Alibaba Group EPS Rises, Cash Flow Dips

Core Insights - Alibaba Group reported a slight performance boost in Q4 2024, with non-GAAP EPS at $2.93, exceeding the projected$2.66, and revenue of $38.381 billion, surpassing the forecast of$38.102 billion [2][3] Financial Performance - Non-GAAP EPS increased from $2.37 in Q4 2023 to$2.93 in Q4 2024 [3] - Revenue rose from $37.117 billion in Q4 2023 to$38.381 billion in Q4 2024 [3] - Non-GAAP net income for Q4 2024 was $6.996 billion, up from$6.641 billion in Q4 2023 [3] - Free cash flow decreased to $5.346 billion from$8.000 billion in Q4 2023 [3][8] Business Segments Performance - China Commerce Sector revenue increased by 5% to RMB129,516 million ($17.743 billion) [6] - Cloud Intelligence Group revenue grew by 13$4.349 billion) [6] - International Digital Commerce Group saw a 32% revenue increase to RMB37,756 million ($5.173 billion) [6] - Cainiao's revenue slightly decreased by 1$3.869 billion) [7] - Local consumer services revenue grew by 12%, driven by Amap and Ele.me [7] - Digital media segment revenue increased by 8% to RMB5,438 million ($745 million) [7] Strategic Focus - Alibaba is shifting towards international expansion and cloud computing to meet increasing market demand for technology-led services [5] - Management is optimistic about AI-led solutions as a growth driver and aims to enhance its commerce ecosystem while expanding internationally [9]