BAIDU INC Announces Second Quarter of Fiscal Year 2023 Earnings Results on June 30 2023
August 27, 2023
🌥️Earnings Overview
On June 30 2023, BAIDU INC ($SGX:K3SD) revealed its earnings results for the second quarter of fiscal year 2023, indicating total revenue of CNY 34.1 billion, a 14.9% rise from the same quarter in the previous year. Furthermore, their net income was CNY 5.2 billion, a 43.1% increase compared to the same period in the prior year.
Market Price
The second quarter results showed a 5% year-on-year increase in revenue, mainly driven by higher advertising spending from its users in the China market. Overall, BAIDU INC reported strong financial performance for the second quarter of fiscal year 2023. The company is confident that its strategic plans and investments will continue to drive growth and profitability going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Baidu Inc. More…
| Total Revenues | Net Income | Net Margin |
| 130.82k | 15.84k | 12.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Baidu Inc. More…
| Operations | Investing | Financing |
| 33.06k | -23.07k | -9.9k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Baidu Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 406.32k | 152.87k | 674.04 |
Key Ratios Snapshot
Some of the financial key ratios for Baidu Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | 25.3% | 18.5% |
| FCF Margin | ROE | ROA |
| 18.9% | 6.5% | 3.7% |
Analysis
At GoodWhale, we have conducted an analysis of BAIDU INC‘s fundamentals. Based on our Risk Rating, we have determined that BAIDU INC is a medium risk investment on financial and business aspects. We have detected three risk warnings in the balance sheet, cashflow statement, and non-financial elements. If you are interested in viewing our detailed analysis, please become a registered user to access these findings. More…
Summary
Investors may be pleased to hear that BAIDU INC reported strong financial results for the second quarter of fiscal year 2023. Total revenue was CNY 34.1 billion, which represented an impressive 14.9% year-over-year increase. Additionally, net income was CNY 5.2 billion, an impressive 43.1% increase from the same period in the previous year. This indicates that the business is performing well, and investors may wish to consider adding BAIDU INC to their portfolios.
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