After finally disposing of $9888 (+2,17 %) with a 30% loss, I invested the money in a more promising share. Sometimes you have to admit your mistakes and look for new opportunities. 🚀 Have a nice sunny day!
BaiduKYG07034104898889888
$9888 (+2,17 %) - Baidu Q2 Earnings Highlights:
- Diluted EPS (Non-GAAP): ¥21.02 (Est. ¥18.54)
- Revenue: ¥33.9B (Est. ¥34.1B) , Flat YoY
- Baidu App MAUs: Reached 703M, UP +4% YoY.
Segment Revenue:
- Baidu Core: ¥26.7B; UP +1% YoY
- Non-Online Marketing: ¥7.5B; UP +10% YoY (driven by AI Cloud business)
- iQIYI: ¥7.4B; DOWN -5% YoY
- Online Marketing: ¥19.2B; DOWN -2% YoY
- Non-Online Marketing: ¥7.5B; UP +10% YoY
Operating Metrics:
- Operating Income: ¥5.9B; UP +14% YoY
- Baidu Core Operating Income: ¥5.6B; UP +23% YoY
- Adjusted EBITDA: ¥9.1B; Flat YoY
- Adjusted EBITDA Margin: 27%
- Adjusted EBITDA (Baidu Core): ¥8.6B; UP +5% YoY
- Adjusted EBITDA Margin (Baidu Core): 32%
Cash and Financial Position:
- Net Income (Non-GAAP): ¥7.4B
- Net Income (Baidu Core Non-GAAP): ¥7.3B
- Free Cash Flow: ¥6.3B
- Free Cash Flow Excluding iQIYI: ¥5.9B
- Cash, Cash Equivalents, and Short-Term Investments: ¥162.0B
Baidu ($9888 (+2,17 %) ) is considering a collaboration with Tesla ($TSLA (+6,49 %) ) in the field of robotaxis in China. This cooperation would be part of the Apollo Go initiative initiative of Baidu. Apollo Go is expected to become profitable next year as Baidu intensifies its efforts to reduce costs and increase orders. In the last quarter 2023, about 839k rides with the Apollo Go service were carried out, with around 45% of the orders in Wuhan were completely driverless.
Baidu plans to launch its 6th generation of robotaxis at a price of about 200k yuan which is less than half the price of its predecessor. Baidu expects that Apollo Go in Q4 2024 the break-even point and by 2025 becomes profitable.
$9888 in your portfolio? The share has only one way to go - down. Apollo Go is only a small part of the offering, which is why there seems to be little interest in the company from an investment fund perspective. In terms of turnover, it is also more of a "small" company in the tech sector.
According to a report in the South China Morning Post Baidu's
$9888 (+2,17 %) Ernie AI bot on its iPhone 16 for the Chinese market.
I'll try a warrant on Baidu with a factor of 2x
China 🇨🇳 is one of the most important economies in the world. That is why I would like to be invested there with at least a small amount, despite the known political risks. I have been invested for some time $9888 (+2,17 %) invested - however, the share price has not yet been able to benefit from the AI boom, the share price is moving sideways at best and there are no dividends either. $855 (+2,85 %) or in $1211 (+0,93 %) or in
People here is loosing hope, they are only used to have double digit grow for the last decades and I think they are not ready mentally to adapt to something which is is not full gas grow.
I'm obviously somehoe investing in China since i work and have family here, but I will never put extra money in their stock; instead I'm followign the trend of the people here, try to take money out as soon as have the chance.