Categories Analysis, Technology

BIDU Infographic: Highlights of Baidu’s Q2 2022 earnings

Baidu, Inc. (NASDAQ: BIDU) on Tuesday reported a modest increase in adjusted earnings for the second quarter of 2022, despite a decline in revenues. Both operating segments contracted during the quarter, mainly due to the resurgence of COVID cases in certain cities in China.

Baidu Q2 2022 earnings infographic

Revenues of the China-based technology company decreased 5% annually to RMB29.6 billion ($4.43 billion) in the June quarter. The Baidu app had 628 million monthly active users at the end of the quarter, which is up 8% year-over-year.

Second-quarter adjusted earnings moved up to RMB15.79 per ADS ($2.36 per ADS) from RMB15.41 per ADS in the corresponding period of fiscal 2021. On an unadjusted basis, net profit was RMB9.97 per ADS ($1.49 per ADS), compared to a loss of RMB1.70 per ADS last year.

Check this space to read management/analysts’ comments on Baidu’s Q2 2022 results

“Despite a challenging macro environment caused by Covid-19, Baidu Core generated RMB23.2 billion in revenues in the second quarter, while Baidu AI Cloud revenues maintained rapid growth momentum of 31% year over year and 10% quarter over quarter,” said Baidu’s CEO Robin Li.

Prior Performance

  • Baidu Q1 2022 earnings infographic
  • Baidu Q4 2021 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in

Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for

As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,

Dollar General (DG) faces challenges from inventory shrink in Q3

Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although

Add Comment
Viewing Highlight