New Street Research - Baidu Inc (9888) ... New Street: BIDU 4Q22 Results - OMS Recovery Looks to be Better Than Anticipated

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New Street Research

Jin Yoon

New Street: BIDU 4Q22 Results - OMS Recovery Looks to be Better Than Anticipated

What's new: Baidu’s reported 4Q22 results were above consensus and our expectations. OMS could return to positive YoY growth in 1Q driven by recovery in key verticals such as healthcare and business services, while rev and margin impact from generative AI applications could be limited in the near-term as the business model is still in the early stages. We maintain our PT at USD200.

Analysts:
Jin Yoon

24/02/2023 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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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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Analysts

Jin Yoon

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New Street: BIDU 4Q22 Results - OMS Recovery Looks to be Better Than Anticipated

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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