$BABA (+4,21 %) | Alibaba Q1'24 Earnings Highlights:

🔹 Adj EPADS: ¥16.44 (Est. ¥15.00) 🟢; DOWN -5% YoY

🔹 Revenue: ¥243.24B (Est. ¥249.85B) 🔴; UP +4% YoY

🔹 Adj EBITDA: ¥51.16B (Est. ¥47.52B) 🟢; DOWN -2% YoY

🔹 Cloud Intelligence Group Revenue: ¥26.55B; UP +6% YoY

Taobao and Tmall Group Revenue:

🔸 China Commerce Retail: ¥107.42B; DOWN -2% YoY

🔸 Customer Management: ¥80.12B; UP +1% YoY

🔸 Direct Sales and Others: ¥27.31B; DOWN -9% YoY

🔸 China Commerce Wholesale: ¥5.95B; UP +16% YoY

🔸 Adjusted EBITA: ¥48.81B; DOWN -1% YoY

Cloud Intelligence Group:

🔸 Revenue: ¥26.55B; UP +6% YoY

🔸 Adjusted EBITA: ¥2.34B; UP +155% YoY

AIDC Revenue:

🔸 International Commerce Retail: ¥23.69B; UP +38% YoY

🔸 International Commerce Wholesale: ¥5.60B; UP +12% YoY

🔸 Adjusted EBITA: Loss of ¥3.71B; Deeper Loss YoY

Cainiao Smart Logistics Network Limited:

🔸 Revenue: ¥26.81B; UP +16% YoY

🔸 Adjusted EBITA: ¥618M; DOWN -30% YoY

Local Services Group:

🔸 Revenue: ¥16.23B; UP +12% YoY

🔸 Adjusted EBITA: Loss of ¥386M; Narrower Loss YoY

Digital Media and Entertainment Group:

🔸 Revenue: ¥5.58B; UP +4% YoY

🔸 Adjusted EBITA: Loss of ¥103M; Declined YoY

Other Metrics:

🔸 Net Income: ¥24.27B; DOWN -27% YoY

🔸 Net Cash Provided by Operating Activities: ¥33.64B; DOWN -26% YoY

🔸 Free Cash Flow: ¥17.37B; DOWN -56% YoY

CEO Eddie Wu's Commentary:

🔹 "Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilizing market share of Taobao and Tmall Group as we returned the business on the growth trajectory. The cloud business achieved positive revenue growth momentum, driven by public cloud and AI-related product adoption as we continue to invest to maintain our market leadership."

CFO Toby Xu's Insight:

🔹 "We continued to invest for growth in our core businesses while reducing losses in other business units through operating efficiency. We maintained the integrity of our margins and delivered consistent adjusted EBITA. We also returned significant value to shareholders, repurchasing US$5.8 billion worth of shares."

Cloud Intelligence Group Performance:

🔸 "The cloud business saw positive momentum, with notable growth driven by public cloud and AI-related products. AI product revenue grew at triple-digit rates YoY."

International Digital Commerce Growth:

🔸 "Strong performance in AIDC, particularly with AliExpress and Trendyol, driving significant growth in cross-border businesses."