2021-08-13-百度-2021年第二季度百度营收（英）_13页_710kb

Baidu Q2 2021 Financial Results Summary

Announcement Date: August 12, 2021.
Key Speakers:

• Robin Li, Co-founder and CEO: Highlighted strong Baidu Core growth driven by AI business, emphasizing carbon neutrality goals.
• Herman Yu, CFO (now also CSO): Noted Baidu Core revenue growth and AI cloud expansion.

Financial Highlights:

• Total Revenue: Increased 20% year over year to RMB 31.4 billion ($4.86 billion).
• Baidu Core Revenue: Grew 27% year over year to RMB 24.0 billion ($3.72 billion).
• Adjusted EBITDA Margin (Baidu Core): 33% year over year.
• Net Loss: Attributable Baidu was RMB 0.6 billion ($90 million) due to fair value loss from investments.

CEO Statement: Baidu Core growth powered AI cloud, which increased 71% year over year, supporting business transformation and aiming for carbon neutrality by 2030. Baidu’s search and feed business performed well.

Key Growth Areas:

• AI Cloud: Ranked #1 in China markets; partnerships with Geely for private cloud and Fujian for water treatment optimization.
• Intelligent Driving: Accumulated 7.5 million autonomous driving test miles, expanded to 20 cities, with milestone deployment in smart V2X highways in Hebei Xiongan.
• iQIYI: Subscribers reached 106.2 million in June, supporting content production; other non-GAAP highlights.

Other Initiatives:

• Carbon neutrality: Baidu awarded for green data center in Yangquan.
• Shareholder returns under 2020 program: $566 million repurchased.
• Management transition: Herman Yu appointed CSO after serving as CFO.

Financial Guidance for Q3 2021: Revenue expected 8-19% year-over-year growth, contingent on market conditions.

Additional Notes:

• Free cash flow was healthy, supporting operational efficiency and investment.
• Future focuses on AI integration across industries and sustainability commitments.