| Imagery Source: Wikimedia Commons / Thomas LOMBARD |
| Information Source: Nasdaq |
| Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba”, “Alibaba Group” or the “company”) today announced its financial results for the quarter and fiscal year ended March 31, 2025. |
| “Our results this quarter and for the full fiscal year demonstrate the ongoing effectiveness of our ‘user first, AI-driven’ strategy, with core business growth continuing to accelerate. Driven by strong demand for AI, Cloud Intelligence Group's quarterly revenue growth accelerated to 18%, with AI-related product revenue achieving triple-digit growth for the seventh consecutive quarter. Customer management revenue at Taobao and Tmall Group grew 12% this quarter, reflecting the sustained impact of investments in user experience and effective monetisation. Looking ahead, we will remain focused on our core businesses and continue to drive AI + Cloud as a new engine for our long-term growth,” said Eddie Wu, Chief Executive Officer of Alibaba Group. |
| “We delivered a strong quarter with revenue growth of 7% and EBITA growth of 36%. We are confident in our business outlook and will continue to invest in our core businesses to strengthen our competitive advantages. We remain committed to enhancing shareholder returns. During fiscal year 2025, we repurchased US$11.9 billion of shares, thereby achieving a 5.1% net reduction in outstanding shares. In addition, our board of directors approved the distribution of annual and special dividends totalling US$4.6 billion,” said Toby Xu, Chief Financial Officer of Alibaba Group. |
| BUSINESS HIGHLIGHTS |
| In the quarter ended March 31, 2025: |
- Revenue was RMB236,454 million (US$32,584 million), an increase of 7% year-over-year.
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- Income from operations was RMB28,465 million (US$3,923 million), an increase of 93% year-over-year, primarily due to the increase in adjusted EBITA and a decrease in non-cash share-based compensation expense. We excluded non-cash share-based compensation expense from our non-GAAP measurements. Adjusted EBITA, a non-GAAP measurement, increased 36% year-over-year to RMB32,616 million (US$4,495 million), primarily attributable to revenue growth and improved operating efficiency, partly offset by the increase in investments in our e-commerce businesses and technology.
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- Net income attributable to ordinary shareholders was RMB12,382 million (US$1,706 million). Net income was RMB11,973 million (US$1,650 million), an increase of 1203% year-over-year, primarily due to the mark-to-market changes from our equity investments, the increase in income from operations and the decrease in impairment of equity method investments, partly offset by the losses arising from the disposal of subsidiaries. Non-GAAP net income in the quarter ended March 31, 2025, was RMB29,847 million (US$4,113 million), an increase of 22% compared to RMB24,418 million in the same quarter of 2024.
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- Diluted earnings per ADS were RMB5.17 (US$0.71). Diluted earnings per share were RMB0.65 (US$0.09 or HK$0.70). Non-GAAP diluted earnings per ADS were RMB12.52 (US$1.73), an increase of 23% year-over-year. Non-GAAP diluted earnings per share were RMB1.57 (US$0.22 or HK$1.70), an increase of 23% year-over-year.
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- Net cash provided by operating activities was RMB27,520 million (US$3,792 million), an increase of 18% compared to RMB23,340 million in the same quarter of 2024. Free cash flow, a non-GAAP measurement of liquidity, was RMB3,743 million (US$516 million), a decrease of 76% compared to RMB15,361 million in the same quarter of 2024, which was mainly attributed to the increase in our cloud infrastructure expenditure, partly offset by year-over-year increase of adjusted EBITDA.
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| In the fiscal year ended March 31, 2025: |
- Revenue was RMB996,347 million (US$137,300 million), an increase of 6% year-over-year.
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- Income from operations was RMB140,905 million (US$19,417 million), an increase of 24% year-over-year, primarily due to the decrease in impairment of intangible assets and goodwill, the decrease in non-cash share-based compensation expense and the increase in adjusted EBITA. We excluded impairment of intangible assets and goodwill, and non-cash share-based compensation expense from our non-GAAP measurements. Adjusted EBITA, a non-GAAP measurement, increased 5% year-over-year to RMB173,065 million (US$23,849 million), primarily attributable to revenue growth and improved operating efficiency, partly offset by the increase in investments in our e-commerce businesses and technology.
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- Net income attributable to ordinary shareholders was RMB129,470 million (US$17,841 million). Net income was RMB125,976 million (US$17,360 million), an increase of 77% year-over-year, primarily due to the mark-to-market changes from our equity investments and the increase in income from operations, partly offset by the losses arising from the disposal of subsidiaries. Non-GAAP net income in fiscal year 2025 was RMB158,122 million (US$21,790 million), which remained stable compared to RMB157,479 million in fiscal year 2024.
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- Diluted earnings per Awerewas RMB53.59 (US$7.38). Diluted earnings per share were RMB6.70 (US$0.92 or HK$7.26). Non-GAAP diluted earnings per ADS were RMB65.41 (US$9.01), an increase of 5% year-over-year. Non-GAAP diluted earnings per share were RMB8.18 (US$1.13 or HK$8.86), an increase of 5% year-over-year.
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- Net cash provided by operating activities was RMB163,509 million (US$22,532 million), a decrease of 10% compared to RMB182,593 million in fiscal year 2024. Free cash flow, a non-GAAP measurement of liquidity, was RMB73,870 million (US$10,180 million), a decrease of 53% compared to RMB156,210 million in fiscal year 2024, which was mainly attributed to the increase in our cloud infrastructure expenditure, partly offset by a year-over-year increase in adjusted EBITDA.
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| Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement. |
| For the full document, click the link below |
| Alibaba Group Holding Limited |
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