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Earnings transcript
Read the complete earnings call transcript.
BIDU
Baidu, Inc.
$110.96
-0.94
(-0.84%)
| Exchange: | NASDAQ |
| Market Cap: | 37.754B |
| Shares Outstanding: | 113.559M |
About The Company
| Sector: | Communication Services | |||||
| Industry: | Internet Content & Information | |||||
| CEO: | Yanhong Li | |||||
| Full Time Employees: | 35900 | |||||
| Address: |
| |||||
| Website: | https://ir.baidu.com |
Baidu, Inc. provides online marketing and cloud services through an internet platform in the People’s Republic of China. It operates in two segments, Baidu Core and iQIYI. The Baidu Core segment offers search-based, feed-based, and other online marketing services; cloud services; and products and other services from AI initiatives. This segment also operates Haokan, a user generated and professionally produced short videos platform. The iQIYI segment operates an online entertainment video platform that offers original, professionally produced, and partner-generated content. The company was incorporated in 2000 and is headquartered in Beijing, the People’s Republic of China.
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Revenue Segmentation
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 | 43,354,000 | 46,074,000 | 18,860,331 |
| Operating Income | 21,856,000 | 21,270,000 | -5,823,000 |
| 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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 154,787,953.173 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 182,759,376.144 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 164,579,948.896 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 39,773,781.882 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 46,961,222.851 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 42,289,899.539 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 30,833,744.989 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 38,217,348.231 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 33,418,534.687 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 28,382,934.324 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 33,511,957.900 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 30,178,458.884 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 97.430 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 111.420 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 89.890 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 14 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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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
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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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.84
Trading Metrics:
| Open: | 108.71 | Previous Close: | 111.9 | |
| Day Low: | 108.5 | Day High: | 111.94 | |
| Year Low: | 74.71 | Year High: | 165.3 | |
| Price Avg 50: | 131.06 | Price Avg 200: | 117.73 | |
| Volume: | 950005 | Average Volume: | 2.342M |
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Login — it's freeBIDU 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…
