BAIDU’S Q4 2024 Earnings drop today Review Q3

BAIDU’S Q3 2024 PERFORMANCE—AI GROWTH VS. AD WOES
(1/9)
Good morning, Tradingview Fam! Baidu’s latest financials are 📈🔍. Q3 2024 revenue hit ¥33.6B (4.7B USD), but the story’s in the details: AI’s soaring, ads are slipping. Let’s dive into BIDU’s numbers and outlook! 🚀

(2/9) – REVENUE & EARNINGS SNAPSHOT

• Total Revenue: ¥33.6B (4.7B USD)
• Baidu Core: ¥26.5B (3.7B USD), +4% YoY 💥
• Cloud Revenue: Strong growth (exact figures vary) ☁️
• Q3 EPS: ¥19.2 ($2.67 USD), missed ¥19.62 est.
• Non-GAAP Net Income: ¥7.6B (~1.06B USD)
Next up: Feb 18 earnings, est. $1.78 EPS, 4.56B revenue (-7.4% YoY).

(3/9) – BIG MOVES IN AI & AUTONOMOUS TECH

• Baidu World 2024: Unveiled iRAG & Miaoda AI tools 🤖
• ERNIE API: 1.5B daily calls, up 30x YoY 📈
• Lidar Deal: $200-300M with Hesai for Yichi 06 robotaxis 🚗
AI and autonomy are stealing the show—growth engines revving up!

(4/9) – SECTOR SHOWDOWN

• Market Cap: 31.36B (Feb 2025) 🌍
• Trailing P/E: 10.56x, Forward P/E: 10.5x—cheap vs. Alphabet or Tencent 📊
• Lags GOOG in search/ad scale but leads Chinese peers (JD, PDD) in AI diversification
At 3x EV/EBITDA, is BIDU undervalued? X posts think so!

(5/9) – RISKS ON THE RADAR

• Ad revenue: Squeezed by Tencent, ByteDance competition 📉
• AI costs: Big R&D spend, profits TBD 🤔
• China regs: Unpredictable hurdles loom 🏛️
• Economy: Slowdown could hit ad & cloud growth
• U.S.-China tension: Weighs on sentiment ⚠️

(6/9) – SWOT: STRENGTHS

• King of China’s search market, mobile ecosystem thriving 🔍
• ERNIE Bot: 430M users, 770k enterprise apps 🌟
• Apollo Go: Leading autonomous driving, 162.6B robotaxi market by 2025 🚦
Baidu’s got serious firepower!

(7/9) – SWOT: WEAKNESSES & OPPORTUNITIES

• Weaknesses: Ad margins shrinking, AI not yet cashing in 💸
• Opportunities: AI cloud expansion, robotaxi scale-up, China stimulus upside 🌍
Can Baidu turn its tech bets into gold? Time will tell!

(8/9) – What’s BIDU’s 2025 vibe?

1️⃣ Bullish—AI and autonomy will drive a breakout.
2️⃣ Neutral—Growth potential, but risks balance it out.
3️⃣ Bearish—Ads and regs will drag it down.

Vote below! 🗳️👇

(9/9) – FINAL TAKEAWAY

Baidu’s Q3 shows a tale of two trends: AI and autonomy surging, ads under pressure 🌍. With a low valuation and big tech bets, BIDU’s at a crossroads. Will innovation outpace the risks? Earnings drop today—stay tuned for the next chapter! 💪