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Baidu Proclaims 3rd Quarter 2024 Effects


BEIJING, Nov. 21, 2024 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a well-known AI corporate with robust Web foot, nowadays introduced its unaudited monetary effects for the 3rd quarter ended September 30, 2024.

“Baidu Core’s flattish third quarter top line reflected the ongoing weakness in our online marketing business, offset by the growth of our AI Cloud business. Our strong AI capabilities are gaining broader market recognition, as evidenced by increasing adoption of ERNIE. In intelligent driving, Apollo Go continues to lead the global autonomous ride-hailing market, hitting another milestone with our sixth-generation autonomous vehicle now operating on public roads across multiple cities in China,” stated Robin Li, Co-founder and CEO of Baidu. “Despite the near-term pressures, we remain steadfast in our AI-focused strategy and are confident in our long-term trajectory. As we further scale AI, we are emboldened to find how it can drive innovations and create value for consumers, enterprises and society at large.”

“Our relentless focus on cost control helped support our third quarter results. Baidu Core’s operating margins remained stable as we managed to further optimize costs and realize more cost efficiencies between business units,” stated Junjie He, Intervening time CFO of Baidu. “AI Cloud continued to show healthy and sustainable development in the third quarter. Meanwhile, Apollo Go continued to make operational strides, underpinning our confidence in the validity of the fully autonomous ride hailing business model.”

3rd Quarter 2024 Monetary Highlights [1]






















Baidu, Inc.





(In thousands and thousands apart from according to ADS, unaudited)

Q3


Q2


Q3





2023


2024


2024


YOY


QOQ


RMB


RMB


RMB

US$
















Overall revenues 

34,447


33,931


33,557

4,782


(3 %)


(1 %)












Working source of revenue

6,274


5,944


5,925

844


(6 %)


(0 %)

Working source of revenue (non-GAAP)  [2]

7,596


7,500


7,014

999


(8 %)


(6 %)












Internet source of revenue to Baidu

6,681


5,488


7,632

1,088


14 %


39 %

Internet source of revenue to Baidu (non-GAAP) [2]

7,267


7,396


5,886

839


(19 %)


(20 %)












Diluted profits according to ADS

18.22


15.01


21.60

3.08


19 %


44 %

Diluted profits according to ADS (non-GAAP) [2]

20.40


21.02


16.60

2.37


(19 %)


(21 %)












Adjusted EBITDA [2]

9,505


9,147


8,733

1,244


(8 %)


(5 %)

Adjusted EBITDA margin

28 %


27 %


26 %

26 %

















Baidu Core





(In thousands and thousands, unaudited)

Q3


Q2


Q3





2023


2024


2024


YOY


QOQ


RMB


RMB


RMB

US$
















Overall revenues 

26,572


26,687


26,524

3,780


(0 %)


(1 %)












Working source of revenue

5,498


5,608


5,694

811


4 %


2 %

Working source of revenue (non-GAAP) [2]

6,672


7,005


6,652

948


(0 %)


(5 %)












Internet source of revenue to Baidu Core

6,436


5,462


7,536

1,074


17 %


38 %

Internet source of revenue to Baidu Core (non-GAAP) [2]

6,956


7,290


5,676

809


(18 %)


(22 %)












Adjusted EBITDA [2]

8,513


8,617


8,336

1,188


(2 %)


(3 %)

Adjusted EBITDA margin

32 %


32 %


31 %

31 %



























[1] Except in a different way famous, RMB to USD was once transformed at an change fee of RMB7.0176 as of September 30, 2024, as prepared forth within the H.10

statistical let go of the Board of Governors of the Federal Keep Device. Translations are supplied only for the ease of the reader.

[2] Non-GAAP measures are outlined within the Non-GAAP Monetary Measures division (see additionally “Reconciliations of Non-GAAP Financial Measures

to the Nearest Comparable GAAP Measures” for extra main points).

