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Baidu Inc (BIDU.OQ)

BIDU.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Baidu Q1 Revenue Rose 15 Percent To RMB 24.1 Billion
Friday, 17 May 2019 

May 16 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 REVENUE ROSE 15 PERCENT TO RMB 24.1 BILLION.HAILONG XIANG, SENIOR VICE PRESIDENT OF SEARCH BUSINESS, HAS TENDERED HIS RESIGNATION.PROMOTED DOU SHEN TO SENIOR VICE PRESIDENT, OVERSEEING BAIDU'S MOBILE BUSINESS, PREVIOUSLY KNOWN AS SEARCH BUSINESS.IQIYI SUBSCRIBERS REACHED 96.8 MILLION IN MARCH 2019, ADDING 9.4 MILLION MEMBERS DURING QUARTER.IN QUARTER TRAFFIC ACQUISITION COST WAS RMB 3.2 BILLION , INCREASING 41% YEAR OVER YEAR.QTRLY NON-GAAP DILUTED EARNINGS PER ADS RMB 2.77.IN QUARTER BANDWIDTH COSTS WERE RMB 2.0 BILLION , INCREASING 39% YEAR OVER YEAR.FOR Q2 OF 2019, BAIDU EXPECTS REVENUES TO BE BETWEEN RMB 25.1 BILLION AND RMB 26.6 BILLION.QTRLY DILUTED LOSS PER ADS RMB 0.98.Q2 REVENUE VIEW CNY 29.30 BILLION -- REFINITIV IBES DATA.QTRLY ONLINE MARKETING REVENUES WERE RMB17.7 BILLION ($2.63 BILLION), INCREASING 3% YEAR OVER YEAR.BAIDU APP DAILY ACTIVE USERS IN MARCH 2019 REACHED 174 MILLION, GROWING 28% YEAR OVER YEAR..HAOKAN DAUS IN MARCH 2019 REACHED 22 MILLION, GROWING 768% YEAR OVER YEAR AND 16% SEQUENTIALLY..BAIDU - DESPITE GOVERNMENT POLICIES TO IMPROVE THE MARKET CONDITION FOR SMES, ANTICIPATE ONLINE MARKETING IN THE NEAR TERM TO FACE A CHALLENGING ENVIRONMENT.Q1 EARNINGS PER SHARE VIEW CNY 2.89, REVENUE VIEW CNY 24.16 BILLION -- REFINITIV IBES DATA.  Full Article

Baidu Announces Us$1 Billion Share Repurchase Program
Friday, 17 May 2019 

May 16 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES US$1 BILLION SHARE REPURCHASE PROGRAM.BAIDU INC - MAY REPURCHASE UP TO US$1 BILLION OF ITS SHARES, EFFECTIVE UNTIL JULY 1, 2020.BAIDU INC - PLANS TO FUND REPURCHASES FROM ITS EXISTING CASH BALANCE..  Full Article

Moody's Says Alibaba's, Tencent's And Baidu's Retained Cash Flow Is Better Indicator Of Credit Quality Than Profit Margin
Thursday, 4 Apr 2019 

April 3 (Reuters) - Moody's::MOODY'S: ALIBABA'S, TENCENT'S AND BAIDU'S RETAINED CASH FLOW IS BETTER INDICATOR OF CREDIT QUALITY THAN PROFIT MARGIN.  Full Article

Baidu Inc Says Estimated Total Revenues For FY Ended Dec. 31, 2018 Exceeded RMB100 Bln
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Baidu Inc ::ESTIMATED TOTAL REVENUES FOR FISCAL YEAR ENDED DECEMBER 31, 2018 EXCEEDED RMB100 BILLION - SEC FILING.FY2018 REVENUE VIEW CNY 101.43 BILLION -- REFINITIV IBES DATA.  Full Article

Baidu announces proposed debt offering
Tuesday, 4 Dec 2018 

Dec 3 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES PROPOSED DEBT OFFERING.BAIDU INC - COMPANY PROPOSES TO SELL SENIOR NOTES BY A REOPENING OF COMPANY'S EXISTING 4.375% NOTES DUE 2024.BAIDU INC - COMPANY INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY EXISTING INDEBTEDNESS AND FOR GENERAL CORPORATE PURPOSES.  Full Article

