NASDAQ$BIDU
Baidu, Inc.-ADR · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Baidu reported Q2 2024 results with total revenue of RMB 33.9 billion, up modestly driven by AI Cloud growth.
Baidu, Inc. announced unaudited financial results for the second quarter ended June 30, 2024. Total revenues reached RMB 33.9 billion, essentially flat year-over-year, with Baidu Core revenue at RMB 26.7 billion (up 1% YoY) supported by AI Cloud. Operating income was RMB 5.9 billion (up 14% YoY), and net income attributable to Baidu was RMB 5.5 billion with diluted EPS of RMB 15.01.
- Total revenue RMB 33.9 billion (flat YoY); Baidu Core revenue RMB 26.7 billion (+1% YoY) led by AI Cloud (+10% non-marketing).
- Operating income RMB 5.9 billion (+14% YoY); Baidu Core operating margin 21%.
- Net income to Baidu RMB 5.5 billion (+5% YoY); diluted EPS RMB 15.01 (+6% YoY).
- Baidu App MAUs reached 703 million (+4% YoY); Apollo Go rides up 26% YoY.
Headline financials
Revenue & EPS history
Baidu · Revenue · Quarterly
¥4.75B
Revenue by segment
Baidu · ¥34.1B total across 2 segments · Q2 2024
- Baidu Core¥26.7B—78.3%
- iQIYI¥7.4B—21.7%
Forward guidance
AI Cloud expected to maintain strong growth momentum; continued focus on AI-native product transformation and operational optimization.
Tailwinds
- AI Cloud accelerating with strong expected momentum.
- Healthy margins maintained amid transformation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.2%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+0.8%
Avg return
30 days after
48%
21 / 44 earnings
Positive
+16.6%
Q1 2022
Best reaction
-18.5%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q4 2026 | -4.5% | +4.3% | +11.7% | |
| Q3 2024 | -7.4% | -3.7% | -1.1% | |
| Q1 2024 | -0.2% | -5.1% | -16.9% | |
| Q4 2023 | -9.8% | -10.4% | -6.3% | |
| Q3 2023 | +7.9% | +10.9% | +5.7% | |
| Q2 2023 | +6.1% | +7.1% | +2.5% | |
| Q1 2023 | +2.3% | -2.6% | +16.5% | |
| Q4 2022 | -2.0% | -1.0% | +11.0% | |
| Q3 2022 | +2.6% | -1.3% | +19.2% | |
| Q2 2022 | -2.3% | -4.9% | -20.1% | |
| Q1 2022 | +16.6% | +17.6% | +26.8% | |
| Q4 2021 | +5.3% | -3.4% | -13.2% | |
| Q3 2021 | -9.9% | -13.7% | -17.0% | |
| Q2 2021 | -7.6% | -13.7% | -0.5% | |
| Q1 2021 | -0.0% | +0.2% | -1.9% | |
| Q4 2020 | -8.6% | +2.9% | -21.1% | |
| Q3 2020 | -0.8% | -6.2% | +31.2% | |
| Q2 2020 | -7.4% | -1.5% | -4.4% | |
| Q1 2020 | +9.9% | +3.5% | +22.2% | |
| Q4 2019 | -2.9% | -4.5% | -21.0% | |
| Q3 2019 | +12.8% | +11.9% | +7.2% | |
| Q2 2019 | +12.4% | +5.3% | +12.1% | |
| Q1 2019 | -15.9% | -21.0% | -25.8% | |
| Q4 2018 | -2.3% | -5.4% | -2.6% | |
| Q3 2018 | +4.6% | +7.1% | +0.8% | |
| Q2 2018 | -9.3% | -6.3% | -10.8% | |
| Q1 2018 | +8.9% | +9.0% | +5.4% | |
| Q4 2017 | +6.4% | +10.4% | +18.5% | |
| Q3 2017 | -9.0% | -7.3% | -5.2% | |
| Q2 2017 | +9.4% | +12.1% | +12.1% | |
| Q1 2017 | -3.4% | -4.3% | +2.0% | |
| Q4 2016 | -5.8% | -6.4% | -9.5% | |
| Q3 2016 | +3.9% | +0.4% | -4.8% | |
| Q2 2016 | -3.6% | -2.9% | +4.8% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | +6.8% | — | — | |
| Q3 2015 | +8.7% | — | — | |
| Q2 2015 | -18.5% | — | — | |
| Q1 2015 | -8.6% | — | — | |
| Q4 2014 | -6.6% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q4 2008 | +1.9% | — | — | |
| Q4 2007 | +1.9% | — | — | |
| Q3 2009 | — | — | — | |
| Q2 2009 | — | — | — | |
| Q1 2009 | — | — | — |
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