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Investing.com -- Alibaba Group Holding shares jumped more than 11% on Thursday after the Chinese e-commerce giant reported better-than-expected fourth-quarter results, driven by strong revenue growth across its core businesses.
The company posted adjusted earnings per share of RMB21.39 ($2.93), surpassing analyst estimates of RMB19.81. Revenue rose 8% YoY to RMB280.15 billion ($38.38 billion), also beating expectations of RMB277.03 billion.
Alibaba (NYSE:BABA)'s core Taobao and Tmall Group saw customer management revenue increase 9% YoY to RMB100.79 billion ($13.81 billion), benefiting from growth in online gross merchandise volume and improved take rates.
"This quarter's results demonstrated substantial progress in our 'user first, AI-driven' strategies and the re-accelerated growth of our core businesses," said Eddie Wu, CEO of Alibaba Group.
The company's Cloud Intelligence Group revenue grew 13% YoY to RMB31.74 billion ($4.35 billion), with AI-related product revenue maintaining triple-digit growth for the sixth straight quarter.
Alibaba International Digital Commerce Group revenue surged 32% YoY to RMB37.76 billion ($5.17 billion), driven by strong performance in cross-border businesses.
For the full fiscal year 2024, Alibaba expects revenue growth to be between 8-10%.
Alibaba said it continues to focus on its strategic priorities in e-commerce and cloud computing to drive long-term growth.
"Overall adjusted EBITDA grew by 4% YoY to RMB62bn (vs consensus and our estimates at RMB60.4bn and RMB58.6bn, respectively," said analysts at Jefferies. They added that some focus areas for them now are the sector implications of DeepSeek and the recent momentum of API calls and large models adoption from customers, Alibaba Cloud's open source strategies in FY26, and Alibaba Cloud revenue and EBITA margin trends.
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