Baidu, Inc. (BIDU) - NASDAQ
  • Apr. 26, 2013, 9:11 AM
    Premarket gainers: LOGM +19%. AVNR +16%. SYNA +17%. QLIK +12%. CRIS +9%. DHI +7%. THRX +7%. MUX +7%. JCP +7%. CSTR +6%.
    Losers: PKI -14%. SIMO -11%. BIDU -9%. KEG -8%. SDT -5%
    | Apr. 26, 2013, 9:11 AM
  • Apr. 25, 2013, 5:12 PM

    More on Baidu: Revenue/ad customer -6.5% Q/Q and +9% Y/Y to $2,335; that's on top of a 3.1% Q/Q drop in Q4, and (along with the rev. miss) likely to raise concerns about mobile and competition. Online customers totaled  410K, +28% Y/Y but only +1% Q/Q. Traffic acquisition costs up to 10.2% of revenue from 9.6% in Q4 and 7.8% in Q1 '12, blamed on higher ad network mix and hao123 toolbar promotions. SG&A spend +77%, R&D +83%; both well above rev. growth of 40%. Bandwidth costs 6.8% of revenue, up from 5.3% in Q4 and 5.2% in Q1 '12. Mobile search daily users above 100M, up 25%+ Q/Q. BIDU -6.7% AH. CC at 8PM ET (webcast). (PR)

    | Apr. 25, 2013, 5:12 PM
  • Apr. 25, 2013, 4:38 PM
    Baidu (BIDU): Q1 EPS of $1.00 misses by $0.03. Revenue of $961M misses by $0.08. Expects Q2 revenue of $1.19B-$1.22B vs. consensus of $1.2B. Shares -6.4% AH. (PR)
    | Apr. 25, 2013, 4:38 PM
  • Apr. 25, 2013, 6:59 AM

    Baidu's (BIDU) online video unit purchased streaming platform PPStream, according to Chinese media reports. The deal price is thought to be in the $350M to $400M range. By buying PPStream, the company could cut into the online video market share of Youku-Tudou.

    | Apr. 25, 2013, 6:59 AM | 1 Comment
  • Apr. 25, 2013, 12:10 AM

    Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN

    | Apr. 25, 2013, 12:10 AM
  • Apr. 24, 2013, 5:35 PM

    Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN

    | Apr. 24, 2013, 5:35 PM
  • Apr. 19, 2013, 5:49 PM

    8 months after Qihoo (QIHU) encroached on Baidu's (BIDU) turf by launching a search engine, Baidu is returning the favor by launching PC antivirus software meant to compete with Qihoo's 360 Safeguard and Anti-Virus apps, which are deployed on hundreds of millions of Chinese PCs. Just as Qihoo has attacked the authenticity of Baidu's search results, look for Baidu to exploit criticism of Qihoo's practices. A government agency recently denounced Qihoo for making uninstalls difficult and tricking users into thinking they're installing a Microsoft patch, among other things.

    | Apr. 19, 2013, 5:49 PM | 2 Comments
  • Apr. 15, 2013, 2:48 PM

    Baidu (BIDU -1.2%) has reportedly taken part in a $57M funding round for its Qunar Chinese online travel unit. Baidu bought a majority stake in Qunar for $306M in 2011. Since then, the business has taken off, with Qunar (according to Baidu, at least) having recently passed Ctrip (CTRP) as China's top airfare bookings site, though it has recently had to contend with a boycott from partners upset about pricing/policy changes. Qunar, believed to be plotting a much-delayed IPO, also competes with Alibaba and eLong (LONG); the latter is backed by Tencent.

    | Apr. 15, 2013, 2:48 PM | 1 Comment
  • Apr. 10, 2013, 12:14 PM
    Baidu (BIDU +5.2%) is among the standouts in today's tech rally. An upgrade to Buy from Hong Kong-based 86Research could be helping. Shares remain down 11% YTD and 38% over the last 12 months, as concerns about mobile monetization and competition from Qihoo/Sohu continue to weigh.
    | Apr. 10, 2013, 12:14 PM
  • Apr. 3, 2013, 10:10 AM

