SOGO - Potential Reasons Baidu Is Undervalued

August, 28 2019 10:17 AM Sogou Inc. American Depositary Shares each representing one Class A

Baidu’s Q2 Earnings: Much Better Than Expected

Baidu (NASDAQ: BIDU) delivered strong Q2 earnings beating expectations:

Source: Seeking Alpha

Baidu App DAUs reached 188 million, up 27% year over year, in-app search queries grew over 20% year over year and smart mini program MAUs reached 270 million, up 49% sequentially.
Revenues reached RMB 26.3 billion, growing 9% sequentially, and Baidu Core revenues growing 12% sequentially, despite the weak macro environment.
Net income attributable to Baidu was RMB 2.4 billion ($351 million), and net margin was 9%. Net income attributable to Baidu Core was RMB

Company Name:	Sogou Inc. American Depositary Shares each representing one Class A
Stock Symbol:	SOGO
Market:	NYSE
Website:	sogou.com