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More on Baidu's Q1: Q2 guidance implies only 56%-60% Y/Y revenue growth, down from Q1's 75%...

More on Baidu's Q1: Q2 guidance implies only 56%-60% Y/Y revenue growth, down from Q1's 75% and Q4's 82.5% Traffic acquisition costs fell 10 bps Q/Q to 7.8%. Active ad customers rose 3.2% Q/Q and 17.2% Y/Y to 321K. Revenue per customer, while up 49.4% Y/Y, fell 7.6% Q/Q to $2,112. Though seasonality had an impact, this is a troubling stat given Q/Q growth was flat in Q1 '11. R&D expenses rose 85.2% Y/Y, SG&A expenses 43.9%. BIDU -7.4% AH. (PR)
Comments (8)
  • ouch - last night cramer told his audience this was the only chinese stock to own
    24 Apr 2012, 04:22 PM Reply Like
  • Only 56-60% y/y revenue growth? Only? - how many companies grow that fast actually?
    24 Apr 2012, 04:23 PM Reply Like
  • Everyone who listens to Cramer deserves to get smoked.
    24 Apr 2012, 04:29 PM Reply Like
  • What a nonsense comment.......
    24 Apr 2012, 04:40 PM Reply Like
  • I am disappointed by the reaction to reasonably good BIDU numbers. From a macro point of view I like and own BIDU. Growth rates in the 50%+ range are still a huge multiple of the Chinese GDP growth rate but with a 45 PE the market wants to see perfection. Good stock just got cheaper. If the Chinese are serious about consumerism BIDU should be in a sweet spot.
    24 Apr 2012, 04:55 PM Reply Like
  • Will recover in Q3.
    24 Apr 2012, 11:09 PM Reply Like
  • time to stock up at these prices
    25 Apr 2012, 10:15 AM Reply Like
  • I did buy some BIDU options tuesday and wed. Also think the negative sentiment around the Chinese censorship on recent politico scandal a bit overdone. Where is all the traffic going to go when the Chinese buy all the apple equipement? CHL (already own) and BIDU.
    26 Apr 2012, 10:21 AM Reply Like
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