$BABA (-2,95%)
| Alibaba Q3 FY24 Earnings Highlights

🔹 EPS: 🟢15.06 (Est. 🟢14.79) 🟢

🔹 Total Revenue: ¥236.50B (Est. ¥239.45B) 🔴; UP +5% YoY

🔹 Gross Margin: 39.1% (Est. 38.1%) 🟢

Q3 SEGMENTS:

Taobao and Tmall Group

🔸 Revenue: ¥98.99B (Est. ¥98.22B) 🟡; UP +1% YoY

🔹 Adjusted EBITA: ¥44.59B (Est. ¥45.62B) 🔴; DOWN -5% YoY

China Commerce Retail Revenue:

🔹 Customer Management: ¥70.36B; UP +2% YoY

🔹 Direct Sales and Others: ¥22.64B; DOWN -5% YoY

Alibaba International Digital Commerce Group

🔸 Revenue: ¥31.67B (Est. ¥30.92B) 🟢; UP +29% YoY

🔹 Adjusted EBITA: -¥2.91B (Est. -¥3.67B) 🟢; WIDENED LOSS YoY

🔹 International Commerce Retail Revenue: ¥25.62B; UP +35% YoY

🔹 International Commerce Wholesale Revenue: ¥6.05B; UP +9% YoY

Cloud Intelligence Group

🔸 Revenue: ¥29.61B (Est. ¥29.52B) 🟡; UP +7% YoY

🔹 Driven by double-digit growth in public cloud products and triple-digit growth in AI-related products

🔹 Adjusted EBITA: ¥2.66B (Est. ¥2.21B) 🟢; UP +89% YoY

Cainiao Smart Logistics Network Limited

🔸 Revenue: ¥24.65B (Est. ¥26.85B) 🔴; UP +8% YoY

🔹 Adjusted EBITA: ¥55M (Est. ¥240.4M) 🔴; DOWN -94% YoY

Local Services Group

🔸 Revenue: ¥17.73B (Est. ¥17.37B) 🟡; UP +14% YoY

🔹 Adjusted EBITA: -¥391M (Est. -¥821.8M) 🟢; LOSS NARROWED YoY

Digital Media and Entertainment Group

🔸 Revenue: ¥5.69B (Est. ¥6.21B) 🔴; DOWN -1% YoY

🔹 Adjusted EBITA: -¥178M (Est. -¥268.9M) 🟢; LOSS NARROWED YoY

All Others Segment

🔸 Revenue: ¥52.18B (Est. ¥48.06B) 🟢; UP +9% YoY

🔹 Adjusted EBITA: -¥1.58B (Est. -¥1.58B) 🟡

Profitability

🔹 Income from Operations: ¥35.25B; UP +5% YoY

🔹 Adjusted EBITDA: ¥47.33B (Est. ¥47.37B) 🟡; DOWN -4% YoY

🔹 Adjusted EBITA: ¥40.56B (Est. ¥40.48B) 🟡; DOWN -5% YoY

🔹 Non-GAAP Net Income: ¥36.52B; DOWN -9% YoY

🔹 Non-GAAP Diluted EPADS: ¥15.06 (Est. ¥14.82) 🟢; DOWN -4% YoY

Key Operational Metrics

🔹 Free Cash Flow: ¥13.74B; DOWN -70% YoY

🔹 Net Cash Provided by Operating Activities: ¥31.44B; DOWN -36% YoY

Share Repurchases

🔹 Repurchased 414M shares (52M ADSs) worth US$4.1B

🔹 Total shares outstanding reduced by 2.1% QoQ

E-commerce Initiatives:

🔸 Implemented GMV-based service fees on Taobao/Tmall; annual service fee for Tmall merchants canceled

🔸 AI-powered marketing tool, Quanzhantui, saw increased adoption

Cloud Intelligence:

🔸 Strong growth in AI-related products with triple-digit YoY increases

🔸 Recognized as a Leader in public cloud and AI services in China

International Commerce:

🔸 Strengthened AliExpress with localized fulfillment solutions and improved logistics

🔸 Trendyol and AliExpress Choice driving revenue growth

Cainiao Logistics:

🔸 Expanded cross-border fulfillment capabilities

🔸 Cainiao Express launched logistics services on external e-commerce platforms

CEO Commentary

🔸 "Growth in our Cloud business accelerated, with AI products delivering triple-digit growth. We remain confident in our core businesses and are committed to long-term investments." – Eddie Wu, CEO

CFO Commentary

🔸 "We repurchased US$4.1 billion in shares, achieving earnings accretion and reducing total shares outstanding by 2.1% since June." – Toby Xu, CFO