Baidu revenue tops estimates on ad sales rebound

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Baidu revenue tops estimates on ad sales rebound

Reuters2021-08-12

(Reuters) -China's Baidu Inc reported quarterly revenue above Wall Street estimates on Thursday, buoyed by a rebound in advertising sales and higher demand for its artificial intelligence and cloud products.

Baidu also said Chief Financial Officer (CFO) Herman Yu has been appointed as the company's chief strategy officer and will continue to serve as CFO until a successor is appointed.

Demand for the company's rapidly growing autonomous driving service and artificial intelligence-powered cloud products has helped diversify its revenue sources and offset competition from giants like Alibaba and ByteDance in its core search platform.

The company, also known as China's Google, said total revenue rose to 31.35 billion yuan ($4.84 billion) from 26.03 billion yuan in the second quarter ended June 30, topping analysts' average estimate of 30.96 billion yuan, according to IBES data from Refinitiv.

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Comment（28）

Barbarazhao
·2021-08-14
Good news indeed
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2
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robot1234
·2021-08-13
China BAT, the equivalent of US FAANG, are currently trading near 52-week low. The drastic fall of share prices from near 52-week high to near 52-week low within a short span of weeks was mostly due to regulatory crackdowns on monopolistic practices and violation of data management. Every crisis is a danger and an opportunity. Long term retail investors with strong conviction that BAT, which are China tech leaders, still have a bright future and prospect will likely continue to accumulate at much more attractive valuation and wait for the regulatory storm to be over to reap potential handsome rewards.
Reply
6
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AxelOng
·2021-08-13
Awesome
Reply
2
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alfman
·2021-08-13
great!
Reply
1
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MengYang
·2021-08-13
Nice
Reply
2
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RobinCHG
·2021-08-13
Great!!!
Reply
1
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Vanillin
·2021-08-13
Regulatory woes [Cry]
Reply
2
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DAbidin
·2021-08-12
Excellent result with super high profit, but share down. many other companies with Negative profits,decent result but share price up n up.Market is …… ?
Reply
1
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Fold Replies
- DAbidin:
  Gone case
  2021-11-19
  Reply
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- DAbidin:
  .
  2021-10-19
  Reply
  Report
- DAbidin:
  Worries towards chs stock
  2021-08-14
  Reply
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KYHBKO
·2021-08-12
Google of China .... stock to look out for
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4
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- GANCL:
  Yes
  2021-08-12
  Reply
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Abundance Thankful
·2021-08-12
Buying more on discount!!! :)
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5
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SohWeeHiong
·2021-08-12
Rebound pls
Reply
3
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- Yao84:
  Good results? Why still DOwn
  2021-08-12
  Reply
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lcy12345
·2021-08-12
Help like plss thanks
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5
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Adr86
·2021-08-12
Rebound pls
Reply
9
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Darianthum
·2021-08-12
Please like and comment ???
Reply
7
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- lcy12345:
  done
  2021-08-12
  Reply
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dzgunners95
·2021-08-12
Good
Reply
4
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- Abundance Thankful:
  [Cool]
  2021-08-12
  Reply
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LYC85
·2021-08-12
Chinese stock rebound time?
Reply
8
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- zhann:
  like pls
  2021-08-12
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- CokePepsi:
  Hope so
  2021-08-12
  Reply
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Darrencwj
·2021-08-12
Like pls
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8
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lowniu
·2021-08-12
Like please. Thx
Reply
6
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- Darrencwj:
  Ok
  2021-08-12
  Reply
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Shadowrider
·2021-08-12
Ok
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5
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ZOANMAN
·2021-08-12
Like n comment beg you
Reply
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- Juiceisnice:
  Like please
  2021-08-12
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- Teeger:
  ok
  2021-08-12
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The drastic fall of share prices&nbsp;from&nbsp;near&nbsp;52-week high to near 52-week low within a&nbsp;short span of weeks was mostly&nbsp;due to&nbsp;regulatory crackdowns on monopolistic practices and violation of data management. Every crisis is a danger and an opportunity. Long term retail investors with strong conviction that&nbsp; BAT, which are China tech leaders,&nbsp;still have a bright future and prospect will likely continue to&nbsp;accumulate at much more attractive valuation and wait for the regulatory&nbsp;storm to be over to reap potential handsome rewards.","listText":"China BAT, the equivalent of US FAANG, are currently&nbsp;trading near 52-week low. The drastic fall of share prices&nbsp;from&nbsp;near&nbsp;52-week high to near 52-week low within a&nbsp;short span of weeks was mostly&nbsp;due to&nbsp;regulatory crackdowns on monopolistic practices and violation of data management. Every crisis is a danger and an opportunity. Long term retail investors with strong conviction that&nbsp; BAT, which are China tech leaders,&nbsp;still have a bright future and prospect will likely continue to&nbsp;accumulate at much more attractive valuation and wait for the regulatory&nbsp;storm to be over to reap potential handsome rewards.","text":"China BAT, the equivalent of US FAANG, are currently trading near 52-week low. The drastic fall of share prices from near 52-week high to near 52-week low within a short span of weeks was mostly due to regulatory crackdowns on monopolistic practices and violation of data management. Every crisis is a danger and an opportunity. Long term retail investors with strong conviction that BAT, which are China tech leaders, still have a bright future and prospect will likely continue to accumulate at much more attractive valuation and wait for the regulatory storm to be over to reap potential handsome rewards.