Baidu.com (BIDU) Tops Q1 EPS by 68c, Issues Solid Outlook

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Go back to Baidu.com (BIDU) Tops Q1 EPS by 68c, Issues Solid Outlook

Baidu Announces First Quarter 2020 Results

May 18, 2020 4:30 PM EDT

BEIJING, May 18, 2020 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information centered Internet platform and AI company, today announced its unaudited financial results for the first quarter ended March 31, 2020[1].

"Despite shelter-in-place in the first quarter, Baidu's total revenues declined just 7% year-over-year, resulting from our diversified revenue streams, including marketing services for wide-ranging industries, new AI businesses and iQIYI. With the pandemic coming under control in China, offline activities are rebounding and Baidu stands to benefit from a restart of the... More