Operational Highlights 

Company

  • In October 2024, Baidu was once upgraded from the prior ‘BBB’ score to an ‘A’ score through MSCI ESG Analysis.
  • Baidu returned US$161 million to shareholders since early Q3 2024, bringing the cumulative repurchase to US$1.4 billion below the 2023 percentage repurchase program.

AI Cloud

  • PaddlePaddle and ERNIE developer family grew to 18.1 million in November 2024.
  • In November 2024, ERNIE treated roughly 1.5 billion API cries day by day, a vital soar from 600 million in August.
  • Within the 3rd quarter of 2024, Baidu expanded the ERNIE public with two enhanced light-weight fashions, Velocity Professional and Lite Professional.
  • Baidu AI Cloud was once ranked the Incorrect.1 AI cloud supplier for the 5th consecutive generation, in keeping with IDC’s 2023 file on China’s AI people cloud marketplace, issued in August 2024.

Clever Using

  • Apollo Move, Baidu’s self sustaining ride-hailing provider, supplied 988K rides within the 3rd quarter of 2024, up 20% generation over generation. As of October 28, 2024, the cumulative rides supplied to the people through Apollo Move surpassed 8 million.
  • Throughout the 3rd quarter of 2024, rides supplied through Apollo Move’s absolutely driverless automobiles accounted for over 70% of overall rides national. The share of absolutely driverless rides additional larger to 80% in October 2024.
  • Our 6th occasion self sustaining automobile, the RT6, is now working on people roads in a couple of towns in China.

Cellular Ecosystem

  • In September 2024, Baidu App’s MAUs reached 704 million, up 6% generation over generation.
  • Controlled Web page accounted for 51% of Baidu Core’s internet marketing earnings within the 3rd quarter of 2024.

3rd Quarter 2024 Monetary Effects 

Overall revenues had been RMB33.6 billion ($4.78 billion), reducing 3% generation over generation.

  • Income from Baidu Core was once RMB26.5 billion ($3.78 billion), which was once principally flat from ultimate generation; internet marketing earnings was once RMB18.8 billion ($2.68 billion), reducing 4% generation over generation, and non-online advertising earnings was once RMB7.7 billion ($1.10 billion), up 12% generation over generation, principally pushed through AI Cloud industry.
  • Income from iQIYI was once RMB7.2 billion ($1.03 billion), reducing 10% generation over generation.

Price of revenues was once RMB16.4 billion ($2.34 billion), expanding 1% generation over generation, essentially because of an build up in site visitors acquisition prices and prices connected to AI Cloud industry, in part offset through a cut in personnel-related bills and value of products offered.

Promoting, common and administrative bills had been RMB5.9 billion ($836 million), expanding 2% generation over generation, essentially because of an build up in channel spending and promotional advertising bills, in part offset through a cut in personnel-related bills.

Analysis and building bills had been RMB5.4 billion ($765 million), reducing 12% generation over generation, essentially because of a cut in personnel-related bills.

Working source of revenue was once RMB5.9 billion ($844 million). Baidu Core working source of revenue was once RMB5.7 billion ($811 million), and Baidu Core working margin was once 21%. Non-GAAP working source of revenue was once RMB7.0 billion ($999 million). Non-GAAP Baidu Core working source of revenue was once RMB6.7 billion ($948 million), and non-GAAP Baidu Core working margin was once 25%.

Overall alternative source of revenue, internet was once RMB2.7 billion ($381 million), expanding 40% generation over generation, essentially because of an build up in truthful worth achieve from long-term investments and disposal achieve, in part offset through an build up in internet foreign currency loss bobbing up from change fee fluctuation between Renminbi and U.S. buck.

Source of revenue tax expense was once RMB814 million ($116 million), in comparison to RMB1.3 billion in the similar length ultimate generation.

