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Baidu released Q1 financial report: revenue of 22.5 billion yuan exceeded expectations

via:驱动之家     time:2020/5/19 14:32:54     readed:889

On May 19, Beijing time, baidu (NASDAQ: BIDU) released its unaudited financial report for the first quarter of 2020. Based on the novel coronavirus pneumonia epidemic situation, it provides users with important and reliable information and knowledge, and uses Baidu's leading AI capability to help governments, communities and families cope with the challenges of the epidemic and fully promote the comprehensive recovery of social economy. Baidu has achieved steady growth in performance. According to the financial report, Baidu's revenue in the first quarter was 22.5 billion yuan, and its net profit (non GAAP) was 3.1 billion yuan, up 219% year on year.

Novel coronavirus pneumonia affected many challenges in the first quarter. Baidu still handed over a lot of performance reports: Baidu's core performance was strong, its revenue was 15 billion 300 million yuan, and its profit before adjusting tax depreciation and amortization reached 4 billion 600 million yuan, up 38% over the same period last year. Mobile ecology continued to consolidate, and AI's new business was in a big break in the epidemic test, and the small assistant, Apollo and Smart cloud has achieved healthy growth.

Baidu chairman and CEO Li Yanhong said:

Baidu CFO Yu Zhengjun said:

Solid mobile ecological foundation, strong growth in traffic duration

During the first quarter, baidu App continuously provided authoritative information on the new crown pneumonia epidemic, with an average of more than 1 billion people per day through baidu to understand the epidemic, driving baidu App traffic and user time growth. Baidu's number of active users reached 222 million on March App, up 28 percent from a year earlier, while on the App side grew 45 percent from a year earlier, and the number of users of the information stream grew 51 percent from a year earlier. user behavior from browser search to ai-based App search has a positive impact on baidu's long-term growth. At the same time, strong flow growth also means increased liquidity potential.

Baidu actively promotes the strategy of Baidu App end to end search and enhance the mobile ecosystem, so that more users can use Baidu to obtain important and reliable information. For example, during the epidemic, baidu Health asked doctors to provide tens of millions of online health consulting services, becoming the first entrance of Chinese online health consulting.

Baidu app's overall data is stable and upward, and the three pillars of the long-standing Baijia account, smart app and hosting page also maintain a high growth trend: the number of creators of Baijia account has exceeded 3 million, a year-on-year increase of 44%; the number of monthly active users of Baidu smart app has reached three point five four Billion yuan, up 96% year on year. The three pillars of Baidu mobile ecosystem and knowledge products, automobile, finance, education and other vertical categories complement each other. Search and information flow are distributed by two engines, and Baidu mobile ecosystem continues to develop in depth. In addition, the focus of the live broadcast business, baidu series products, and the realization of the transition from the information entrance to the service interface, baidu mobile ecosystem as a whole has gradually become a fist.

Anti epidemic, accelerating AI landing, new AI business will break through

The first quarter, the new crown outbreak suddenly broke out, so that Baidu AI services accelerated landing, AI anti-epidemic show positive social value. For example, more than 100 Apollo unmanned vehicles are rapidly deployed in 17 cities, such as Wuhan, Beijing, Shanghai, Shenzhen and Xiamen, to provide services such as drugs, masks and food transportation, and unmanned body temperature detection, disinfection, etc. More than 20 local governments and communities across the country make calls to residents through Baidu's intelligent external call platform to understand residents' living and travel conditions. Officially put in two months, the total number of external calls is more than 3 million, equivalent to about 1000 full-time employees a month of work.

During the outbreak, baidu donated about 20000 small home smart screens to front-line medical staff and their families, so that medical staff can easily have video conversations with their families and reduce the risk of infection. They also work with online educational institutions to provide educational resources for children during school closures. In March, the number of voice interactions of Xiaodu assistant on Xiaodu first party devices reached 3.3 billion, nearly five times that of the same period last year. The total number of small assistant voice interactions reached 6.5 billion, nearly three times that of the same period last year. Sales of small-scale intelligent devices also showed strong growth. According to the research of IDC, strategy analytics and canalys, the number of small screen smart speakers shipped in 2019 is the first in the world. Under the trend of year-on-year decline in smartphone shipments, China's smart speaker Market shipments reached 45.89 million in 2019, up 109.7% year-on-year. Smart speakers are becoming a new and important Internet portal.

To accelerate economic recovery and sustainable growth, the Government is pushing

Driven by Xiaodu assistant, Apollo and Intelligent Cloud troika, Baidu's head geese effect in the field of artificial intelligence is constantly emerging, and new AI business is also becoming Baidu's strong growth engine.

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