Pinwan, August 30, Baidu released its financial report for the second quarter of 2022: revenue was 29.647 billion yuan, market expectations were 29.411 billion yuan, and 31.35 billion yuan in the same period last year, a year-on-year decrease of 5% and a month-on-month increase of 4%; net profit was 3.637 billion yuan , turned losses into profits year-on-year; net profit attributable to Baidu (non-GAAP) reached 5.541 billion yuan, an increase of 3% year-on-year and a month-on-month increase of 43%.
Among them, Baidu’s core business revenue was 23.2 billion yuan, down 4% year-on-year; online marketing business was 17.1 billion yuan, down 10% year-on-year; non-online marketing business revenue was 6.1 billion yuan, up 22% year-on-year, mainly driven by cloud and AI-related businesses . Revenue from iQiyi was 6.7 billion yuan, down 13% year-on-year.
Baidu Smart Cloud revenue maintained its growth momentum, with revenue increasing by 31% year-on-year and 10% month-on-month, again leading the industry in growth rate. In the field of AI public cloud, according to the IDC report, Baidu Smart Cloud ranked first in the AI public cloud service market share for the sixth time in a row.
In the field of intelligent transportation, as of the end of the second quarter, the Baidu ACE intelligent transportation solution has been adopted by 51 cities, and the coverage has continued to increase compared with the 20 cities a year ago.
In terms of autonomous driving, Baidu’s self-driving travel service platform, Carrot Run, continued to expand its operation scale. In the second quarter, it provided 287,000 rides, a year-on-year increase of nearly 500%. As of July 20, 2022, the cumulative order volume of Carrot Run has reached 1 million, making it the world’s largest autonomous driving travel service provider.
In terms of mobile ecology, the user scale of Baidu App has grown steadily. In June, the number of monthly active users of Baidu App reached 628 million, an increase of 8% year-on-year, and the daily login users accounted for 84%.
In terms of Xiaodu, according to the latest reports from authoritative data agencies IDC and Canalys , Xiaodu ranked first in China’s smart speaker shipments in the first quarter of 2022 .
media coverage
Titanium Media Play NetEase News Investment 36Kr TechWeb 36Kr
event tracking
- 2022-08-30Baidu’s Q2 net profit increased by 43% month-on-month, and intelligent cloud revenue increased by 31% year-on-year
- 2022-05-26Baidu ‘s revenue in the first quarter was 28.4 billion yuan and net profit of 3.879 billion yuan exceeded market expectations
- 2022-03-01Baidu Smart Cloud’s 2021 revenue of 15.1 billion yuan increased by 64% year-on-year
- 2022-03-01Baidu ‘s revenue in 2021 is 124.5 billion yuan, and core non-advertising revenue will increase by 71% year-on-year
- 2021-11-17Baidu released its third quarter financial report: total revenue of 31.9 billion yuan, net profit of 5.09 billion yuan
This article is reprinted from: https://readhub.cn/topic/8iU4QjTKLcW
This site is for inclusion only, and the copyright belongs to the original author.