Internet source of revenue as a result of Baidu was once RMB7.6 billion ($1.09 billion), and diluted profits according to ADS was once RMB21.60 ($3.08). Internet source of revenue as a result of Baidu Core was once RMB7.5 billion ($1.07 billion), and internet margin for Baidu Core was once 28%. Non-GAAP internet source of revenue as a result of Baidu was once RMB5.9 billion ($839 million). Non-GAAP diluted profits according to ADS was once RMB16.60 ($2.37). Non-GAAP internet source of revenue as a result of Baidu Core was once RMB5.7 billion ($809 million), and non-GAAP internet margin for Baidu Core was once 21%.

Adjusted EBITDA was once RMB8.7 billion ($1.24 billion) and adjusted EBITDA margin was once 26%. Adjusted EBITDA for Baidu Core was once RMB8.3 billion ($1.19 billion) and adjusted EBITDA margin for Baidu Core was once 31%.

As of September 30, 2024, coins, coins equivalents, limited coins and non permanent investments had been RMB144.5 billion ($20.59 billion), and coins, coins equivalents, limited coins and non permanent investments except iQIYI had been RMB140.3 billion ($19.99 billion). Distant coins stream was once RMB2.6 billion ($376 million), and independent coins stream except iQIYI was once RMB2.4 billion ($342 million).

Convention Name Data

Baidu’s control will retain an profits convention name at 7.30 AM on November 21, 2024, U.S. Japanese Year (8.30 PM on November 21, 2024, Beijing Year).

Please sign in in progress of the convention name the use of the hyperlink supplied beneath. It’ll routinely direct you to the registration web page of “Baidu Inc. Q3 2024 Earnings Conference Call”. Please apply the stairs to go into your registration main points, nearest click on “Register”. Upon registering, you are going to nearest be supplied with the dial-in quantity, the passcode, and your distinctive get right of entry to PIN. This knowledge may also be emailed to you as a calendar ask over.

For pre-registration, please click on: 
https://s1.c-conf.com/diamondpass/10043066-56ncpy.html

Within the 10 mins previous to the decision get started moment, you could worth the convention get right of entry to knowledge (together with dial-in quantity(s), the passcode and distinctive get right of entry to PIN) supplied within the calendar ask over that you’ve gained following your pre-registration.

Moreover, a are living and archived webcast of this convention name will likely be to be had at https://ir.baidu.com.

About Baidu

Based in 2000, Baidu’s project is to build the sophisticated international more practical via era. Baidu is a well-known AI corporate with robust Web foot, buying and selling on NASDAQ below “BIDU” and HKEX below “9888”. One Baidu ADS represents 8 Magnificence A habitual stocks.

Shield Harbor Commentary

This announcement accommodates forward-looking statements. Those statements are made below the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Occupation of 1995. Those forward-looking statements will also be known through terminology similar to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and alike statements. Amongst alternative issues, Baidu’s and alternative events’ strategic and operational plans, include forward-looking statements. Baidu might also build written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Alternate Fee, in bulletins made at the website online of The Conserve Alternate of Hong Kong Restricted (the “Hong Kong Stock Exchange”), in its annual report back to shareholders, in press releases and alternative written fabrics and in oral statements made through its officials, administrators or workers to 3rd events. Statements that aren’t ancient information, together with however now not restricted to statements about Baidu’s ideals and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Various elements may purpose untouched effects to range materially from the ones contained in any forward-looking remark, together with however now not restricted to refer to: Baidu’s enlargement methods; its time industry building, together with building of brandnew services and products; its talent to draw and store customers and consumers; pageant within the Chinese language Web seek and newsfeed marketplace; pageant for internet marketing consumers; adjustments within the Corporate’s revenues and likely value or expense pieces as a share of its revenues; the result of ongoing, or any time, litigation or arbitration, together with the ones in the case of highbrow detail rights; the predicted enlargement of the Chinese language-language Web seek and newsfeed marketplace and the choice of Web and broadband customers in China; Chinese language governmental insurance policies in the case of the Web and Web seek suppliers, and common financial statuses in China and in other places. Additional knowledge relating to those and alternative dangers is integrated within the Corporate’s annual file on Method 20-F and alternative paperwork filed with the Securities and Alternate Fee, and bulletins at the website online of the Hong Kong Conserve Alternate. Baidu does now not adopt any legal responsibility to replace any forward-looking remark, apart from as required below acceptable legislation. All knowledge supplied on this press let go and within the attachments is as of the month of the clicking let go, and Baidu undertakes incorrect responsibility to replace such knowledge, apart from as required below acceptable legislation.

