Alibaba Group Holding Ltd

Latest Results (17.12.2024):

Total Revenue

In the September quarter of 2024, Alibaba Group Holding Ltd reported a total revenue of RMB236.5 billion (US$33.7 billion). The Taobao and Tmall Group showed steady progress with a 2% growth in customer management revenue. The Cloud Intelligence Group also contributed significantly with over 7% growth in overall revenue, driven by double-digit public cloud growth and triple-digit AI-related product revenue growth for the fifth consecutive quarter.

Adjusted EBITA

Alibaba Group Holding Ltd's adjusted EBITA for the September quarter of 2024 was RMB40.6 billion (US$5.8 billion). This figure reflects the company's efforts to improve operating efficiencies across various business segments, with many segments progressively reducing losses year-over-year.

Share Repurchase

During the September quarter of 2024, Alibaba Group Holding Ltd repurchased a total of 414 million ordinary shares, equivalent to 52 million ADSs, for US$4.1 billion. This repurchase was part of the company's ongoing share repurchase program, which has a remaining authorization of US$22.0 billion effective through March 2027.

China Commerce Retail Revenue

Alibaba Group Holding Ltd's China commerce retail revenue for the September quarter of 2024 was RMB93,008 million (US$13,254 million), showing a slight increase from the same quarter in 2023. The growth was primarily driven by a 2% year-over-year increase in customer management revenue, supported by healthy online GMV growth.

China Commerce Wholesale Revenue

In the September quarter of 2024, Alibaba Group Holding Ltd's China commerce wholesale revenue reached RMB5,986 million (US$853 million), marking an 18% increase compared to the same quarter in 2023. This growth was mainly due to increased revenue from value-added services provided to paying members.