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$Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$
Highlights of Q2 2022 Results
‧ Total revenue was RMB 29.65 billion, a year-on-year decrease of 5%,are higher thanMarket expectation was RMB 29.4 billion. Baidu Core revenue reached RMB 23.16 billion, a year-on-year decrease of 4%,are higher thanMarket expectation was RMB 22.8 billion.
‧ Operating profit under non-GAAP was RMB 5.49 billion,are higher thanMarket expectation was RMB 4 billion.
‧ Net profit under non-GAAP was RMB 5.54 billion,are higher thanMarket expectation was RMB 3.8 billion.
Operating Summary
Enterprises
Forbes China included Baidu in the 2022 China ESG 50 list.
AI Cloud
According to IDC's report on the Chinese public cloud market for the second half of 2021, released in June 2022, Baidu AI Cloud once again ranked first among AI cloud providers.
As of the end of Q2 2022, Baidu ACE Intelligent Transportation had been adopted by 51 cities, up from 20 cities a year ago, with contracts valued at over RMB 10 million.
intelligent driving
RoboTaxi provided 287,000 rides in Q2 2022. By July 20, 2022, RoboTaxi’s cumulative rides reached 10...
Highlights of Q2 2022 Results
‧ Total revenue was RMB 29.65 billion, a year-on-year decrease of 5%,are higher thanMarket expectation was RMB 29.4 billion. Baidu Core revenue reached RMB 23.16 billion, a year-on-year decrease of 4%,are higher thanMarket expectation was RMB 22.8 billion.
‧ Operating profit under non-GAAP was RMB 5.49 billion,are higher thanMarket expectation was RMB 4 billion.
‧ Net profit under non-GAAP was RMB 5.54 billion,are higher thanMarket expectation was RMB 3.8 billion.
Operating Summary
Enterprises
Forbes China included Baidu in the 2022 China ESG 50 list.
AI Cloud
According to IDC's report on the Chinese public cloud market for the second half of 2021, released in June 2022, Baidu AI Cloud once again ranked first among AI cloud providers.
As of the end of Q2 2022, Baidu ACE Intelligent Transportation had been adopted by 51 cities, up from 20 cities a year ago, with contracts valued at over RMB 10 million.
intelligent driving
RoboTaxi provided 287,000 rides in Q2 2022. By July 20, 2022, RoboTaxi’s cumulative rides reached 10...
![[Quick Comment from Our Camp] Baidu's Q2 revenue and net profit both exceeded market expectations. Focus on the recovery of the online advertising business and continuous margin improvement in the second half of the year, while long-term attention should be paid to the growth of AI cloud services and intelligent driving.](https://nnqimage.futunn.com/27292799/editor_image/7d158a85ed643969a4cacdecfd33ee8f.png/thumb)
![[Quick Comment from Our Camp] Baidu's Q2 revenue and net profit both exceeded market expectations. Focus on the recovery of the online advertising business and continuous margin improvement in the second half of the year, while long-term attention should be paid to the growth of AI cloud services and intelligent driving.](https://nnqimage.futunn.com/27292799/editor_image/3d932fbc120f372ca04f5cafb880abcb.png/thumb)
![[Quick Comment from Our Camp] Baidu's Q2 revenue and net profit both exceeded market expectations. Focus on the recovery of the online advertising business and continuous margin improvement in the second half of the year, while long-term attention should be paid to the growth of AI cloud services and intelligent driving.](https://nnqimage.futunn.com/27292799/editor_image/bcb0afb0a4083e9382e26474a35dc887.png/thumb)
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