Financials Nov 20, 2020 12:46 PM (GMT+8) · EqualOcean
According to CMB international, baidu released a strong 3q20 performance, with revenue / earnings per share increasing by 0.5% / 61% year-on-year, higher than the consensus market expectation of 3% / 51%. 4q20 revenue guidance exceeded expectations by 3%. Baidu has reached an agreement with joy to buy YY live for $3.6 billion in cash. We are optimistic about the recovery of the company's advertising business, thanks to strong information flow and video penetration, as well as the increasing contribution of hosting page revenue. In addition, if implemented properly, the synergy effect of its artificial intelligence commercialization and acquisition of YY will bring further room for improvement.

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