Baidu Announces Proposed Debt Offering
Thursday, 8 Nov 2018 

Baidu Inc ::BAIDU ANNOUNCES PROPOSED DEBT OFFERING.BAIDU - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY EXISTING INDEBTEDNESS.  Full Article

Iqiyi Joins Forces With Baidu And Bgctv To Launch Gehua Little Fruit Set Top Box
Friday, 28 Sep 2018 

Sept 28 (Reuters) - IQIYI Inc ::IQIYI JOINS FORCES WITH BAIDU AND BGCTV TO LAUNCH GEHUA LITTLE FRUIT SET TOP BOX.IQIYI INC - LAUNCH OF GEHUA LITTLE FRUIT SET TOP BOX, DEVELOPED IN PARTNERSHIP WITH BAIDU AND BEIJING GEHUA CATV NETWORK CO.  Full Article

Baidu Reports Q2 Earnings per ADS RMB 18 ($2.74)
Wednesday, 1 Aug 2018 

July 31 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 REVENUE ROSE 32 PERCENT TO RMB 26 BILLION.QTRLY DILUTED EARNINGS ATTRIBUTABLE TO BAIDU PER ADS WAS RMB 18 ($2.74).QTRLY NON-GAAP DILUTED EARNINGS PER ADS WAS RMB 21 ($3.18).FOR Q3 OF 2018, BAIDU EXPECTS REVENUES TO BE BETWEEN RMB 27.37 BILLION AND RMB 28.77 BILLION.QTRLY ONLINE MARKETING REVENUES WERE RMB 21.1 BILLION ($3.18 BILLION), REPRESENTING A 25% INCREASE YEAR OVER YEAR.QTRLY TRAFFIC ACQUISITION COST WAS RMB 2.7 BILLION ($408 MILLION), REPRESENTING A 9% INCREASE YEAR OVER YEAR.BAIDU - EXCLUDING IMPACT FROM ANNOUNCED DIVESTURES, INCLUDING GLOBAL DU & DU XIAOMAN, BAIDU EXPECTS Q3 REVENUES TO BE BETWEEN RMB 26.56 BILLION AND RMB 27.92 BILLION.Q3 REVENUE VIEW CNY 27.92 BILLION -- THOMSON REUTERS I/B/E/S.Q2 REVENUE VIEW CNY 25.56 BILLION -- THOMSON REUTERS I/B/E/S."CONTINUE TO INCREASE OUR INVESTMENTS IN AI-POWERED BUSINESSES WITH STRONG SYNERGIES AND DIVEST FROM NON-CORE BUSINESSES".  Full Article

Analog Devices Collaborates With Baidu On Project Apollo To Advance Autonomous Driving
Wednesday, 11 Jul 2018 

July 10 (Reuters) - Analog Devices Inc ::ANALOG DEVICES COLLABORATES WITH BAIDU ON PROJECT APOLLO TO ADVANCE AUTONOMOUS DRIVING.ANALOG DEVICES INC - SIGNED A COLLABORATION MOU WITH BAIDU TO JOINTLY ADVANCE AUTONOMOUS DRIVING.  Full Article

Baidu Says Begun Volume Production Of Apolong, China's First L4 Fully Autonomous Bus
Wednesday, 4 Jul 2018 

July 3 (Reuters) - Baidu Inc ::BAIDU REACHES NEW MILESTONE IN AUTONOMOUS DRIVING WITH VOLUME PRODUCTION OF CHINA’S FIRST COMMERCIALLY DEPLOYED FULLY AUTONOMOUS BUS.BEGUN VOLUME PRODUCTION OF APOLONG, CHINA'S FIRST L4 FULLY AUTONOMOUS BUS.TEAMED UP WITH KING LONG AND SB DRIVE TO BRING APOLONG AUTONOMOUS MINI BUSES TO JAPAN IN EARLY 2019.  Full Article

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China tech giant Baidu partners with Geely, Toyota

BEIJING China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars.