Sina Technology News On the afternoon of August 30, Beijing time, Baidu (NASDAQ: Bidu) released the financial report of the second quarter of 2022 as of June 30. The financial report shows that the total revenue of Baidu in the second quarter was 29.6 billion yuan (about 4.43 billion US dollars), a 5%decline compared to the same period last year. The net profit attributable to Baidu was 3.6 billion yuan (about 543 million US dollars), and the net profit of the "Baidu core" in the second quarter was 3.7 billion yuan (about 555 million US dollars). Not in accordance with Non-GAAP (NON-GAAP), the net profit attributable to Baidu is 5.5 billion yuan (about 827 million US dollars), and the net profit of the second quarter of the "Baidu core" is 5.4 billion yuan (about 814 million US dollars) Essence
Operating performance in the second quarter:
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In the second quarter, the total number of members of iQiyi subscribed to 98 million members, compared to 99 million in the second quarter of 2021, and 101 million in the first quarter of 2022.
Financial performance in the second quarter:
The total revenue was 29.6 billion yuan (about 4.43 billion U.S. dollars), a 5%decrease from the same period last year.
Baidu's revenue from the "Baidu core" in the second quarter reached 23.2 billion yuan (about 3.46 billion US dollars), a 4%decline from the same period last year.
The online marketing revenue was 17.1 billion yuan (about 2.55 billion US dollars), a decrease of 10%year -on -year. Non -network marketing revenue was 6.1 billion yuan (about 906 million US dollars), a year -on -year increase of 22%.
The revenue from iQiyi was 6.7 billion yuan (about 994 million US dollars), a year -on -year decrease of 13%.
The revenue cost was 15.2 billion yuan (about 2.27 billion US dollars), a 5%decline from the same period last year.
Sales, general affairs and administrative expenditures were 4.8 billion yuan (about 714 million US dollars), a year -on -year decrease of 16%.
R & D expenditure was 63.6 billion yuan (about 939 million US dollars), which was basically the same as the same period last year.
Operating profit was 3.4 billion yuan (about $ 508 million). In the second quarter of the "Baidu core", operating profit was 3.2 billion yuan (about 485 million US dollars), and the operating profit margin was 14%.
In accordance with the U.S. GM Accounting Guidelines, operating profits are 5.5 billion yuan (about 820 million US dollars). In the second quarter of the "Baidu Core", operating profit was 5.1 billion yuan (about 765 million US dollars), and the operating profit margin was 22%.
Other net income was 151 million yuan (about 23 million US dollars), while other losses in the same period last year were 2.4 billion yuan.
The income tax expenditure was 25 million yuan (about 4 million US dollars), a year -on -year decrease of 99%.
The net profit attributable to Baidu was 3.6 billion yuan (about 543 million US dollars), and the diluted income of US depository (ADS) per share was 9.97 yuan (about 1.49 US dollars). The net profit of the "Baidu Core" in the second quarter was 3.7 billion yuan (about 555 million US dollars).
Not in accordance with Non-GAAP (NON-GAAP), the net profit attributable to Baidu is 5.5 billion yuan (about 827 million US dollars), and the diluted income of US deposit stocks (ADS) per share is 15.79 yuan (about $ 2.36). The net profit of the "Baidu Core" in the second quarter was 5.4 billion yuan (about 814 million US dollars).
Without the United States GM Accounting Standard, the adjusted EBITDA (profit tax depreciation and amortization) was 7.1 billion yuan (about 1.05 billion U.S. dollars), and the adjusted EBITDA profit margin was 24%. The "Baidu Core" adjustment EBITDA was 66.1 billion yuan (about 985 million US dollars), and the adjusted EBITDA profit margin was 28%.
As of June 30, 2022, the total value of cash, cash equivalents, restricted cash and short -term investment held by Baidu was 189.4 billion yuan (about 28.28 billion US dollars). If iQiyi is excluded, as of June 30, 2022, Baidu held cash, cash equivalent, restricted cash and short -term investment value of 1845.8 billion yuan (about 27.55 billion US dollars).
Free cash flow is 5.5 billion yuan (about 823 million US dollars); excluding iQiyi, free cash flow is 5.5 billion yuan (about 826 million US dollars).
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