.48% change in stock price 10 days leading up to the earnings, and a +1.62% change 10 days following the report. On the earnings day itself, the stock moves by -1.77%. This data can give you a slight idea of what to expect for the next quarter's release.
BIDU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
34.12B
-2.37%
1.69%
Gross Margin
47.21%
-5.88%
-7.67%
Operating Margin
11.48%
-25.60%
-34.99%
Net Margin
14.53%
71.55%
-37.37%
EPS
1.87
179.10%
-31.75%
No Data Available
BIDU Earnings Analysis
Baidu Inc Corporation (BIDU.O) Earnings Conference Call
Positive
Core Revenue Increase: Baidu's core total revenue for Q4 increased slightly year-over-year to RMB27.7 billion.
AI Cloud Revenue Growth: AI Cloud business revenue grew 26% year-over-year, driven by strong market recognition of AI capabilities.
Global Expansion of Apollo Go: Baidu's autonomous ride-hailing service, Apollo Go, has proven its business model and is expanding globally.
API Cost Surge: ERNIE's API costs grew 178% quarter-over-quarter, indicating strong external demand and adoption.
Subscription Revenue Growth: Baidu Wenku's subscription revenue grew 21% year-over-year, with significant user engagement in AI-enabled features.
AI-Generated Content Impact: Baidu's search results now include 22% AI-generated content, improving user engagement and retention rates.
Ride Growth and Safety: Apollo Go provided approximately 1.1 million rides in Q4, a 36% year-over-year growth, with a strong safety record.
AI Cloud Revenue Growth: Baidu's AI Cloud revenue reached RMB7.1 billion in Q4, with expanding non-GAAP operating margins.
Negative
Revenue Decline Analysis: Baidu's total revenues in Q4 decreased by 2% year-over-year, indicating a decline in overall financial performance.
Decline in Online Marketing Revenue: Baidu Core's online marketing revenue fell by 7% year-over-year in Q4, which is a significant concern as it constitutes 65% of total revenues.
iQIYI Revenue Decline: Revenue from iQIYI, Baidu's streaming service, decreased by 14% year-over-year in Q4, reflecting challenges in that segment.
Operating Income Decline: Operating income for Q4 dropped to RMB3.9 billion from RMB5.4 billion in the same period last year, highlighting a decline in profitability.
Operating Margin Decline: Baidu Core's operating margin decreased from 17% in Q4 of the previous year to 13% in the current quarter, indicating reduced efficiency.
Profitability Decline Factors: The increase in costs, particularly traffic acquisition costs and a one-time write-down of inventories, contributed to the overall decline in profitability.
Revenue Decline Concerns: Despite growth in non-online marketing revenue, the overall revenue decline raises concerns about the sustainability of Baidu's business model.
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BIDU Earning Call Sentiment
Baidu, Inc. (NASDAQ:BIDU) Q4 2024 Earnings Call Transcript
BIDU.O
-1.01%Positive
The earnings call presents a mixed outlook: AI Cloud and ERNIE show positive growth, but there are concerns about online marketing revenue decline and economic factors. The share repurchase program is a positive, but regulatory and supply chain challenges pose risks. The Q&A reveals optimism for AI Cloud, but unclear responses on monetization targets add uncertainty. Overall, the mixed signals and lack of market cap data suggest a neutral stock price movement in the short term.
