Alibaba Group Holding Limited (NYSE: BABA) reported fourth quarter 2022 earnings results today.
Revenue totaled $32.1 billion, up 9% year-over-year, driven mainly by revenue growth in the China commerce segment.
Net loss attributable to ordinary shareholders was $2.56 billion. Adjusted net income dropped 24% year-over-year to $3.12 billion.
Diluted loss per ADS was $0.96 while adjusted earnings per ADS fell 23% year-over-year to $1.25.
Both the top and bottom line numbers beat estimates.
Due to the impact from COVID-19 on its businesses and the related uncertainties, Alibaba is not providing guidance at present.
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