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Monday, Oct 29
2012, 4:56 PM
More on Baidu's Q3: Q4 guidance is for revenue of $979M-$1.01B, below a $1.03B consensus. That...
More on Baidu's Q3: Q4 guidance is for revenue of $979M-$1.01B, below a $1.03B consensus. That should heighten concerns about the impact of mobile activity and Qihoo's (QIHU) search engine, though some of this may be priced in. Online ad customers +11% Q/Q and +28% Y/Y to 390K. Revenue/customer +3% Q/Q and +17% Y/Y to $2,546. Traffic acquisition costs were 8.6% of revenue, up from Q2's 8.3%. R&D expenses grew faster than revenue, SG&A grew slower. CC at 8PM ET (webcast). (PR)