New Street Research - Baidu Inc (9888) ... BIDU 1Q23 Results: OMS Momentum Continues to Build

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New Street Research

Jin Yoon

BIDU 1Q23 Results: OMS Momentum Continues to Build

What's new: Baidu’s reported 1Q23 results were above consensus and our expectations. OMS could grow by double digits on a YoY basis in 2Q driven by continued recovery in key verticals such as health care, travel, and local services, while margins could remain at a healthy level in 2Q. We maintain our PT at USD200.

Analysts:
Jin Yoon

18/05/2023 1 EN

Underlyings

Baidu Inc

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Baidu Inc Sponsored ADR Class A

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US0567521085 Singapore Exchange Cayman Islands

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Analysts

Jin Yoon

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BIDU 1Q23 Results: OMS Momentum Continues to Build

Ride-sharing & Delivery: Lower prices fuel accelerating volumes

BIDU 1Q25 Results: Restructuring of AI Search to Put Pressure on Ad Revs in the Next Few Quarters

Baidu Inc (9888 HK): 1Q25: Solid earnings beat; fuelled by AI cloud growth and monetisation visibility.

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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