Seeking Alpha

Baidu, Inc. (BIDU)

  • Oct. 31, 2012, 1:42 PM
    More on Citi's two-notch downgrade of Baidu (BIDU -5.7%): analyst Ravi Sarathy thinks Baidu's P/E, which has already compressed plenty this year, will eventually be in-line with Google's, due to the impact of soft mobile search monetization. He also sees Baidu's margins contracting due to ramping expenses, and notes Q3's Y/Y revenue growth rate was the lowest seen by the company since Q1 2010. (more on BIDU) (Q3 transcript)
  • Oct. 31, 2012, 10:22 AM
    Baidu (BIDU -4.1%) falls in response to the Q4 guidance and earnings call commentary accompanying its Q3 beat. The fact Citi is downgrading shares all the way to Sell from Buy also isn't helping - the firm's target has been cut in half to $95. Piper's Gene Munster is taking comfort in better-than-expected customer ads, and argues Qihoo (QIHU +0.6%), the subject of much recent angst, isn't a major long-term threat. Also lower: SINA -1.8%. SOHU -1.4%. RENN -2.6%. (transcript)
    | Comment!
  • Oct. 31, 2012, 9:10 AM
    Premarket gainers: PVH +18%. UBS +14%. ANAD +12%. GNRC +13%. VRNG +8%. TTWO +7%. NOK +6%. DB +5%.
    Losers: WU -17%. NBG -16%. RVBD -11%. WPRT -11%. BIDU -5%.
    | 1 Comment
  • Oct. 30, 2012, 1:18 PM
    Baidu's (BIDU) mobile search traffic grew 25% Q/Q and 110% Y/Y in Q3, the company disclosed in its earnings call. However, it admitted PC traffic growth is "certainly not as exciting." Much like Google, Baidu sees higher ad prices for PC ads than mobile ads - the company says it's trying to narrow this gap by "enhancing efficiencies," educating ad buyers about mobile, and developing mobile-ready sites. Also, Baidu partly attributed a slowdown in ARPU growth to its signing up of SMEs with less spending power as customers.
    | Comment!
  • 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 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)
    | Comment!
  • Oct. 29, 2012, 4:35 PM
    Baidu (BIDU): Q3 EPS of $1.39 beats by $0.08. Revenue of $994.6M (+49.7% Y/Y) beats by $2M. (PR)
  • Oct. 29, 2012, 12:10 AM
    Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO
    | Comment!
  • Oct. 28, 2012, 5:35 PM
    Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO
    | 1 Comment
  • Oct. 19, 2012, 4:50 PM
    Yandex (YNDX -0.6%) CEO Arkady Volozh claims the Russian search king plans to take on Google (GOOG) in emerging markets where its market share often exceeds 90%. Yandex's first target is Turkey, where it currently has just 1% of the market. As Baidu can vouch, expanding into foreign search markets where a different language is spoken is often easier said than done.
    | Comment!
  • Oct. 9, 2012, 9:57 AM
    Baidu (BIDU -3.8%) falls after receiving yet another downgrade, this time from Credit Suisse. The firm, which now rates Baidu an Underperform, expects estimates to move lower thanks to stronger competition (no doubt from Qihoo), a weaker-than-expected ad market, and mobile monetization challenges. (prior downgrades: I, II)
    | Comment!
  • Oct. 2, 2012, 2:43 PM
    The Street seems to enjoy criticizing Baidu (BIDU -0.9%) these days almost as much as it enjoys praising Apple. A day after Jefferies downgraded Baidu, Raymond James is doing the same, though its rating merely goes to Outperform from Strong Buy. RJ points to Hitwise data that shows Baidu had 58.3% of the Chinese search market as of mid-September, down from the low-to-mid 60s before Qihoo's (QIHU +5%) arrival. Qihoo's share is pegged at 9.2%. (more)
    | 1 Comment
  • Oct. 1, 2012, 11:11 AM
    Baidu (BIDU -3.1%) slides after receiving a downgrade to Hold from Jefferies' Cynthia Meng. Like many other analysts, Meng is worried about Qihoo's (QIHU -1.1%) search engine: she thinks Baidu's Q3 results will be at the low end of its guidance range, and that its numbers for Q4 and later could miss Street estimates. Meng also expects Baidu's traffic acquisition costs to rise as a % of sales. Baidu has already significantly underperformed the NASDAQ since Qihoo's search engine launched.  (more)
    | 1 Comment
  • Sep. 26, 2012, 5:44 PM
    Qihoo's (QIHU) share of Chinese search is now holding steady around 10%, says ThinkEquity, but the firm thinks additional gains at Baidu's (BIDU) expense are possible. It's lowering estimates for Baidu due to share loss worries, as well as a belief the company is being forced to choose between higher monetization and a better user experience. Baidu, which is still growing at a rapid pace, is now trading at 18x estimated 2013 EPS thanks to Qihoo-related fears. (more on BIDU-QIHU)
    | 1 Comment
  • Sep. 24, 2012, 6:00 PM
    While Apple deals with its maps issues, Baidu (BIDU) is rolling out a major update for the iOS and Android editions of Baidu Maps. Store/restaurant discounts, better voice navigation, and real-time traffic and public transit data are some of the new features. Baidu was recently estimated to control 17.3% of China's mobile maps market, and appears poised to eclipse Google as the market's #2 player. #1 AutoNavi (AMAP) is expected to provide local data for Apple's maps.
    | Comment!
  • Sep. 21, 2012, 5:17 PM
    Mobile monetization isn't something for just American Web companies to worry about: Jefferies cut its target for Baidu (BIDU -0.1%) today on concerns mobile makes up only a single-digit % of the Chinese search leader's sales, even though it now accounts for 20% of query volume. Baidu is hoping the proliferation of mobile sites for SMEs will improve monetization, but will the e-commerce activity Baidu's ad sales depend on be as strong on those mobile sites? (others concerned: I, II)
    | Comment!
  • Sep. 21, 2012, 11:46 AM
    Google (GOOG) is shutting down a free Chinese online music service due to a lack of interest. The service, launched in '09 and relying on licensed downloads from local music provider, failed to gain traction against a rival service from Baidu (BIDU). Like Google Maps' Chinese share losses, Google's music woes have much to do with the company's decision to abandon rather than censor search results.
    | 1 Comment
Visit Seeking Alpha's
BIDU vs. ETF Alternatives
Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website