    Baidu (BIDU) confirms a Chinese media report about the existence of Baidu Eye, a project to develop Google Glass-like headgear. A company spokesman states the hardware will feature a small LCD, enable image/voice searches, and (though privacy advocates won't be pleased) support facial recognition matches. However, he adds Baidu hasn't "decided whether [Eye] is going to be released in any commercial form."

    | Apr. 3, 2013, 10:10 AM
  • Apr. 2, 2013, 1:39 PM

    Baidu's (BIDU +1.8%) Chinese search share stood at 70.5% as of March 20, down from 71.5% at the end of 2012, estimates T.H. Capital. Qihoo (QIHU -1.4%), by contrast, is believed to have grown its share to 13.5% from 10.4% over this time. Nonetheless, the firm thinks Baidu's page views and unique visitors respectively grew 0.9% and 0.6% in Q1, which it thinks could bode well for Q1 revenue. Separately, Sina Tech reports Baidu is working with Qualcomm (QCOM) on a Google Glass-like product called Baidu Eye. (Citi report)

    | Apr. 2, 2013, 1:39 PM | 1 Comment
  • Mar. 28, 2013, 12:28 PM

    Baidu's (BIDU -0.9%) paid click growth fell to 20%-21% Y/Y in Q4 '12 after growing 64% in 2012, estimates Citi's Muzhi Li.  In addition to share losses to Qihu (QIHU) and Sohu's (SOHU) Sogou, Li thinks Alibaba's shopping search growth is taking a toll. He's also concerned Chinese Web user growth will slow, even though penetration is only at 42% - 77% of Chinese non-Web users responding to a survey showed no interest in going online. Baidu's PC search paid clicks and ad prices (CPCs) are respectively expected to rise 12% and 17% in 2013; total 2012 CPC growth is pegged at 21%.

    | Mar. 28, 2013, 12:28 PM | 4 Comments
  • Mar. 12, 2013, 1:23 PM
    A selloff in Shanghai and poor guidance from Perfect World (PWRD -7.9%) lead some Chinese Internet stocks to underperform. YY -7.1%. BIDU -2%. SINA -2.5%. GAME -2.6%. Citi has downgraded Perfect World to Neutral on sales and margin concerns. On the earnings call, management mentioned sales of PWRD's popular Torchlight 2 game are expected to see a Q1 drop. One title the company has high hopes for (Neverwinter) will launch in Q2, while two others (Saint Seiya and Swordsman Online) are expected around mid-year.
    | Mar. 12, 2013, 1:23 PM
  • Mar. 6, 2013, 6:45 AM

    Baidu (BIDU) CEO Robin Li says the company will be open to making acquisitions of companies that makes products for smartphones. The firm seeks growth opportunities outside of search.

    | Mar. 6, 2013, 6:45 AM | 3 Comments
  • Mar. 5, 2013, 8:57 AM
    The Investor Movement Index from TD Ameritrade - measuring clients' market exposure - had the biggest gain in its 3-year history in February, spiking to 5.14. It's the first time above 5 for the IMX since June 2011. Stocks bought on the dips included FB, DDD, INTC, COP, BIDU, and, of course, AAPL. Let us know when clients start bailing out of that one.
    | Mar. 5, 2013, 8:57 AM | 1 Comment
  • Feb. 28, 2013, 2:04 PM
    Baidu's (BIDU +1.6%) mobile traffic is up 11x since early 2010, the company boasts. Of course, that's something of a dual-edged sword, given the challenges Baidu faces in monetizing its 80M mobile search daily users. Baidu adds ~80% of the sites visited via mobile searches are mobile-optimized, and that 9.5% of searches are shopping-related (arguably the easiest category to monetize). Separately, Baidu, which is trying to build up its mobile ecosystem, has launched an English site for developers.
    | Feb. 28, 2013, 2:04 PM | 2 Comments
Company Description
Baidu, Inc. engages in the provision of internet search solutions and online marketing solutions. The company also operates an e-commerce platform with an online payment tool, develops and markets web application software, and provides human resource related services. Its products include search... More
Sector: Technology
Industry: Internet Information Providers
Country: China