Baidu Inc (BIDU): Solid Mobile Search Growth To Drive Revenue

Baidu Inc (BIDU): Solid Mobile Search Growth To Drive Revenue

Baidu Inc (ADR) (NASDAQ:BIDU) is set to report its fiscal fourth quarter and full year 2013 results on February 26, 2014 after the U.S. market close. Jefferies analysts Cynthia Meng, Karen Chan and Nick Wang write in a research note that they expect the Chinese search engine company to post solid fourth quarter results.

Baidu’s Q4 margins under pressure due to 91 Wireless integration

Jefferies expects Baidu Inc (ADR) (NASDAQ:BIDU)’s Q4 revenues to jump 49.2% YoY to 9.45 billion yuan, which is 1.8% above the Wall Street consensus. However, its non-GAAP net profit is expected to plunge 2.9% YoY to 2.8 billion yuan. That’s because profit margins are likely to be affected by the integration of 91 Wireless. The company purchased 91 Wireless from NetDragon WebSoft for $1.9 billion. The acquisition of 91 Wireless would make it the second biggest app store in Chain with 16.7% market share.

RV Capital 1H22 Letter to Co-Investors in Business Owner