$百度(BIDU)$ 大家很快会发现百度的业绩增速一点都不比AT差，然而估值低一半都不止。
Second Quarter 2018 Financial Highlights
Total revenues were RMB 26.0 billion ($3.93 billion), increasing 32% year over year. Mobile revenue represented 77% of total net revenues, compared to 72% for the second quarter of 2017. Total revenues of Baidu Core were RMB 20.0 billion ($3.03 billion), increasing 28% year over year.Operating income was RMB 5.4 billion ($819 million), increasing 29% year over year. Operating margin was 21%, similar to the second quarter of 2017.Non-GAAP operating income was RMB 6.5 billion ($988 million), increasing 31% year over year. Non-GAAP operating margin reached 25%, similar to the second quarter of 2017. Non-GAAP operating income of Baidu Core, excluding iQIYI, was RMB 7.8 billion ($1.17 billion), increasing 32% year over year. Non-GAAP operating margin of Baidu Core, excluding iQIYI, was 39%, compared to 38% for the second quarter of 2017.Net income attributable to Baidu was RMB 6.4 billion ($967 million), and diluted earnings attributable to Baidu per ADS was RMB 18 ($2.74). Non-GAAP net income attributable to Baidu[3] was RMB 7.4 billion ($1.12 billion) and non-GAAP diluted earnings per ADS[4] was RMB 21 ($3.18).Adjusted EBITDA was RMB 7.4 billion ($1.12 billion), or 29% of total revenues.