BAIDU（BIDU）股票在擊敗Q1收入和利潤估算後流行起來

截至美國東部時間下午1:43 BAIDU Inc.（NASDAQ：BIDU）的交易價格為86.34美元，當天下跌3.36％。

As of 1:43 PM ET, Monday, Baidu Inc. (NASDAQ:BIDU) was trading at $86.34, down 3.36% on the day. Here's a look at what happened:

截至美國東部時間下午1:43，BAIDU Inc.（NASDAQ：BIDU）的交易價格為86.34美元，下降了3.36％。以下是發生了什麼：

What Happened: As of 1:43 PM EDT, Monday, Baidu Inc. (NASDAQ:BIDU) was trading at $86.34, down 3.36% on the day.

發生了什麼：截至美國東部時間下午1:43，週一，百度公司（NASDAQ：BIDU）的交易價格為86.34美元，當天下跌了3.36％。

Here's a look at what happened:

以下是發生了什麼：

On May 21, the Chinese tech firm reported its financial results for the quarter ended March 31. Revenue edged up 3% year-over-year to CNY32.45 billion ($4.47 billion), narrowly beating the average analyst forecast of CNY30.90 billion ($4.30 billion).

5月21日，這家中國科技公司報告了截至3月31日的季度的財務業績。收入同比增長3％，達到324.5億美元（44.7億美元），險些擊敗了平均分析師309.0億CNY的分析師預測（4.33億美元）。

The company posted adjusted earnings of CNY18.54 per share, down from CNY19.91 last year but still coming in above the consensus estimate of CNY14.74. Baidu’s reported earnings per share came in even higher at CNY21.59.

該公司發布了調整後的CNY18.54每股收益，低於去年CNY19.91，但仍高於CNY14.74的共識估計。百度報導的每股收益在CNY21.59上漲甚至更高。

What Impacted Baidu’s Earnings:

是什麼影響了百度的收入：

Despite a challenging macroeconomic climate, Baidu demonstrated resilience with surprising revenue growth and strong earnings.

儘管宏觀經濟的氣候充滿了挑戰，但百度表現出了令人驚訝的收入增長和豐富的收入的韌性。

Crucial Contributions:

關鍵貢獻：

AI Cloud: A key driver of Baidu's earnings was the outstanding performance of its AI Cloud business, which achieved 42% Y/Y growth. CEO Robin Li attributed this to a rapid response to market demand for full-stack AI products at competitive price-performance levels. Interim CFO Junjie He further highlighted the pivotal role of AI Cloud in supporting the quarter's revenue.

AI Cloud：Baidu收益的主要驅動力是其AI Cloud業務的出色表現，其增長率為42％。首席執行官羅賓·李（Robin Li）將其歸因於對市場需求的迅速響應，以競爭性的價格表現水平。臨時CFO Junjie他進一步強調了AI Cloud在支持該季度收入方面的關鍵作用。

Pay Attention To: Rising SGA, R&D Down, Margins Affected - Baidu reported SG&A expenses at $815 million, a 10% increase year-over-year due to higher promotional costs. R&D spending, on the other hand, decreased by 15% Y/Y to $626 million. Despite the top-line strength, adjusted EBITDA margins took a hit. Overall margin slipped by 400 basis points to 22%, and Core EBITDA margin fell to 26%.

請注意：Rising SGA，研發下降，受影響的利潤率-BAIDU報告的SG＆A支出為8.15億美元，由於促銷成本較高，同比增長10％。另一方面，研發支出減少了15％/年，至6.26億美元。儘管有一線力量，但調整後的EBITDA利潤率還是受到了打擊。總利潤率下降了400個基點，至22％，而核心EBITDA利潤率下降至26％。

Cash Flow and Investments: At the end of the quarter, Baidu held $19.6 billion in cash and equivalents. However, on an adjusted basis, free cash flow showed an outflow of $1.23 billion. Excluding iQIYI, the outflow was $1.27 billion, indicating significant investments, particularly in AI.

現金流量和投資：在季度結束時，百度持有196億美元的現金和同等價值。但是，根據調整後，自由現金流顯示出12.3億美元的流出。除Iqiyi外，該流出為12.7億美元，表明大量投資，尤其是在AI中。

Another Milestone: Baidu also reached a significant milestone in its autonomous driving endeavors. Its robotaxi service, Apollo Go, launched in Dubai and Abu Dhabi, marking a crucial step in expanding Baidu's AI-driven mobility solutions internationally.

另一個里程碑：百度在其自動駕駛努力方面也達到了一個重要的里程碑。它的機器人服務Apollo GO在迪拜和阿布扎比推出，這是在國際上擴大百度AI驅動的移動解決方案的關鍵步驟。

Analyst Sentiment: According to the latest data from TipRanks, analyst sentiment on BIDU remains positive. Of the 31 analysts covering BIDU, 18 are recommending a Buy or Strong Buy, 12 suggest Hold, and only 1 has a Sell recommendation.

分析師的情緒：根據Tipranks的最新數據，BIDU上的分析師情緒仍然是積極的。在涵蓋Bidu的31位分析師中，有18位建議購買或強勁買入，建議持有12個，只有1個有賣出建議。

The analysts’ 12-month price target for BIDU shares ranges from a low of $70.00 to a high of $150.00, with a median target of $107.85. Shares of BIDU are currently down 2.9% over the last quarter but are up by 6% year-to-date.

BIDU股價為12個月的目標價格為12個月的價格目標範圍從70.00美元的低至150.00美元不等，中位目標為107.85美元。 BIDU的股票目前比上一季度下跌2.9％，但每年至今增長6％。

As of Monday morning, no analysts have made any new price, earnings or revenue forecasts for Baidu in the last 30 days. Moreover, there have been no major changes to analysts’ thinking on BIDU, with 1 analyst upgrading their rating of the shares in the last three months, compared to no analysts who downgraded their rating.

截至週一上午，在過去30天內，尚無任何分析師對百度的任何新價格，收入或收入預測。此外，分析師對BIDU的思考沒有重大變化，而1位分析師在過去三個月中升級了其股票評級，而沒有分析師降低評級的分析師。