Categories AlphaGraphs, Earnings, Retail, Technology

Alibaba Group (BABA) Q2 2024 Earnings: Key financials and quarterly highlights

Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2024 earnings results today.

Revenue was $30.8 billion, up 9% year-over-year.

Net income attributable to ordinary shareholders was $3.79 billion and diluted earnings per ADS were $1.48. Adjusted earnings per ADS increased 21% year-over-year to $2.14.  

As of September 30, 2023, cash and cash equivalents, short-term investments and other treasury investments totaled $85.5 billion.

Prior performance

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