Categories AlphaGraphs, Earnings, Retail, Technology

Key highlights from Alibaba Group’s (BABA) Q3 2023 earnings results

Alibaba Group Holding Limited (NYSE: BABA) reported its third quarter 2023 earnings results today.

Revenue increased 2% year-over-year to $36 billion.

Net income attributable to ordinary shareholders was $6.7 billion. Adjusted net income was $7.2 billion, up 12% year-over-year.

Diluted earnings per ADS was $2.60. Adjusted earnings per ADS was $2.79, up 14% year-over-year.

During the quarter ended December 31, 2022, Alibaba repurchased 45.4 million ADSs for approx. $3.3 billion under its share repurchase program.

Prior performance

Alibaba-Q2-2023-Earnings-Infographic

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