New Street Research - Baidu Inc (9888) ... BIDU 3Q23 Preview: Nudging Down Estimates on Challenging Demand Environment

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New Street Research

Jin Yoon

BIDU 3Q23 Preview: Nudging Down Estimates on Challenging Demand Environment

What’s New: We nudge down our 3Q23 Baidu Core estimates as ad demand recovery could be slower than our expectations, while AI cloud could continue to be impacted by slowdown in Smart Transportation segment.

Analysts:
Jin Yoon

19/10/2023 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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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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BIDU 3Q23 Preview: Nudging Down Estimates on Challenging Demand Environment

BIDU 1Q24 Preview: Ad Recovery Could Take Time

China Internet: Rewarding shareholders in 2023; emerging strategic growth prospects in 2024.

BIDU 4Q23 Results: Visibility Remains Limited

Further thoughts on a potential USM acquisition

NSR Policy Quick Hit: ACP Amendment to FAA Fails to Launch, but a New Path Emerges

NSR Policy: How will Government Review a TMUS/VZ Purchase of US Cellular?

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