UPDATE: Baidu.com (BIDU) Tops Q3 EPS Views; Issues Light Q4 Revenue Outlook

October 27, 2016 4:31 PM EDT
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(Updated - October 27, 2016 4:33 PM EDT)

Baidu.com (NASDAQ: BIDU) reported Q3 EPS of $1.48, $0.40 better than the analyst estimate of $1.08. TAC was $389 million. Revenue was $2.74 billion versus the consensus of $2.71 billion.

Third Quarter 2016 Operational Highlights

  • Mobile search monthly active users (MAUs) were 660 million for the month of September 2016, an increase of 3% year-over-year
  • Mobile maps MAUs were 348 million for the month of September 2016, an increase of 7% year-over-year
  • Gross merchandise value[2] (GMV) for Transaction Services totaled RMB19.4 billion ($2.9 billion) for the third quarter of 2016, an increase of 49% year-over-year
  • Baidu Wallet activated accounts reached 90 million at the end of September 2016, an increase of 99% year-over-year

Outlook:

Baidu sees Q4 revenue of $2.675 - $2.756 billion, versus the consensus of $2.89 billion.

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



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