Alibaba's quarterly profit grew 3.8-fold, revenue did not meet expectations

10:47 - 16.05.2025


May 16, Fineko/abc.az. Alibaba increased its net profit in the 4th quarter by 3.8 times up to 12.38 billion yuans ($1.7 billion).

ABC.AZ informs that adjusted earnings per share reached 1.57 yuans against 1.27 yuans a year earlier.

Income increased by 7% up to 236.5 billion yuans, but fell short of the projected 237.9 billion yuans.

* Taobao and Tmall -  9% growth up to 101.4 billion yuans

* International e-commerce (AliExpress, Lazada, etc.) - +22%, up to 33.6 billion

* Cloud services - +18%, up to 30.1 billion

The company bought back $11.9 billion worth of shares over the year and approved $4.6 billion in dividends. ADS securities lose 5.4% on the premarket in New York.