BABA Q1 Earnings Miss Estimates, Revenues Increase Y/Y, Shares Rise

Key Takeaways Alibaba posted Q1 revenues of $34.6B, up 2% year over year and slightly above consensus estimates.Earnings fell 10% Y/Y and missed estimates as strategic spending cut into profitability.Earnings fell 10% Y/Y and missed estimates as strategic spending cut into profitability.Alibaba (BABA) reported non-GAAP earnings of $2.06 per ADS in the first quarter of fiscal 2026, which lagged the Zacks Consensus Estimate by 3.29%. In domestic currency, the company reported earnings of RMB 14.75, down 10% y ...