Businesswireยท2025-11-25 10:32Core Insights - Alibaba Group has entered an investment phase focusing on AI technologies and infrastructure, leading to strong growth in its AI + Cloud and consumption businesses, with Cloud Intelligence Group revenue up 34% and AI-related product revenue achieving triple-digit growth for the ninth consecutive quarter [2][3] Financial Performance - For the quarter ended September 30, 2025, Alibaba reported revenue of RMB247,795 million (US$34,808 million), a 5% year-over-year increase, with a like-for-like growth of 15% excluding disposed businesses [4][23] - Income from operations decreased by 85% year-over-year to RMB5,365 million (US$754 million), primarily due to a significant drop in adjusted EBITA, which fell 78% to RMB9,073 million (US$1,274 million) [4][51] - Net income attributable to ordinary shareholders was RMB20,990 million (US$2,948 million), a 52% decrease year-over-year, while non-GAAP net income dropped 72% to RMB10,352 million (US$1,454 million) [4][59] - Diluted earnings per ADS were RMB8.75 (US$1.23), down 52% year-over-year, with non-GAAP diluted earnings per ADS at RMB4.36 (US$0.61), a 71% decrease [4][61] Segment Performance - Alibaba China E-commerce Group revenue increased by 16% year-over-year to RMB132,578 million (US$18,623 million), with customer management revenue up 10% [27][31] - Quick commerce revenue surged 60% year-over-year to RMB22,906 million (US$3,217 million), driven by order growth from "Taobao Instant Commerce" [31][34] - Cloud Intelligence Group revenue grew 34% year-over-year to RMB39,824 million (US$5,594 million), with public cloud revenue growth attributed to the adoption of AI-related products [36][17] - The All Others segment saw a 25% revenue decline to RMB62,969 million (US$8,846 million), primarily due to the disposal of Sun Art and Intime businesses [38] Strategic Initiatives - The company is focusing on enhancing user experience and operational efficiency in its quick commerce business, onboarding approximately 3,500 Tmall brands to improve product offerings [9] - Alibaba Cloud continues to lead the AI cloud market in China with a 35.8% market share, driven by comprehensive AI capabilities and strong customer adoption [19][17] Cash Flow and Investments - Net cash provided by operating activities was RMB10,099 million (US$1,419 million), a 68% decrease year-over-year, while free cash flow was an outflow of RMB21,840 million (US$3,068 million) [64] - As of September 30, 2025, cash and other liquid investments totaled RMB573,889 million (US$80,614 million) [5]