Similar companies
| Company | Revenue | |
|---|---|---|
 |
SnapSNAP |
1.24B 3.9% |
 |
MetaMETA |
39.1B 7.2% |
 |
Match GroupMTCH |
864M 0.5% |
 |
NetEaseNTES |
25.5B 0% |
 |
84.7B 5.4% | |
Income Statement (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 33.9B | 0% |
| Gross Profit | 17.5B | 0% |
| Cost of Revenue | 16.4B | 0% |
| Operating expense | 11.6B | 0% |
| Net Income | 5.49B | 0% |
| EBITDA | 7.46B | 2.3% |
Balance Sheet (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 416B | 0% |
| Total Liabilities | 143B | 0% |
| Total Equity | 253B | 0% |
| Shares Outstanding | 351M | 0.4% |
Cash Flow (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 8.38B | 263.7% |
| Cash from financing | -9.08B | 141.3% |
Financial Highlights for Baidu in Q2 '24
Baidu reported a revenue of 33.9B, which is a 0% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 17.5B, marking a 0% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16.4B, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 11.6B, showing a 0% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 5.49B, showing a 0% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 7.46B, showing a -2.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
The company's performance remained stable this quarter with no significant positive or negative changes in the key financial metrics. A decline in EBITDA signals potential operational challenges or increased costs.
