Categories AlphaGraphs, Consumer, Earnings
BABA Earnings: Alibaba Q4 profit falls despite revenue growth
Alibaba Group Holding Limited (NYSE: BABA) Tuesday announced fourth-quarter 2024 financial results, reporting higher revenues and a decline in earnings.
Revenues of the China-based e-commerce giant increased 7% annually to $30.7 billion in the March quarter, reflecting strong performance by all the key operating segments.
Meanwhile, adjusted earnings decreased 5% from last year to $1.40 per ADS in the fourth quarter. Unadjusted net income was $453 million or $0.18 per ADS, down 86% from the prior-year quarter.
“This quarter’s results demonstrate that our strategies are working and we are returning to growth. Our
China and international commerce businesses realized double-digit year-over-year GMV growth through our
focus on the customer experience,” said Eddie Wu, CEO of Alibaba Group.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
