🔹 Revenue: ¥236.45B (Est. ¥237.91B) 🔴; +7% YoY
🔹 Adj EPS: ¥12.52 (Est. ¥12.81) 🔴; +23% YoY
Segment Revenue (Q4):
🔹 Taobao & Tmall Group: ¥101.37B; UP +9% YoY
• Customer Management Revenue: ¥71.08B; UP +12% YoY
• Direct Sales & Others: ¥24.50B; DOWN -1% YoY
🔹 Alibaba International Digital Commerce: ¥33.58B; UP +22% YoY
🔹 Retail: ¥27.60B; UP +24% YoY
🔹 Wholesale: ¥5.98B; UP +16% YoY
🔹 Cloud Intelligence Group: ¥30.13B; UP +18% YoY
🔹 Cainiao Logistics: ¥21.57B; DOWN -12% YoY
🔹 Local Services Group: ¥16.13B; UP +10% YoY
🔹 Digital Media & Entertainment: ¥5.55B; UP +12% YoY
🔹 All Others: ¥53.99B; UP +5% YoY
Segment EBITA (Q4):
🔹 Taobao & Tmall Group: ¥41.75B; UP +8% YoY
🔹 Alibaba International Digital Commerce: -¥3.57B; loss narrowed YoY
🔹 Cloud Intelligence Group: ¥2.42B; UP +69% YoY
🔹 Cainiao Logistics: -¥606M; loss narrowed YoY
🔹 Local Services: -¥2.32B; loss narrowed YoY
🔹 Digital Media & Entertainment: ¥36M profit vs. loss YoY
🔹 All Others: -¥2.54B; loss narrowed YoY
Other Key Metrics:
🔹 Adj. EBITDA: ¥41.78B; UP +36% YoY
🔹 Operating Income: ¥28.47B; UP +93% YoY
🔹 Net Income: ¥11.97B; UP +1203% YoY
🔹 Net Income Attributable to Shareholders: ¥12.38B; UP +279% YoY
🔹 Net Cash from Operating Activities: ¥27.52B; UP +18% YoY
🔹 Free Cash Flow: ¥3.74B; DOWN -76% YoY
Dividend and Shareholder Returns:
🔹 Total Share Repurchase FY25: $11.9B (5.1% net reduction in shares)
🔹 Declared Total Dividend: $2.00 per ADS (Regular $1.05 + Special $0.95)
🔹 Aggregate Payout: ~$4.6B
CEO Eddie Wu Commentary:
🔸 "Core business growth is accelerating, driven by AI adoption and strong cloud momentum. AI-related product revenue grew triple-digits for the 7th straight quarter."
CFO Toby Xu Commentary:
🔸 "We delivered 7% revenue growth and 36% EBITA growth. Share repurchases and special dividends reflect our commitment to shareholder value."
Cloud & AI Strategic Commentary:
🔸 Alibaba Cloud named Emerging Leader in all four GenAI categories by Gartner.
🔸 Launched Qwen3 open-source AI models, including MoE architectures for hybrid reasoning.
🔸 AI product revenue continues triple-digit YoY growth across verticals including retail, manufacturing, and media.