Non-GAAP Monetary Measures

To complement Baidu’s consolidated monetary effects introduced in response to GAAP, Baidu makes use of refer to non-GAAP monetary measures: non-GAAP working source of revenue, non-GAAP working margin, non-GAAP internet source of revenue as a result of Baidu, non-GAAP internet margin, non-GAAP diluted profits according to ADS, adjusted EBITDA, adjusted EBITDA margin and independent coins stream. The presentation of those non-GAAP monetary measures isn’t supposed to be regarded as in isolation or as an alternative to the monetary knowledge ready and introduced in response to GAAP.

Baidu believes that those non-GAAP monetary measures handover significant supplemental knowledge relating to its efficiency and liquidity through except positive pieces that might not be indicative of its routine core industry working effects, similar to working efficiency except non-cash fees or non-operating in nature. The Corporate believes that each control and traders take pleasure in referring to those non-GAAP monetary measures in assessing its efficiency and when making plans and forecasting time classes. Those non-GAAP monetary measures additionally facilitate control’s inside comparisons to Baidu’s ancient efficiency and liquidity. The Corporate believes those non-GAAP monetary measures are helpful to traders in taking into consideration higher transparency with recognize to supplemental knowledge worn through control in its monetary and operational resolution making. A limitation of the use of those non-GAAP monetary measures is that those non-GAAP measures exclude positive pieces which were and can proceed to be for the foreseeable time a vital attribute within the Corporate’s result of operations. Those non-GAAP monetary measures introduced right here might not be related to in a similar way titled measures introduced through alternative corporations. Alternative corporations might calculate in a similar way titled measures otherwise, restricting their worth as comparative measures to the Corporate’s information.

Non-GAAP working source of revenue represents working source of revenue except share-based repayment bills, and amortization and impairment of intangible property because of industry combos.

Non-GAAP internet source of revenue as a result of Baidu represents internet source of revenue as a result of Baidu except share-based repayment bills, amortization and impairment of intangible property because of industry combos, disposal achieve (loss), impairment of long-term investments, and truthful worth achieve (loss) of long-term investments, adjusted for connected source of revenue tax results. Baidu’s percentage of fairness mode investments for those non-GAAP reconciling pieces, amortization and impairment of intangible property now not at the investees’ books, accretion in their redeemable non-controlling pursuits, and the achieve or loss related to the issuance of stocks through the investees at a value upper or less than the wearing worth according to percentage, adjusted for connected source of revenue tax results, also are excluded.

Non-GAAP diluted profits according to ADS represents diluted profits according to ADS calculated through dividing non-GAAP internet source of revenue as a result of Baidu, through the weighted moderate choice of habitual stocks expressed in ADS. Adjusted EBITDA represents working source of revenue except depreciation, amortization and impairment of intangible property because of industry combos, and share-based repayment bills.

For more info on non-GAAP monetary measures, refer to the tables captioned “Reconciliations of non-GAAP financial measures to the nearest comparable GAAP measure.”

Baidu, Inc. 









