Baidu’s (NASDAQ:BIDU) shares declined over 7% intra-day today as the company revealed Q4 revenues that fell short of expectations. The company reported earnings per share (EPS) of RMB21.86, surpassing the consensus of RMB17.58. However, revenue stood at RMB34.95 billion, missing the Wall Street forecast of RMB35.14 billion.
The revenue from Baidu Core reached RMB27.49 billion, exceeding expectations of RMB27.31 billion, while revenue from its video streaming service iQIYI was RMB7.7 billion, below the expected RMB7.86 billion.
Baidu also reported monthly active users (MAUs) totaling 667 million, which was higher than the 658.74 million anticipated by analysts. Additionally, the non-GAAP operating margin for Baidu Core was reported at 23%.