百度集团-SW(09888) - 2024 Q3 - 季度业绩

Financial Performance - Total revenue for Q3 2024 was RMB 33.6 billion (USD 4.78 billion), a decrease of 3% year-over-year[18] - Baidu Core revenue was RMB 26.5 billion (USD 3.78 billion), remaining flat compared to the previous year; online marketing revenue was RMB 18.8 billion (USD 2.68 billion), down 4% year-over-year[18] - iQIYI's revenue was RMB 7.2 billion ($1.03 billion), a year-over-year decrease of 10$844 million), with a core operating profit of RMB 5.7 billion ($811 million) and a core operating profit margin of 21$1.09 billion), with a diluted earnings per American Depositary Share of RMB 21.60 ($3.08)[20] - Adjusted EBITDA was RMB 8.7 billion ($1.24 billion) with an adjusted EBITDA margin of 26%[20] - Operating profit for the same quarter was RMB 6,274 million, representing a margin of approximately 18.2%[34] - The net profit attributable to Baidu for the same period was RMB 6,956 million, reflecting an 18% decline year-over-year and a 22% increase quarter-over-quarter[44] Cash Flow and Assets - As of September 30, 2024, cash, cash equivalents, restricted cash, and short-term investments totaled RMB 144.5 billion ($20.59 billion)[22] - Free cash flow was RMB 2.6 billion ($376 million), excluding iQIYI, free cash flow was RMB 2.4 billion ($342 million)[22] - Cash and cash equivalents increased to RMB 28,682 million as of September 30, 2024, up from RMB 25,231 million at the end of 2023[38] - Total assets reached RMB 417,316 million as of September 30, 2024, an increase from RMB 406,759 million at the end of 2023[38] Research and Development - Research and development expenses amounted to RMB 6,101 million, which is a 3.6$839 million) with a non-GAAP net profit margin of 21%[20] - Basic earnings per American Depositary Share (ADS) for the quarter was RMB 18.45, compared to RMB 15.11 in the previous quarter, reflecting a growth of 22.5%[36]