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Baidu | 6-K: Baidu Announces First Quarter 2024 Results

Baidu | 6-K: Baidu Announces First Quarter 2024 Results

百度 | 6-K：百度公布2024年第一季度业绩
美股SEC公告 ·  05/16 16:10
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Baidu, Inc. (NASDAQ: BIDU), a leading AI company, announced its unaudited financial results for the first quarter ended March 31, 2024. The company reported a slight year-over-year increase in total revenues to RMB 31.5 billion ($4.37 billion), with Baidu Core revenues growing by 4% to RMB 23.8 billion ($3.30 billion). The growth was primarily driven by the AI Cloud business, which saw a 6% increase in non-online marketing revenue. Baidu's operating income rose by 10% to RMB 5.5 billion ($760 million), and net income attributable to Baidu was RMB 5.4 billion ($755 million), a 6% decrease year-over-year. However, non-GAAP net income saw a 22% increase to RMB 7.0 billion ($971 million). The company's adjusted EBITDA remained stable at 26% margin, while Baidu Core's non-GAAP operating margin expanded to 23.5%. Baidu also highlighted its AI Cloud advancements and the growth of its autonomous ride-hailing service, Apollo Go, which provided 826K rides in Q1 2024. The company's ESG report was released, detailing sustainability initiatives, and Baidu returned US$229 million to shareholders under the 2023 share repurchase program. The earnings call was scheduled for May 16, 2024.
Baidu, Inc. (NASDAQ: BIDU), a leading AI company, announced its unaudited financial results for the first quarter ended March 31, 2024. The company reported a slight year-over-year increase in total revenues to RMB 31.5 billion ($4.37 billion), with Baidu Core revenues growing by 4% to RMB 23.8 billion ($3.30 billion). The growth was primarily driven by the AI Cloud business, which saw a 6% increase in non-online marketing revenue. Baidu's operating income rose by 10% to RMB 5.5 billion ($760 million), and net income attributable to Baidu was RMB 5.4 billion ($755 million), a 6% decrease year-over-year. However, non-GAAP net income saw a 22% increase to RMB 7.0 billion ($971 million). The company's adjusted EBITDA remained stable at 26% margin, while Baidu Core's non-GAAP operating margin expanded to 23.5%. Baidu also highlighted its AI Cloud advancements and the growth of its autonomous ride-hailing service, Apollo Go, which provided 826K rides in Q1 2024. The company's ESG report was released, detailing sustainability initiatives, and Baidu returned US$229 million to shareholders under the 2023 share repurchase program. The earnings call was scheduled for May 16, 2024.
领先的人工智能公司百度公司（纳斯达克股票代码：BIDU）公布了截至2024年3月31日的第一季度未经审计的财务业绩。该公司报告称，总收入同比略有增长至315亿元人民币（合43.7亿美元），百度核心收入增长4％，达到238亿元人民币（合33.0亿美元）。增长主要是由人工智能云业务推动的，该业务的非在线营销收入增长了6％。百度的营业收入增长了10％，达到55亿元人民币（7.6亿美元），归属于百度的净收入为人民币54亿元（7.55亿美元），同比下降6％。但是，非公认会计准则净收入增长了22％，达到70亿元人民币（9.71亿美元）。该公司调整后的息税折旧摊销前利润率稳定在26％，而百度核心的非公认会计...展开全部
领先的人工智能公司百度公司（纳斯达克股票代码：BIDU）公布了截至2024年3月31日的第一季度未经审计的财务业绩。该公司报告称，总收入同比略有增长至315亿元人民币（合43.7亿美元），百度核心收入增长4％，达到238亿元人民币（合33.0亿美元）。增长主要是由人工智能云业务推动的，该业务的非在线营销收入增长了6％。百度的营业收入增长了10％，达到55亿元人民币（7.6亿美元），归属于百度的净收入为人民币54亿元（7.55亿美元），同比下降6％。但是，非公认会计准则净收入增长了22％，达到70亿元人民币（9.71亿美元）。该公司调整后的息税折旧摊销前利润率稳定在26％，而百度核心的非公认会计准则营业利润率扩大至23.5％。百度还强调了其在人工智能云方面的进步及其自动叫车服务Apollo Go的增长，该服务在2024年第一季度提供了82.6万次乘车服务。百度发布了ESG报告，详细介绍了可持续发展举措，根据2023年股票回购计划，百度向股东返还了2.29亿美元。财报电话会议定于2024年5月16日举行。

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