Insight Report 3 minutes PremiumBIDU 1Q18 Results: Revenue Improved on iQiYi’s Business, Rapid Development in AI Coresight Research April 30, 2018 Executive Summary Baidu reported 1Q18 non-GAAP diluted earnings per ADS of ¥16.3, up from ¥6.86 in 1Q17. Revenues for the quarter reached ¥20.9 billion, up 31% year over year. The company has been a pioneer in artificial intelligence (AI), helping the government to develop an AI-based smart city and forming partnerships with leading auto manufacturers in China to develop autonomous driving. Management expects the top-line for 2Q18 to be in the range of ¥24.91–¥26.19 billion, representing a year-over-year increase of 26%–33%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: VIP Awards 2023 Preview: Celebrating Community and Partnership in RetailMay 2023 US Housing Market Indicators: Sharp Rise in New Home SalesWeekly US and UK Store Openings and Closures Tracker 2023, Week 14: Harbor Freight Tools and Urban Outfitters Drive US OpeningsAugust 2023 US Retail Sales: Consistent Consumer Spending Drives Moderate Sales Growth
