Key PointsAfter disappointing earnings, Alibaba's shares were down 5% in the pre-market session.Wall Street is hiding the facts, as the company's cash flow remains as strong as ever, as seen in a dividend payment and $25 billion in buybacks.Citigroup's analysts see over 50% upside in the stock; a Chinese economic comeback could push it even higher.5 stocks we like better than Amazon.comShares of Alibaba Group NYSE: BABA fell by as much as 5% in the pre-market session of May 14th; the reaction came after a w ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Alibaba is one the biggest players in China's tech industry. Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. The Hangzhou-based company is one of the biggest players in China's tech indust ...

March Quarter 2024 Results May 14, 2024 1 Disclaimer Thispresentationcontainscertainfinancialmeasuresthatarenotrecognizedu ...

Revenue Growth - Revenue from Local Services Group increased by 19% to RMB14,628 million (US$2,026 million) in Q1 2024, driven by order growth in Ele.me and Amap[1] - Revenue for fiscal year 2024 reached RMB941,168 million (US$130,350 million), an 8% year-over-year increase from RMB868,687 million in 2023[31] - Taobao and Tmall Group revenue grew 4% year-over-year to RMB93,216 million (US$12,910 million) in Q1 2024, with customer management revenue increasing 5%[42] - Cloud Intelligence Group revenue increased 3% year-over-year to RMB25,595 million (US$3,545 million) in Q1 2024, with price reductions on over 100 public cloud products[43] - AliExpress achieved robust year-over-year order growth, with Choice representing around 70% of total orders in April 2024[45] - Cainiao extended its premium delivery service to 14 countries, strengthening its cross-border logistics capabilities[47] - Taobao and Tmall Group revenue decreased by 1% YoY to RMB38,501 million (US$5,332 million) in Q1 2024[63] - Cloud Intelligence Group revenue increased by 45% YoY to RMB1,432 million (US$198 million) in Q1 2024[63] - Alibaba International Digital Commerce Group revenue grew 45% YoY to RMB27,448 million (US$3,802 million) in Q1 2024[76] - Cainiao Smart Logistics revenue increased 30% YoY to RMB24,557 million (US$3,401 million) in Q1 2024[79] - Local Services Group revenue grew 19% YoY to RMB14,628 million (US$2,026 million) in Q1 2024[81] - Digital Media and Entertainment Group revenue decreased 1% YoY to RMB4,945 million (US$685 million) in Q1 2024[82] - Revenue for the quarter ended March 31, 2024 was RMB221,874 million (US$30,729 million), a 7% YoY increase compared to RMB208,200 million in the same quarter of 2023[113] - Cainiao Smart Logistics Network Limited revenue increased 30% YoY to RMB24,557 million (US$3,401 million) in Q1 2024[120] - All others segment revenue decreased 3% YoY to RMB51,458 million (US$7,126 million) in Q1 2024[108] - China commerce wholesale business revenue increased 20% YoY to RMB4,952 million (US$686 million) in Q1 2024[103] - Direct sales and others revenue under China commerce retail business decreased 2% YoY to RMB24,690 million (US$3,419 million) in Q1 2024[102] - Revenue from Cainiao Smart Logistics Network Limited increased 28% year-over-year to RMB99,020 million (US$13,714 million) in fiscal year 2024[187] - Revenue from Digital Media and Entertainment Group increased 15% year-over-year to RMB21,145 million (US$2,929 million) in fiscal year 2024[193] - China Commerce Wholesale Business revenue increased 15% year-over-year to RMB20,479 million (US$2,836 million) in fiscal year 2024[189] - International Commerce Wholesale Business revenue increased 7% year-over-year to RMB20,944 million (US$2,901 million) in fiscal year 2024[191] Net Income and Earnings - Non-GAAP net income decreased by 11% to RMB24,418 million (US$3,382 million) in Q1 2024 compared to RMB27,375 million in Q1 2023[2] - Non-GAAP diluted earnings per share decreased by 5% to RMB1.27 (US$0.18) in Q1 2024 compared to RMB1.34 in Q1 2023[3] - Net income attributable to ordinary shareholders decreased to RMB3,270 million (US$453 million) in Q1 2024 from RMB23,516 million in Q1 2023[6] - Net income attributable to ordinary shareholders was RMB79,741 million (US$11,044 million), with non-GAAP net income increasing 11% to RMB157,479 million (US$21,811 million) compared to 2023[38] - Net income attributable to ordinary shareholders was RMB3,270 million (US$453 million) in Q1 2024, a decrease of 96% YoY[64] - Non-GAAP diluted earnings per ADS increased 14% YoY to RMB62.23 (US$8.62) in Q1 2024[65] - Net income in fiscal year 2024 increased by 9% to RMB71,332 million (US$9,879 million) compared