Baidu.com (BIDU) Misses Q4 EPS by 1c; Mobile MAUs Rose 21%

Baidu.com (NASDAQ: BIDU) reported Q4 EPS of $1.18, $0.01 worse than the analyst estimate of $1.19. Total revenues in the fourth quarter of 2015 were RMB18.699 billion ($2.887 billion), a 33.1% increase from the corresponding period in 2014. The Street was looking for revenue of $2.84 billion.

Fourth Quarter and Fiscal Year 2015 Operational Highlights

• Mobile search monthly active users (MAUs) were 657 million for the month of December 2015, an increase of 21% year-over-year
• Mobile maps MAUs were 302 million for the month of December 2015, an increase of 43% year-over-year
• Gross merchandise value[1] (GMV) totaled RMB14.7 billion ($2.3 billion) for the fourth quarter of 2015, an increase of 397% year-over-year
• Baidu Wallet activated accounts reached 53 million at the end of December 2015, an increase of 189% year-over-year

Guidance:

Baidu currently expects to generate total revenues in an amount ranging from RMB15.410 billion ($2.379 billion) to RMB15.970 billion ($2.465 billion) for the first quarter of 2016, representing a 21.1% to 25.5% year-over-year increase. On an apples-to-apples basis, excluding Qunar from Baidu's financials, the guidance represents a 27.8% to 32.5% year-over-year increase. Following Baidu's exchange of Qunar shares with Ctrip, Baidu deconsolidated Qunar's financials after October 26, 2015. This forecast reflects Baidu's current and preliminary view, which is subject to change.

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

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