Baidu (BIDU) Earnings: 4Q Revenue Meets Estimates with Strong Profit Margins

Baidu‘s 4Q revenue met estimates, totalling 34.95 billion yuan against an estimated 35 billion yuan.
The revenue from Baidu Core was 27.49 billion yuan, slightly more than the estimated 27.31 billion yuan.
Revenue from iQIYI, Baidu‘s online video platform, was 7.7 billion yuan, a little less than the estimated 7.86 billion yuan.
The adjusted profit per American depositary receipts was 21.86 yuan, significantly more than the estimated 17.86 yuan.
Baidu‘s adjusted operating profit was 7.08 billion yuan, beating the estimated 6.71 billion yuan.
The adjusted Ebitda was 9.06 billion yuan, higher than the estimated 8.02 billion yuan.
The number of monthly active users was 667 million, surpassing the estimated 658.74 million users.
Baidu Core’s adjusted operating profit was 6.20 billion yuan, more than the estimated 5.98 billion yuan.