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The revenue of 4q20 is 30.3 billion yuan, and the revenue of 2020 is 107.1 billion yuan From Baidu

The following is the The revenue of 4q20 is 30.3 billion yuan, and the revenue of 2020 is 107.1 billion yuan From Baidu recommended by recordtrend.com. And this article belongs to the classification: cloud computing, artificial intelligence, Enterprise financial report, Mobile phone browser.

On February 18, 2021, baidu (NASDAQ: BIDU) released its unaudited financial report for the fourth quarter and the whole year ending December 31, 2020 after hours on February 17, US Eastern time. In the fourth quarter, baidu achieved revenue of 30.3 billion yuan and net profit (non US GAAP) attributable to Baidu reached 6.9 billion yuan, exceeding market expectations for four consecutive quarters. In 2020, Baidu’s revenue is 107.1 billion yuan, and its net profit (non US GAAP) is 22 billion yuan.

Driven by the beautiful financial data, Baidu’s share price rose 3.07% after hours as of press release.

In the fourth quarter of 2020, baidu core rebounded strongly, achieving revenue of 23.1 billion yuan, a month on month growth of 8%, far higher than the month on month growth performance in the same period of previous years. Among them, non advertising revenue was 4.2 billion yuan, up 52% year on year. AI new business represented by intelligent cloud, intelligent driving and other cutting-edge business has become a new engine driving Baidu’s medium and long-term growth.

In 2020, Baidu’s core R & D expenses will account for 21.4% of its revenue. At present, baidu AI open platform has gathered 2.65 million developers, becoming China’s leading software and hardware integrated AI production platform.

In the fourth quarter, Baidu Intelligent Cloud revenue grew by 67% compared to the same period last year, compared with the two or three quarter. To further enhance the strength of Baidu’s Intelligent Cloud Computing, Baidu’s 2 Kunlun chip will soon be mass-produced and will be deployed in search, industrial Internet, intelligent transportation and other business areas.

2020 is the eighth year of Baidu’s layout of intelligent driving. Baidu Apollo’s strategy of “climbing Mount Everest and laying eggs along the way” continues to be realized. Financial reports show that Baidu has made a breakthrough in intelligent driving technology. As of December 2020, Baidu has obtained 199 test licenses in China. In addition, according to the “road test report of Beijing autonomous driving vehicles (2020)”, baidu won three consecutive titles in the number of test vehicles and test mileage.

On January 11, baidu announced the formal establishment of a smart car company. Under the wave of intelligent automobile, baidu enters the automobile industry as a vehicle manufacturer, and has unique advantages in intelligent driving and intelligent transportation.

Xiaodu assistant is another frontier business of Baidu in the intelligent era. In the fourth quarter, the small assistant’s strategy of “breaking the circle” achieved remarkable results. In December, the total number of monthly voice interaction of small assistant reached 6.2 billion, and the number of monthly voice interaction of the first party hardware of small assistant reached 3.7 billion, an increase of 66% over the same period last year.

In terms of mobile ecological basic disk, baidu app data, as a top product, is still strong. In December 2020, the number of monthly active users of Baidu app reached 544 million, with daily login users accounting for more than 70%, up 18 percentage points year on year.

In December, the number of creators of Baijia reached 3.8 million, of which the number of original authors was nearly three times that of a year ago; the number of monthly active users of Baidu’s smart apps reached 414 million (including open source apps), and the number of smart apps increased by 124% year-on-year; more than 300000 hosting page customers adopted Baidu’s marketing cloud service platform, and the revenue from hosting page accounted for an increasing proportion of Baidu’s core online marketing service revenue Step up to one third.

In terms of live broadcasting, baidu is preparing to conduct in-depth integration with video social media YY live. In the future, baidu mobile ecology will continue to develop in depth in its business model, deeply cultivate core vertical categories such as e-commerce and health, and expand its diversified cashing potential.

In the financial report, baidu forecasted the performance of the next quarter: it is estimated that in the first quarter of 2021, Baidu’s total revenue will be between 26 billion yuan and 28.5 billion yuan, with a year-on-year growth of 15% to 26%, and Baidu’s core revenue will grow by 26% to 39% (the guideline does not include the potential contribution brought by the acquisition of YY).

Baidu: 3q20 net profit of US $2.015 billion Alphabet:1Q20 First quarter revenue 41.159 billion US dollars, up 13% year on year Baidu: 1q20 revenue 22.5 billion yuan, exceeding market expectations Year on year growth of 187% Baidu: 2q20 financial report teleconference record Baidu zero tolerance of fraud Google parent company alpha: 2q20 net profit of $6.959 billion year on year decrease of 30% Google parent company: 4q20 teleconference record with the recovery of user activities, advertising investment is also slowly recovering alpha: 1q20 financial report teleconference record is still recruiting new employees But the speed slows down. Alpha: 4q20’s revenue is 56.898 billion US dollars, a year-on-year increase of 23%. Microsoft: 3q20’s financial report teleconference record moving to “cloud” will be an inevitable trend in the future. Sogou: 2q20’s total revenue is 261.2 million US dollars, mobile version daily life exceeds 480 million US dollars, Sogou: 1q20’s revenue is 1.79 billion yuan Increase by 5% year on year

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