Inside $BABA’s fiscal Q1: AI Cloud generated $830M in adjusted EBITA, while AI Labs posted a $2.04B loss on the same basis.
Revenue edged past estimates, but non-GAAP net income missed by nearly 20%.
How long before cloud profits can fund the rest of Alibaba’s AI bet?
#AI
$BIDU ’s Q2 results told two different stories.
Revenue of RMB 31.33 billion and non-GAAP diluted earnings per ADS of RMB 7.22 missed estimates.
Non-GAAP operating income of RMB 3.79 billion and adjusted EBITDA of RMB 6.15 billion beat expectations.
Which side of the quarter matters more for $BIDU ?
#Earnings