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Baidu (ticker: BIDU) reported Q4 2005 earnings results earlier today. Key stats:

Q4 2005 Results:

  • Total revenue rose 167.7% y-o-y to $14.2 million, and rose 29.2% sequentially. Consensus estimate was $12.98 million.
  • Online marketing revenue rose 179.3% y-o-y to $13.8 million, and rose 30.1% sequentially.
  • Traffic acquisition cost as a component of cost of revenues was $1.1 million, representing 7.8% of total revenue, compared to 7.0% in Q4 2004.
  • Operating profit rose 137.1% y-o-y to $1.8 million, and rose 105.6% sequentially.
  • Operating profit excluding share-based compensation expenses rose 124.6% y-o-y to $3.1 million, and rose 39.2% sequentially.
  • Net income rose 285.6% y-o-y to $3.0 million, and rose 188.7% sequentially.
  • Net income excluding share-based compensation expenses rose 208.3% y-o-y to $4.3 million, and rose 81.3% sequentially.
  • Basic and diluted EPS were $0.09, above consensus estimate of $0.08.
  • Basic and diluted EPS excluding share-based compensation expenses of $0.13.
  • Misc:

  • Active online marketing customers during Q4 rose to over 63,000, an 18.6% sequential increase.
  • Q1 2006 Guidance:

  • Total revenue of $15.5 - $16.1 million, above consensus estimate of $13.71 million.
  • BIDU Price Performance:

    Source: Baidu Beats Rev and EPS Estimates; Guides Above Consensus; Stock Up 13% in After-Hours Trading (BIDU)