Condensed Consolidated Statements of  Source of revenue 









(In thousands and thousands apart from for according to percentage (or ADS) knowledge, unaudited)









3 Months Ended



September 30,


June 30,


September 30,


September 30,



2023


2024


2024


2024



RMB


RMB


RMB


US$(2)

Revenues:









Internet online affiliate marketing products and services


21,346


20,625


20,108


2,865

Others


13,101


13,306


13,449


1,917

Overall revenues 


34,447


33,931


33,557


4,782










Prices and bills:









Price of revenues(1)


16,294


16,398


16,399


2,337

Promoting, common and administrative(1)


5,778


5,700


5,867


836

Analysis and building(1)


6,101


5,889


5,366


765

Overall prices and bills


28,173


27,987


27,632


3,938

Working source of revenue


6,274


5,944


5,925


844










Alternative source of revenue:









Pastime source of revenue


2,082


1,993


1,877


267

Pastime expense


(853)


(742)


(673)


(96)

Foreign currencies (loss) achieve, internet


(26)


93


(1,096)


(156)

Percentage of (losses) profits from fairness mode investments 


(398)


(119)


32


5

Others, internet


1,100


(454)


2,535


361

Overall alternative source of revenue, internet


1,905


771


2,675


381










Source of revenue earlier than source of revenue taxes


8,179


6,715


8,600


1,225

Source of revenue tax expense


1,282


1,131


814


116

Internet source of revenue 


6,897


5,584


7,786


1,109

Internet source of revenue as a result of noncontrolling pursuits


216


96


154


21

Internet source of revenue as a result of Baidu


6,681


5,488


7,632


1,088



















Profits according to ADS (1 ADS representing 8 Magnificence A habitual stocks):







 -Unadorned


18.45


15.11


21.93


3.13

 -Diluted


18.22


15.01


21.60


3.08

Profits according to percentage for Magnificence A and Magnificence B habitual stocks:







 -Unadorned


2.31


1.89


2.74


0.39

 -Diluted


2.28


1.88


2.70


0.38

Weighted moderate choice of Magnificence A and Magnificence B habitual stocks exceptional (in thousands and thousands):





 -Unadorned 


2,814


2,796


2,785


2,785

 -Diluted


2,846


2,804


2,789


2,789










(1)  Comprises share-based repayment bills as follows:







 Price of revenues 


139


146


104


15

 Promoting, common and administrative 


358


385


328


47

 Analysis and building 


778


981


612


87

 Overall share-based repayment bills 


1,275


1,512


1,044


149










(2)  All translations from RMB to U.S. greenbacks are made at a fee of RMB7.0176 to US$1.00, the change fee in impact as of

September 30, 2024 as prepared forth within the H.10 statistical let go of The Board of Governors of the Federal Keep Device.

Baidu, Inc. 







Condensed Consolidated Steadiness Sheets







(In thousands and thousands, unaudited)
















December 31,


September 30,


September 30,



2023


2024


2024



RMB


RMB


US$

ASSETS







Flow property:







Money and coins equivalents


25,231


28,682


4,087

Limited coins


11,503


11,665


1,662

Shorten-term investments, internet


168,670


104,129


14,838

Accounts receivable, internet


10,848


9,848


1,403

Quantities due from connected events


1,424


1,379


197

Alternative fresh property, internet


12,579


16,415


2,339

Overall fresh property


230,255


172,118


24,526








Non-current property:







Fastened property, internet


27,960


29,696


4,232

Approved copyrights, internet


6,967


6,862


978

Produced content material, internet


13,377


14,313


2,040

Intangible property, internet


881


749


107

Approbation


22,586


22,586


3,218

Lengthy-term investments, internet


47,957


44,637


6,361

Lengthy-term moment deposits and held-to-maturity investments


24,666


88,547


12,618

Quantities due from connected events


195


120


17

Deferred tax property, internet


2,100


2,852


406

Working hire right-of-use property


10,851


10,693


1,524

Alternative non-current property


18,964


24,143


3,440

Overall non-current property


176,504


245,198


34,941








Overall property


406,759


417,316


59,467








LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY





Flow liabilities:







Shorten-term loans


10,257


11,969


1,706

Accounts payable and accumulated liabilities


37,717


39,000


5,557

Buyer deposits and deferred earnings


14,627


14,310


2,039

Deferred source of revenue


306


300


43

Lengthy-term loans, fresh portion


2


37


5

Convertible senior notes, fresh portion


2,802


17


2

Notes payable, fresh portion


6,029


7,714


1,099

Quantities because of connected events


1,603


1,959


279

Working hire liabilities


3,108


3,123


445

Overall fresh liabilities


76,451


78,429


11,175








Non-current liabilities:







