Categories AlphaGraphs, Earnings, Technology

Baidu stock rises after beating Q4 earnings and revenue estimates

Chinese internet search engine Baidu (BIDU) reported better-than-expected Q4 earnings and revenue figures. Baidu had earned $1.92 per share on revenue of $3.96 billion. Analysts had expected the company to report earnings of $1.79 per share on revenue of $3.88 billion. The stock was up about 3% during the extended trading hours.

Revenue rose 22% year-over-year and GAAP earnings attributable to Baidu per ADS declined 52% to $0.86.

An infographic on Baidu's fourth quarter 2018 earnings results
Baidu Q4 2018 Earnings Infographic

For Q1 2019, Baidu expects revenues to be between RMB 23.5 billion ($3.42 billion) and RMB 24.7 billion ($3.60 billion), representing year-over-year growth of 12% to 18%, or 18% to 24% excluding revenues from announced divestitures.

“We are excited to enter the new year on strong footing with Baidu 2018 revenues reaching RMB 102 billion, up 28% annually. The growth rate of Baidu App DAUs has been accelerating over the past year, up 24% year over year to 161 million in December 2018, while Haokan short video app grew to 19 million DAUs from 1 million a year ago,” stated Robin Li, CEO of Baidu.

The company stated that diversifying Baidu’s business from mobile internet into the smart home, smart transportation, cloud and autonomous driving markets will require heavy investments and it hopes these investments to bear fruit and accelerate Baidu’s revenue growth in the future.

Baidu App daily active users (DAUs) reached 161 million in December 2018, increasing 24% year-over-year. Baidu Smart Mini Program monthly active users (MAUs) reached 147 million in December 2018, up 30% sequentially.

Baidu’s subsidiary iQIYI added 36.6 million subscribers in 2018 to reach 87.4 million at year end, further solidifying their leadership in original entertainment blockbuster content.

Baidu stock, which hit a yearly low ($153.78) on January 3, 2019, edged up 0.37% to $171.81 when the markets closed on Thursday.

Baidu’s subsidiary iQiyi also reported its Q4 earnings results after the bell today. iQiyi stock fell 1% during after-hours as it missed the earnings estimates while topping revenue projections.

 

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

 

Most Popular

Important takeaways from Conagra Brands’ Q4 2025 report

Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported weaker-than-expected sales and adjusted earnings for its fourth quarter, reflecting ongoing economic uncertainty and muted consumer spending.

Delta Air Lines (DAL) gains on strong Q2 2025 performance

Shares of Delta Air Lines (NYSE: DAL) rose 12% on Thursday after the company delivered strong results for the second quarter of 2025 and restored its guidance for the full

CAG Earnings: Conagra Brands Q4 adj. profit drops, misses estimates

Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported lower sales and adjusted earnings for the fourth quarter of 2025. Results missed analysts' estimates. Net sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top