Flash ReportBAIDU [BIDU] 3Q16 RESULTS: REVENUE DECLINES, BUT EARNINGS BEAT ON COST SAVINGS Coresight Research October 31, 2016 Executive Summary Baidu reported 3Q16 non-GAAP diluted EPS of US$49, ahead of the US$1.08 consensus estimate and up 6.9% year over year. Revenues were US$2.74 billion, down 0.7% year over year and in line with estimates. Baidu’s gross merchandise value totaled ¥19.4 billion (US$2.9 billion) for 3Q16, an increase of 49% year over year. Mobile search monthly active users (MAU) and mobile maps MAUs for the month of September 2016 were up 3% YoY and 7% year over year, Management guided for 4Q16 total revenues of ¥17.84–¥18.38 billion (US$2.68–US$2.76 billion), representing a 1.7–4.6% year-over-year decrease. 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: Agentic Commerce—Google’s Universal Commerce Protocol Invokes “Multiplayer Mode”High-Income Consumers’ Sentiment Soars Ahead; Plus, Home and Home-Improvement Shopping in Focus: US Consumer Survey InsightsRetail-Tech Landscape: Retail MediaAnalyst Corner: US Mass Merchandisers, Warehouse Clubs and Discount Stores—Target in Transition as Dollar Stores and Clubs Surge Ahead, With Sujeet Naik
