Report
Chelsey Tam
EUR 100.00 For Business Accounts Only

Baidu Expects Weak 2Q Revenue Growth; FVE Under Review

First-quarter revenue at wide-moat Baidu was CNY 24.1 billion, increasing 21% year over year excluding the divested businesses, versus guidance of 18%-24%. Core revenue was up 8.2% year over year, similar to the 7.4% growth in the fourth quarter. The weak revenue growth was due to regulatory pressure on Baidu's customers' industries and the company's self-directed healthcare initiative. Baidu required healthcare marketing customers to move their ad landing pages onto its platform, causing disrup...
Underlying
Baidu Inc Sponsored ADR Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chelsey Tam

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