New Street Research - Baidu Inc (9888) ... BIDU 2Q23 Preview: Nudging Down Our Street High Core Estimates

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New Street Research

Jin Yoon

BIDU 2Q23 Preview: Nudging Down Our Street High Core Estimates

What’s New: We nudge down our street high 2Q23 and 3Q23 Baidu Core estimates. While ads continue to recover on a sequential basis (in absolute terms), ad growth could decelerate in the month of Jun due to tougher comps.

Analysts:
Jin Yoon

13/07/2023 1 EN

Underlyings

Baidu Inc

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US0567521085 Singapore Exchange Cayman Islands

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Analysts

Jin Yoon

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UOB

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BIDU 2Q23 Preview: Nudging Down Our Street High Core Estimates

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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