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894676295","repostId":2158256229,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894642563,"gmtCreate":1628824661552,"gmtModify":1676529866816,"author":{"id":"4089463306606890","authorId":"4089463306606890","name":"AxelOng","avatar":"https://static.tigerbbs.com/8eaa7b50259b0329b74e09bc501ecd38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4089463306606890","idStr":"4089463306606890"},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894642563","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894872873,"gmtCreate":1628819049392,"gmtModify":1676529864600,"author":{"id":"4087560624968220","authorId":"4087560624968220","name":"alfman","avatar":"https://static.tigerbbs.com/0bd24615e037302cdfca1851b03f3dac","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4087560624968220","idStr":"4087560624968220"},"htmlText":"great!","listText":"great!","text":"great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894872873","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894142322,"gmtCreate":1628813649866,"gmtModify":1676529861467,"author":{"id":"3575113315907312","authorId":"3575113315907312","name":"MengYang","avatar":"https://static.tigerbbs.com/2dece979ff56347c710918e7aa49d224","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575113315907312","idStr":"3575113315907312"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894142322","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894181040,"gmtCreate":1628811649380,"gmtModify":1676529860129,"author":{"id":"4088998460430790","authorId":"4088998460430790","name":"RobinCHG","avatar":"https://static.tigerbbs.com/bb86904b857cafab4b514a06909214c9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088998460430790","idStr":"4088998460430790"},"htmlText":"Great!!!","listText":"Great!!!","text":"Great!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894181040","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894393406,"gmtCreate":1628791999105,"gmtModify":1676529856821,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"htmlText":"Regulatory woes [Cry]&nbsp;","listText":"Regulatory woes [Cry]&nbsp;","text":"Regulatory woes [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894393406","repostId":2158256229,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894063871,"gmtCreate":1628778188093,"gmtModify":1676529852606,"author":{"id":"3581918859558075","authorId":"3581918859558075","name":"DAbidin","avatar":"https://static.tigerbbs.com/e8eb7d9b7a225cf10ad691ca3cc054dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581918859558075","idStr":"3581918859558075"},"htmlText":"Excellent result with super high profit, but share down.&nbsp;many other companies with&nbsp;Negative profits,decent result but share price up n up.Market is …… ?&nbsp;","listText":"Excellent result with super high profit, but share down.&nbsp;many other companies with&nbsp;Negative profits,decent result but share price up n up.Market is …… ?&nbsp;","text":"Excellent result with super high profit, but share down. many other companies with Negative profits,decent result but share price up n up.Market is …… ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/894063871","repostId":2158256229,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6646276,"gmtCreate":1637336823351,"gmtModify":1663237228529,"authorId":3581918859558075,"author":{"id":3581918859558075,"idStr":"3581918859558075","authorId":3581918859558075,"name":"DAbidin","avatar":"https://static.tigerbbs.com/e8eb7d9b7a225cf10ad691ca3cc054dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894063871,"type":1,"supId":0,"prevId":0,"content":"Gone case","text":"Gone case","html":"Gone case"},{"id":6255624,"gmtCreate":1634658687551,"gmtModify":1663235610545,"authorId":3581918859558075,"author":{"id":3581918859558075,"idStr":"3581918859558075","authorId":3581918859558075,"name":"DAbidin","avatar":"https://static.tigerbbs.com/e8eb7d9b7a225cf10ad691ca3cc054dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894063871,"type":1,"supId":0,"prevId":0,"content":".","text":".","html":"."},{"id":5522492,"gmtCreate":1628900489523,"gmtModify":1663232351527,"authorId":3581918859558075,"author":{"id":3581918859558075,"idStr":"3581918859558075","authorId":3581918859558075,"name":"DAbidin","avatar":"https://static.tigerbbs.com/e8eb7d9b7a225cf10ad691ca3cc054dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894063871,"type":1,"supId":0,"prevId":0,"content":"Worries towards chs stock","text":"Worries towards chs stock","html":"Worries towards chs stock"},{"id":5510765,"gmtCreate":1628811701349,"gmtModify":1663232300534,"authorId":3567916089112278,"author":{"id":3567916089112278,"idStr":"3567916089112278","authorId":3567916089112278,"name":"KLC","avatar":"https://static.tigerbbs.com/7b5f29591734279d9235e132e16aa719","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894063871,"type":1,"supId":0,"prevId":0,"content":"Do not why the price keep on down ?","text":"Do not why the price keep on down ?","html":"Do not why the price keep on down ?"}],"langContent":"EN"},{"id":894030594,"gmtCreate":1628776979019,"gmtModify":1676529851810,"author":{"id":"3574381076586256","authorId":"3574381076586256","name":"KYHBKO","avatar":"https://static.tigerbbs.com/c3bcbc7f9a10836dea92afc94bf39b5b","vip":2,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3574381076586256","idStr":"3574381076586256"},"htmlText":"Google of China .... stock to look out for","listText":"Google of China .... stock to look 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