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Baidu Non-GAAP EPADS of $2.76 beats by $0.57, revenue of $4.37B beats by $30M

Seeking Alpha 16/05/2024 17:06

Baidu press release (NASDAQ:BIDU): Q1 Non-GAAP EPADS of $2.76 beats by $0.57.
Revenue of $4.37B (+1.0% Y/Y) beats by $30M.
"In the first quarter of 2024, Baidu Core's non-GAAP operating margin expanded both year-over-year and quarter-over-quarter to 23.5%. We have established a track record of consistently improving operational efficiency. In the coming quarters, we will execute on what is needed to optimize our operational efficiency in support of our AI enabled businesses and high-quality growth, and maintain a healthy non-GAAP operating margin," said Rong Luo, CFO of Baidu.

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