Revenue: Expected at USD 38.46 billion (€ 35.70 billion), revenue actually amounted to USD 38.58 billion (€ 35.81 billion). Alibaba thus slightly exceeded expectations by 0.3%.
E-commerce growth (Taobao & Tmall): The platforms recorded growth of 5%, which was in line with expectations.
AI-related revenue: Alibaba achieved triple-digit growth in this area for the sixth consecutive quarter.
Share price reaction: The stock rose 5.6% in pre-market trading, a very positive market reaction.
Key Highlights:
- Singles' Day Boost: Strong year-end sales due to extended discount promotions.
- AI growth: Continued strong growth in the area of artificial intelligence.
- Apple cooperation: Collaboration to integrate AI into iPhones sold in China.
- Jack Ma resurfaces: Participation in government meetings boosts investor confidence.
Conclusion
$BABA (+5,86%) slightly exceeded sales expectations and showed solid growth in key areas such as e-commerce and AI. The share price reacted with a strong rise of 5.6% in pre-market trading.
