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Alibaba: Third-quarter revenue of RMB 284.84 billion, estimated at RMB 289.79 billion
Alibaba announced that revenue in the third fiscal quarter was 284.84 billion RMB, compared with an estimated 289.79 billion RMB; adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were 34.06 billion RMB, compared with an estimated 39.62 billion RMB. The operating profit margin for the third quarter was 4%, and earnings per share were 0.74 RMB. The company has demonstrated strong growth momentum in both enterprise artificial intelligence and consumer artificial intelligence. In recent days, the rapid growth of its AI + cloud business has strengthened confidence in expanding investment, further enhancing its full-stack AI capabilities. Alibaba’s US-listed shares fell more than 5% in pre-market trading and are currently $127.33.