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Earnings transcript
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BIDU
Baidu, Inc.
$77.2
-0.78
(-1%)
| Exchange: | NASDAQ |
| Market Cap: | 26.281B |
| Shares Outstanding: | 113.559M |
Delayed data
About The Company
| Sector: | Communication ServicesView sector performance | |||||
| Industry: | Internet Content & InformationView industry performance | |||||
| CEO: | Yanhong Li | |||||
| Full Time Employees: | 33500 | |||||
| Address: |
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| Website: | https://www.baidu.com |
Baidu, Inc. is a prominent Chinese technology company that offers various internet-based services, primarily focusing on digital marketing and cloud computing, all delivered through its extensive online platform within the People’s Republic of China. The company’s operations are segmented into two main divisions: Baidu Core and iQIYI. The Baidu Core segment encompasses a wide array of services, including online marketing derived from search queries and user feeds, comprehensive cloud solutions, and innovative products and services developed from its artificial intelligence initiatives. This segment also operates Haokan, a popular short-video platform featuring both user-generated and professionally produced content. Conversely, the iQIYI segment is dedicated to its online entertainment video platform, which provides a diverse selection of media content, including original productions, professionally created shows, and material acquired from partners. Baidu was founded in the year 2000 and maintains its corporate headquarters in Beijing, China.
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Revenue Segmentation
BIDU full analysis
Welcome to MARKETSNAP’s SWOT analysis for Baidu, the Chinese tech giant often dubbed the "Google of China." I’m thrilled to dive into this one with you today because Baidu is a fascinating player in the tech space, and there’s a lot to unpack about where they stand and where they’re headed. If you’re a long-term investor looking to build wealth, stick with me as we break down the strengths, weaknesses, opportunities, and threats for Baidu, with some juicy insights from…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 134,598,000 | 133,125,000 | 129,079,000 |
| Gross Profit | 69,567,000 | 67,023,000 | 56,643,000 |
| EBITDA | 49,903,000 | 51,967,000 | 30,851,000 |
| Operating Income | 21,856,000 | 21,270,000 | 10,367,000 |
| Net Income | 20,315,000 | 23,760,000 | 5,589,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 406,759,000 | 427,780,000 | 449,157,000 |
| Total Liabilities | 144,151,000 | 144,168,000 | 159,431,000 |
| Total Stockholders Equity | 243,626,000 | 263,620,000 | 266,330,000 |
| Total Debt | 84,595,000 | 79,324,000 | 97,077,000 |
| Cash and Cash Equivalents | 25,231,000 | 24,832,000 | 24,606,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 36,615,000 | 21,234,000 | -3,013,000 |
| Capital Expenditure | -11,295,000 | -8,259,000 | 0 |
| Free Cash Flow | 25,320,000 | 13,100,000 | -3,013,000 |
| Net Income | 21,549,000 | 24,175,000 | 5,589,000 |
| Net Change in Cash | -27,662,000 | -985,000 | -11,758,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 146,175,974.467 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 171,902,665.350 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 154,878,261.015 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 46,324,215.333 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 52,769,035.322 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 48,504,234.123 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 23,044,242.407 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 28,412,583.442 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 24,860,132.432 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 26,803,785.424 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 31,521,200.202 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 28,399,493.762 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 72.480 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 82.840 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 67.180 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 14 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 9 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Base and Core Business Performance: Baidu reported core total revenue of RMB 26.5 billion in Q3 2024, reflecting stability in its primary operations despite market challenges, as highlighted in the latest earnings call transcript. This demonstrates resilience in its search and advertising business.
- Strong Focus on AI Innovation: The earnings call emphasized significant investments in AI, particularly in generative AI and foundation models like ERNIE, positioning Baidu as a leader in tech innovation within the industry. This focus aligns with long-term growth trends in the technology sector.
- Healthy Cash Flow Generation: Historical financial data from cash flow statements indicate consistent net cash provided by operating activities, supporting Baidu’s ability to fund R&D and capital expenditures without excessive reliance on external financing.
- Market Position in China: As per the company profile, Baidu maintains a dominant position in the Chinese internet services market, benefiting from a large user base and localized expertise in a high-growth region, as supported by revenue geo segments data.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates BIDU intrinsic value between $110.68 – $130.18 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BIDU valuation
Is Baidu, Inc. (BIDU) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Baidu, Inc. (BIDU) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BIDU a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BIDU trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BIDU’s P/E ratio?
You can see BIDU’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BIDU?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BIDU a good long-term investment?
Whether BIDU fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BIDU
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Daily snapshot
-1
Trading Metrics:
| Open: | 77.51 | Previous Close: | 77.98 | |
| Day Low: | 77.09 | Day High: | 78.09 | |
| Year Low: | 76.73 | Year High: | 165.3 | |
| Price Avg 50: | 89.8 | Price Avg 200: | 116.53 | |
| Volume: | 1.776M | Average Volume: | 2.523M |
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