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BIDU-SW Slips ~3% as Mgmt Guides for Decline in 2Q/ 3Q25 Ads Rev.
Recommend 4 Positive 11 Negative 7 |
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Baidu (BIDU.US) once climbed as much as 6.5% to USD95.15 overnight (21st), yet it eventually closed down 4.3% at USD85.48. Mirroring its US counterpart, BIDU-SW (09888.HK) opened 2.1% lower this morning (22nd) and traded at HKD83.55 in early trading, down 2.96%, on a volume of 1.4342 million shares, involving HKD120 million. BIDU-SW announced its 1Q25 results after the market closed yesterday (21st). The company's net income rose by nearly 42% YoY to RMB7.717 billion, above the forecasted upper limit of RMB4.316 billion from five brokers as consolidated by our reporters. Its EPS stood at RMB2.73, while its earnings per ADS reached RMB21.86. On a non-GAAP basis, BIDU-SW's net income fell by nearly 8% YoY to RMB6.469 billion, exceeding the forecasted upper limit of RMB5.68 billion from 10 brokers as consolidated by our reporters. Nomura wrote in its research report that BIDU-SW estimated last quarter that its advertising business would gradually recover this year, but the latest guidance now forecasts a 10% YoY drop in the company's 2Q/ 3Q25 advertising revenue, with potential improvement only in 4Q. AAStocks Financial News |
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