$9888 (-3,2 %) - 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