Deferred source of revenue


200


265


38

Deferred earnings


481


532


76

Quantities because of connected events


77


61


9

Lengthy-term loans


14,223


14,487


2,064

Notes payable


34,990


26,911


3,835

Convertible senior notes


8,144


8,187


1,167

Deferred tax liabilities


2,725


2,885


411

Working hire liabilities


5,040


4,911


700

Alternative non-current liabilities


1,820


1,457


208

Overall non-current liabilities


67,700


59,696


8,508








Overall liabilities


144,151


138,125


19,683








Redeemable noncontrolling pursuits


9,465


9,312


1,327








Fairness







Overall Baidu shareholders’ fairness


243,626


259,649


36,999

Noncontrolling pursuits


9,517


10,230


1,458

Overall fairness


253,143


269,879


38,457








Overall liabilities, redeemable noncontrolling pursuits, and fairness

406,759


417,316


59,467

Baidu, Inc. 

























Decided on Data

























(In thousands and thousands, unaudited)




















































3 months ended
September 30, 2023 (RMB)


3 months ended
June 30, 2024 (RMB)


3 months ended
September 30, 2024 (RMB)


3 months ended
September 30, 2024 (US$)



Baidu
Core

iQIYI

Elim &
adj(2)


Baidu,
Inc.


Baidu
Core

iQIYI

Elim &
adj(2)


Baidu,
Inc.


Baidu
Core

iQIYI

Elim &

adj(2)


Baidu,

Inc.


Baidu

Core

iQIYI

Elim &

adj(2)


Baidu,

Inc.

Overall revenues 


26,572

8,015

(140)


34,447


26,687

7,439

(195)


33,931


26,524

7,246

(213)


33,557


3,780

1,032

(30)


4,782

  YOY














(0 %)

(10 %)



(3 %)







  QOQ














(1 %)

(3 %)



(1 %)
































Prices and bills: 

























  Price of revenues (1)


10,610

5,840

(156)


16,294


10,888

5,678

(168)


16,398


10,923

5,650

(174)


16,399


1,557

805

(25)


2,337

  Promoting, common and administrative (1)


4,810

981

(13)


5,778


4,751

970

(21)


5,700


4,990

908

(31)


5,867


711

129

(4)


836

  Analysis and building (1)


5,654

447


6,101


5,440

449


5,889


4,917

449


5,366


701

64


765

Overall prices and bills 


21,074

7,268

(169)


28,173


21,079

7,097

(189)


27,987


20,830

7,007

(205)


27,632


2,969

998

(29)


3,938

  YOY 

























  Price of revenues 














3 %

(3 %)



1 %







  Promoting, common and administrative 














4 %

(7 %)



2 %







  Analysis and building 














(13 %)

0 %



(12 %)







  Prices and bills














(1 %)

(4 %)



(2 %)
































Working source of revenue (loss)


5,498

747

29


6,274


5,608

342

(6)


5,944


5,694

239

(8)


5,925


811

34

(1)


844

  YOY














4 %

(68 %)



(6 %)







  QOQ














2 %

(30 %)



(0 %)







Working margin 


21 %

9 %



18 %


21 %

5 %



18 %


21 %

3 %



18 %
































  Upload: overall alternative source of revenue (loss), internet


2,159

(254)


1,905


1,011

(240)


771


2,667

8


2,675


380

1


381

  Much less: source of revenue tax expense


1,272

10


1,282


1,105

26


1,131


803

11


814


114

2


116

  Much less: internet (loss) source of revenue as a result of NCI


(51)

7

260(3)


216


52

7

37(3)


96


22

7

125(3)


154


3

18(3)


