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<Results>BABA-W 1FQ Rev. Up ~2% to RMB247.7B, In Line
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BABA-W (09988.HK)(BABA.US) announced its first fiscal quarter results for the period ending June 30, 2025. Revenue was RMB247.652 billion, up 1.8% YoY, meeting the forecast range of RMB245.639 billion to RMB252.642 billion from 11 brokers, but below the median forecast of RMB248.404 billion. Excluding revenue from the disposed businesses of SUNART RETAIL (06808.HK) and Intime, revenue on a like-for-like basis would have grown by 10% YoY. During the period, the group completed a strategic business integration, officially dividing its major business segments into Alibaba China E-commerce Group, Alibaba International Digital Commerce Group (AIDC), Cloud Intelligence Group, and all other businesses. During the period, revenue from the China E-commerce Group grew 10% to RMB140.072 billion. Alibaba launched the “Taobao Instant Commerce” service at the end of April 2025 and increased investment in instant retail. The group stated that it contributed to the 25% YoY increase in monthly active consumers on the Taobao app in the first three weeks of August. The number of 88VIP members continued to increase by double digits YoY, surpassing 53 million. AASTOCKS Financial News Website: www.aastocks.com |
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