Company Earnings UpdateBaidu (BIDU) 2Q18 Results: Modest Revenue Growth, DuerOS Sees Bigger Installation Base Coresight Research August 3, 2018 Executive Summary Baidu reported 2Q18 non-GAAP diluted earnings per ADS of ¥21.06, up from ¥13.58 in 2Q17. Revenues for the quarter reached ¥26.0 billion ($3.93 billion), up 24.4% year over year. The Baidu app reached 148 million daily active users in 2Q18, an increase of 17% year over year. The DuerOS installation base reached 90 million devices and voice queries surpassed 400 million. Management expects the topline for 3Q18 to be in the range of ¥37–¥28.77 billion ($4.02–$4.23 billion), representing a year-over-year increase of 23%–30%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKHoliday 2024: US Retail Wrap-Up—Apparel and Amazon Dominate SpendingWeekly US Store Openings and Closures Tracker 2025, Week 45: Bed Bath & Beyond Home Continues To Open StoresUS Tariffs: Three Actions for Risk Mitigation and Long-Term Positioning
