6-K
BAIDU, INC. filed this Form 6-K on 04/28/2017
Entire Document
 


As of March 31, 2017, the Company had cash, cash equivalents and short-term investments of RMB90.678 billion ($13.174 billion). Net operating cash inflow for the first quarter of 2017 was RMB4.704 billion ($683.3 million). Capital expenditures for the first quarter of 2017 were RMB1.168 billion ($169.6 million).

Adjusted EBITDA was RMB3.626 billion ($526.8 million) for the first quarter of 2017, representing a 4.9% increase from the corresponding period in 2016.

Outlook for Second Quarter 2017

Baidu currently expects to generate total revenues in an amount ranging from RMB20.470 billion ($2.974 billion) to RMB20.980 billion ($3.048 billion) for the second quarter of 2017, representing an annual increase of 12.1% to 14.9% and a sequential increase of 21.2% to 24.2%. This forecast reflects Baidu’s current and preliminary view, which is subject to change.

Conference Call Information

Baidu’s management will hold an earnings conference call at 8:00 PM on April 27, 2017, U.S. Eastern Time (8:00 AM on April 28, 2017, Beijing/Hong Kong Time).

Dial-in details for the earnings conference call are as follows:

 

International:    +65 67135090
China:    4006208038
US:    +1 8456750437
UK:    +44 2036214779
Hong Kong:    +852 30186771
Passcode for all regions:    4226874

A replay of the conference call may be accessed by phone at the following number until May 5, 2017:

 

International:    +61 2 8199 0299
Passcode:    4226874

Additionally, a live and archived webcast of this conference call will be available at http://ir.baidu.com.

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best and most equitable way for people to find what they’re looking for. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.