Baidu.com (BIDU) Tops Q3 Views

Baidu.com (NASDAQ: BIDU) reported Q3 EPS of RMB7.92, RMB0.75 ($1.25) better than the analyst estimate of RMB7.17. Revenue for the quarter came in at RMB18.38 billion ($2.892 billion) versus the consensus estimate of RMB18.39 billion.

Diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses(non-GAAP) for the third quarter of 2015 were RMB9.07 ($1.43).

Baidu.com sees FY2015 revenue of RMB18.2-18.75 billion ($2.864-$2.95 billion).

"With mobile accounting for nearly two-thirds of Baidu's search traffic and China squarely in a mobile age, Baidu is pioneering and redefining the mobile experience for users in China. We further extended the reach of our platform by deeply integrating and connecting search and maps with transaction services," said Robin Li, chairman and CEO of Baidu. "We have made great momentum in O2O and seen strong progress in transaction services for Baidu," Li said.

"We delivered another solid quarter, with mobile growing its contribution. The momentum in transaction services gives us the confidence to continue investing," said Jennifer Li, CFO of Baidu. "We will invest in ways that leverage and buttress our competitive advantage," she said.

Third Quarter 2015 Operational Highlights

• Mobile search monthly active users (MAUs) were 643 million for the month of September 2015, an increase of 26% year-over-year
• Mobile maps MAUs were 326 million for the month of September 2015, an increase of 34% year-over-year
• Gross merchandise value[2] (GMV) for Transaction Services totaled RMB60.2 billion ($9.5 billion) for the third quarter of 2015, an increase of 119% year-over-year
• Baidu Wallet activated accounts reached 45 million at the end of September 2015, an increase of 520% year-over-year

For earnings history and earnings-related data on Baidu.com (BIDU) click here.

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