21

Internet source of revenue (loss) as a result of Baidu


6,436

476

(231)


6,681


5,462

69

(43)


5,488


7,536

229

(133)


7,632


1,074

33

(19)


1,088

  YOY














17 %

(52 %)



14 %







  QOQ














38 %

232 %



39 %







Internet margin 


24 %

6 %



19 %


20 %

1 %



16 %


28 %

3 %



23 %
































Non-GAAP monetary measures:

























Working source of revenue (non-GAAP)


6,672

895



7,596


7,005

501



7,500


6,652

370



7,014


948

52



999

  YOY














(0 %)

(59 %)



(8 %)







  QOQ














(5 %)

(26 %)



(6 %)







Working margin (non-GAAP)


25 %

11 %



22 %


26 %

7 %



22 %


25 %

5 %



21 %
































Internet source of revenue as a result of Baidu (non-

GAAP)


6,956

622



7,267


7,290

247



7,396


5,676

480



5,886


809

68



839

  YOY














(18 %)

(23 %)



(19 %)







  QOQ














(22 %)

94 %



(20 %)







Internet margin (non-GAAP)


26 %

8 %



21 %


27 %

3 %



22 %


21 %

7 %



18 %
































Adjusted EBITDA


8,513

963



9,505


8,617

536



9,147


8,336

405



8,733


1,188

57



1,244

  YOY














(2 %)

(58 %)



(8 %)







  QOQ














(3 %)

(24 %)



(5 %)







Adjusted EBITDA margin 


32 %

12 %



28 %


32 %

7 %



27 %


31 %

6 %



26 %
































(1)  Comprises share-based repayment as follows:























 Price of revenues 


107

32



139


117

29



146


73

31



104


11

4



15

 Promoting, common and administrative 


290

68



358


292

93



385


268

60



328


38

9



47

 Analysis and building 


732

46



778


945

36



981


574

38



612


82

5



87

 Overall share-based repayment 


1,129

146



1,275


1,354

158



1,512


915

129



1,044


131

18



149

 (2) Pertains to intersegment eliminations and changes 























 (3) Pertains to the online source of revenue as a result of iQIYI noncontrolling pursuits 





















Baidu, Inc. 

















Condensed Consolidated Statements of Money Flows















(In thousands and thousands,unaudited)




































3 months ended 


3 months ended 


3 months ended 


3 months ended 



September 30, 2023 (RMB)


June 30, 2024 (RMB)


September 30, 2024 (RMB)


September 30, 2024 (US$)



 Baidu

excl. iQIYI

iQIYI

Baidu,

Inc.


 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.


 Baidu

excl. iQIYI

iQIYI

Baidu,

Inc.


 Baidu

excl. 

iQIYI

iQIYI

Baidu,

Inc.

Internet coins supplied through working actions


8,694

831

9,525


7,970

409

8,379


4,036

243

4,279


575

35

610

Internet coins (worn in) supplied through making an investment actions 


(11,345)

(55)

(11,400)


13,824

337

14,161


(12,300)

(1,663)

(13,963)


(1,753)

(237)

(1,990)

Internet coins (worn in) supplied through financing actions


(5,253)

269

(4,984)


(9,946)

869

(9,077)


(2,787)

(2,612)

(5,399)


(397)

(372)

(769)

Impact of change fee adjustments on coins, coins

equivalents and limited coins


153

5

158


66

22

88


(721)

(84)

(805)


(103)

(12)

(115)

Internet (cut) build up in coins, coins

equivalents and limited coins 


(7,751)

1,050

(6,701)


11,914

1,637

13,551


(11,772)

(4,116)

(15,888)


(1,678)

(586)

(2,264)

Money, coins equivalents and limited coins

















  At starting of length


49,814

5,082

54,896


36,964

6,270

43,234


48,878

7,907

56,785


6,965

1,127

8,092

  At finish of length


42,063

6,132

48,195


48,878

7,907

56,785


37,106

3,791

40,897


5,287

541

5,828


















Internet coins supplied through working actions


8,694

831

9,525


7,970

409

8,379


4,036

243

4,279


575

35

610

Much less: Capital expenditures


(3,525)

(4)

(3,529)


(2,090)

(28)

(2,118)


(1,637)

(8)

(1,645)


(233)

(1)

(234)

Distant coins stream


5,169

827

5,996


5,880

381

6,261


2,399

235

2,634


342

34

376


















Be aware: Baidu excl. iQIYI represents Baidu, Inc. minus iQIYI’s consolidated coins flows.













