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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精彩评论

Barbarazhao
2021-08-14
Barbarazhao
Good news indeed
robot1234
2021-08-13
robot1234
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.
AxelOng
2021-08-13
AxelOng
Awesome
1f61a145
2021-08-13
1f61a145
great!
MengYang
2021-08-13
MengYang
Nice
RobinCHG
2021-08-13
RobinCHG
Great!!!

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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://laohu8.com/post/894676295","repostId":2158256229,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894642563,"gmtCreate":1628824661552,"gmtModify":1633689174157,"author":{"id":"4089463306606890","authorId":"4089463306606890","name":"AxelOng","avatar":"https://static.tigerbbs.com/8eaa7b50259b0329b74e09bc501ecd38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4089463306606890","authorIdStr":"4089463306606890"},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894642563","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894872873,"gmtCreate":1628819049392,"gmtModify":1633689228533,"author":{"id":"4087560624968220","authorId":"4087560624968220","name":"1f61a145","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087560624968220","authorIdStr":"4087560624968220"},"htmlText":"great!","listText":"great!","text":"great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894872873","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894142322,"gmtCreate":1628813649866,"gmtModify":1633689322866,"author":{"id":"3575113315907312","authorId":"3575113315907312","name":"MengYang","avatar":"https://static.tigerbbs.com/2dece979ff56347c710918e7aa49d224","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575113315907312","authorIdStr":"3575113315907312"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894142322","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894181040,"gmtCreate":1628811649380,"gmtModify":1633689361665,"author":{"id":"4088998460430790","authorId":"4088998460430790","name":"RobinCHG","avatar":"https://static.tigerbbs.com/bb86904b857cafab4b514a06909214c9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088998460430790","authorIdStr":"4088998460430790"},"htmlText":"Great!!!","listText":"Great!!!","text":"Great!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894181040","repostId":2158256229,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":184,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2158256229"}