金吾财讯 | 百度集团(09888)股价受压，截至发稿，跌3.22%，报90.3港元，成交额2.79亿港元。消息面上，交银国际研报指，百度持续提升AI搜索内容占比，预计2季度将超过50%，商业化尝试仍在初步阶段，搜索广告承压，叠加YY并表相关广告收入内部抵消影响，该机构预计2-3季度广告收入同比下降16%/16%，4季度降幅或有所缓和，但仍有不确定性。预计云业务2季度收入同比增26%，订阅制收入稳定增长，项目制季度间有所波动。该机构指，广告业务运营利润率高于其他业务且占比有所下降，对百度核心利润造成拖累。自动驾驶 UE 持续改善，并与Uber达成合作，计划部署数千辆萝卜快跑无人驾驶车，在中东和亚洲首先投入运营。该机构预计2季度百度核心营运利润40亿元人民币，对应利润率15.6%， 2025年营运利润率或较此前预测下调1.6ppts至16.2%。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.