to fiscal year 2023[137] - Non-GAAP diluted earnings per ADS in fiscal year 2024 was RMB62.23 (US$8.62), a 14% increase from fiscal year 2023[138] - Non-GAAP net income in fiscal year 2024 was RMB157,479 million (US$21,811 million), an 11% increase from fiscal year 2023[160] - Net income attributable to ordinary shareholders in fiscal year 2024 increased by 10% to RMB79,741 million (US$11,044 million)[161] Cash Flow and Financial Position - Net cash provided by operating activities decreased by 26% to RMB23,340 million (US$3,233 million) in Q1 2024 compared to RMB31,401 million in Q1 2023[13] - Free cash flow decreased by 52% to RMB15,361 million (US$2,127 million) in Q1 2024 compared to RMB32,267 million in Q1 2023[13] - Net cash provided by investing activities was RMB20,267 million (US$2,807 million) in Q1 2024, primarily due to a decrease in short-term investments and cash inflow from disposal of investments[15] - Net cash used in financing activities was RMB54,012 million (US$7,481 million) in Q1 2024, primarily due to share repurchases and dividend payments[16] - Cash and cash equivalents increased to RMB617,230 million (US$85,485 million) as of March 31, 2024, up from RMB560,314 million in 2023, driven by free cash flow from operations of RMB156,210 million (US$21,635 million) and exchange rate gains of RMB13,270 million (US$1,838 million)[30] - Free cash flow decreased by 9% to RMB156,210 million (US$21,635 million) in fiscal year 2024, primarily due to special dividends from Ant Group in 2023 and changes in working capital[39] - Free cash flow decreased 52% YoY to RMB15,361 million (US$2,127 million) in Q1 2024[71] - Net cash used in investing activities in fiscal year 2024 was RMB21,824 million (US$3,023 million), primarily due to increased treasury investments and capital expenditures[153] Operational Metrics and Expenses - Total employees decreased to 204,891 as of March 31, 2024, compared to 219,260 as of December 31, 2023[17] - Share-based compensation expense decreased 6% YoY to RMB7,123 million (US$987 million) in Q1 2024[128] - Cost of revenue in Q1 2024 was RMB148,098 million (US$20,511 million), accounting for 67% of revenue, consistent with Q1 2023[134] - Product development expenses in Q1 2024 were RMB14,085 million (US$1,951 million), or 6% of revenue, down from 7% in Q1 2023[135] - Income tax expenses in fiscal year 2024 were RMB22,529 million (US$3,120 million), a 45% increase from RMB15,549 million in fiscal year 2023[168] - Impairment of goodwill in fiscal year 2024 was RMB10,521 million (US$1,457 million), a 288% increase from RMB2,714 million in fiscal year 2023[177] Equity and Investments - Share of results of equity method investees was a loss of RMB3,208 million (US$444 million) in Q1 2024, compared to a profit of RMB446 million in Q1 2023[5] - Share repurchases resulted in a net reduction of 1,057 million ordinary shares, or 5.1% of outstanding shares, during fiscal year 2024[48] - Ant Group repurchased approximately 7% equity interest in Q3 2023, allocated to employee incentive plans, while Alibaba's equity interest in Ant Group remains at 33%[143] Adjusted EBITA and EBITDA - Adjusted EBITA increased 12% year-over-year to RMB165,028 million (US$22,856 million) in fiscal year 2024, driven by operational improvements[61] - Taobao and Tmall Group adjusted EBITA was RMB38,501 million (US$5,332 million) in Q1 2024, a slight decrease from RMB39,041 million in Q1 2023[104] - Cloud Intelligence Group adjusted EBITA increased by 45% to RMB1,432 million (US$198 million) in Q1 2024 compared to RMB987 million in Q1 2023[115] - Local Services Group adjusted EBITA loss narrowed to RMB3,198 million (US$443 million) in Q1 2024 from RMB4,063 million in Q1 2023[106] - Digital Media and Entertainment Group adjusted EBITA loss reduced to RMB884 million (US$122 million) in Q1 2024 from RMB1,129 million in Q1 2023[107] - Adjusted EBITDA decreased 4% year-over-year to RMB30,807 million (US$4,267 million) in Q1 2024, compared to RMB32,123 million in Q1 2023[171] - Adjusted EBITA decreased 5% year-over-year to RMB23,969 million (US$3,320 million) in Q1 2024, compared to RMB25,280 million in Q1 2023[171] - Taobao and Tmall Group adjusted EBITA increased 3% year-over-year to RMB194,827 million (US$26,983 million) in fiscal year 2024[190] - Local Services Group adjusted EBITA loss narrowed to RMB9,812 million (US$1,359 million) in fiscal year 2024, compared to a loss of RMB13,148 million in fiscal year 2023[174] Membership and Customer Growth - The number of 88VIP members surpassed 35 million, with double-digit YoY growth in Q1 2024[73]