Baidu, Inc. 

















Reconciliations of Non-GAAP Monetary Measures to the Next Related GAAP Measures  










(In thousands and thousands apart from for according to ADS knowledge, unaudited)




































3 months ended 


3 months ended 


3 months ended 


3 months ended 



September 30, 2023 (RMB)


June 30, 2024 (RMB)


September 30, 2024 (RMB)


September 30, 2024 (US$)



Baidu

Core

iQIYI

Baidu,

Inc.


Baidu

Core

iQIYI

Baidu,

Inc.


Baidu

Core

iQIYI

Baidu,

Inc.


Baidu

Core

iQIYI

Baidu,

Inc.

Working source of revenue


5,498

747

6,274


5,608

342

5,944


5,694

239

5,925


811

34

844

Upload: Percentage-based repayment bills


1,129

146

1,275


1,354

158

1,512


915

129

1,044


131

18

149

Upload: Amortization and impairment of intangible property(1)


45

2

47


43

1

44


43

2

45


6

6

Working source of revenue (non-GAAP)


6,672

895

7,596


7,005

501

7,500


6,652

370

7,014


948

52

999


















Upload:  Depreciation of fastened property


1,841

68

1,909


1,612

35

1,647


1,684

35

1,719


240

5

245

Adjusted EBITDA


8,513

963

9,505


8,617

536

9,147


8,336

405

8,733


1,188

57

1,244


















Internet source of revenue as a result of Baidu


6,436

476

6,681


5,462

69

5,488


7,536

229

7,632


1,074

33

1,088

Upload: Percentage-based repayment bills


1,128

146

1,194


1,353

158

1,425


914

129

972


130

18

138

Upload: Amortization and impairment of intangible property(1)


43

2

44


41

1

41


41

2

42


6

6

Upload: Disposal (achieve) loss


(753)

(753)


(30)

(30)


(1,501)

22

(1,491)


(214)

3

(212)

Upload: Impairment of long-term investments


46

46


26

17

34


26

91

68


4

13

10

Upload: Truthful worth (achieve) lack of long-term investments


(384)

(2)

(385)


531

2

531


(1,361)

7

(1,358)


(194)

1

(194)

Upload: Reconciling pieces on fairness mode investments(2)


572

572


83

83


8

8


1

1

Upload: Tax results on non-GAAP changes(3)


(132)

(132)


(176)

(176)


13

13


2

2

Internet source of revenue as a result of Baidu (non-GAAP)


6,956

622

7,267


7,290

247

7,396


5,676

480

5,886


809

68

839


















Diluted profits according to ADS




18.22




15.01




21.60




3.08

Upload:  Accretion of the redeemable noncontrolling

pursuits




0.53




0.57




0.01




Upload:  Non-GAAP changes to profits according to ADS




1.65




5.44




(5.01)




(0.71)

Diluted profits according to ADS (non-GAAP)




20.40




21.02




16.60




2.37


















(1) This represents amortization and impairment of intangible property because of industry combos.

(2) This represents Baidu’s percentage of fairness mode investments for alternative non-GAAP reconciling pieces, amortization and impairment of intangible property now not at the investee’s books, accretion of

their redeemable noncontrolling pursuits, and the achieve or loss related to the issuance of stocks through the investees at a value upper or less than the wearing worth according to percentage.

(3) This represents tax affect of all non-GAAP changes

SOURCE Baidu, Inc.

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