Baidu (BIDU) Q4 2021 Earnings Call Transcript
BIDU earnings call for the period ending December 31, 2021.
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BIDU earnings call for the period ending December 31, 2021.
The Chinese tech giant just posted a mixed third-quarter report.
Seagate and two other well-known tech stocks are too cheap to be ignored.
Baidu (NASDAQ:BIDU), the Chinese tech giant that owns the country's top search engine, recently posted first-quarter numbers that topped analysts' expectations. Its revenue rose 25% year over year to 28.1 billion yuan ($4.3 billion), beating estimates by 980 million yuan. Its adjusted net income increased 39% to 4.3 billion yuan ($656 million), or 12.38 yuan per ADS -- which beat expectations by 1.63 yuan. Its adjusted EBITDA more than doubled to 5.9 billion yuan ($901 million). Baidu expects its revenue to rise 14%-25% year over year in the second quarter. That forecast doesn't include any p...
Alibaba (NYSE:BABA) was a better buy than Baidu (NASDAQ:BIDU). I claimed that the strength of Alibaba's core commerce business, the narrowing losses at its cloud division, and the upcoming initial public offering (IPO) of its fintech affiliate Ant Group made it the stronger overall company. Meanwhile, Baidu's ad revenue continued to decline, its streaming-video unit iQiyi lost its momentum, and its expansion into next-gen markets like artificial intelligence (AI) and driverless cars wasn't generating much revenue yet. But since I wrote that article, Alibaba's stock price has tumbled more th...