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Alibaba Group Holdings reported some truly concerning Q4 2024 financial results today before US markets opened.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.After a difficult quarter for the Chinese economy, as well as intensifying competition from online shopping rivals such as Temu, investors weren’t sure what to expect from the earnings – except that they would improve upo ...

Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Alibaba posted a beat on revenue in its fiscal fourth quarter ended March, even as the Chinese e-commerce giant's net profit plunged sharply.Here's how Alibaba did in the March quarter versus LSEG consensus estimates:Revenue: 221.9 billion Chinese yuan ($30.7 billion) versus 219.66 billion yuan expected.Net in ...

Bank of America sees Alibaba's revenue coming in above consensus estimates when it reports fiscal Q4 earnings on Tuesday.Alibaba (BABA 5.70%) stock has started to show signs of recovering after falling to new lows last year. In the past month, share prices have jumped 19% and could be headed for more gains.Bank of America analysts recently maintained a buy rating on the stock but lowered the price target from $102 to $99. However, that still implies an upside of 17% over the next 12 months over the current ...

Alibaba Group Holding Limited (BABA) is scheduled to report fourth-quarter fiscal 2024 results on May 14.For the fiscal fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $30.59 billion, suggesting a 1% rise from the year-ago quarter’s reported figure.The Zacks Consensus Estimate for earnings is pinned at $1.24 per share, indicating a fall of 20.5% from the prior-year quarter’s reported figure. The figure has moved 3.4% north over the past 30 days.Earnings surpassed the Zacks Consensus E ...

We have an important week for the markets on tap. Wednesday brings us Consumer Price Index (CPI) numbers for April, which will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday. Expectations for both are to tick up 10 basis points (bps) month over month but to come down year over year. Core year over year results are looking to reduce from the +2.8% reported a month ago on wholesale, and from +3.8% a month ago on retail. Any surprises to the downside may be considered positive for th ...

Monday, May 13th, 2024We have an important week for the markets on tap. Wednesday brings us Consumer Price Index (CPI) numbers for April, which will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday. Expectations for both are to tick up 10 basis points (bps) month over month but to come down year over year. Core year over year results are looking to reduce from the +2.8% reported a month ago on wholesale, and from +3.8% a month ago on retail. Any surprises to the downside may be cons ...