Alibaba’s quarterly profit increases significantly

By: Trademagazin Date: 2025. 02. 21. 10:57

Chinese e-commerce giant Alibaba Group Holding reported a sharp rise in after-tax profit in the third quarter of its fiscal year ended in December, with adjusted profit and revenue both exceeding expectations.

After-tax profit was 48.95 billion yuan ($6.71 billion), up 239 percent from 14.43 billion yuan a year earlier, according to data posted on the company’s website. Operating profit jumped 83 percent to 41.21 billion yuan ($5.6 billion).

Adjusted profit rose 6 percent to 51.07 billion yuan ($7 billion). Alibaba’s quarterly revenue rose 8 percent to 280.15 billion yuan ($38.4 billion).

Analysts’ average forecast was for a lower adjusted profit of 49.94 billion yuan and a more modest revenue of 279.34 billion yuan.

The Taobao and Tmall Group division, which combines several e-commerce platforms, saw quarterly revenue rise 9 percent to 100.79 billion yuan ($13.8 billion).

Alibaba International Digital Commerce Group, which includes Lazada, AliExpress, Trendyol and Alibaba.com, saw revenue rise 32 percent to 37.76 billion yuan ($5.2 billion). Alibaba’s cloud services revenue rose 13 percent to 31.74 billion yuan ($4.3 billion), while revenue from its logistics division Cainiao fell 1 percent to 28.24 billion yuan ($3.9 billion).

Alibaba repurchased $1.3 billion of its own shares in the third fiscal quarter.