Di Yi Cai Jing·2025-11-25 12:27Core Insights - Alibaba's latest financial report shows a revenue of 247.795 billion RMB for the quarter ending September 30, 2025, representing a 5% year-over-year increase [1][2] - The net profit attributable to ordinary shareholders was 20.990 billion RMB, a 52% decrease compared to the same period last year [1][2] - Non-GAAP net profit was 10.352 billion RMB, down 72% from 36.518 billion RMB in the previous year [1][2] Revenue and Profitability - Revenue for the quarter was 247.795 billion RMB, up 5% from 236.503 billion RMB in the same quarter of 2024 [2] - Operating profit decreased significantly to 5.365 billion RMB, down 85% from 35.246 billion RMB [2] - Adjusted EBITDA fell to 17.256 billion RMB, a decline of 64% from 47.327 billion RMB [2] Profit Margins - Operating margin dropped to 2% from 15% year-over-year [2] - Adjusted EBITDA margin decreased to 7% from 20% [2] - Adjusted EBITA margin fell to 4% from 17% [2] Earnings Per Share - Diluted earnings per share were 1.09 RMB, a 52% decrease from 2.27 RMB [2] - Diluted earnings per American Depositary Share (ADS) were 8.75 RMB, also down 52% from 18.17 RMB [2] Cloud Business Performance - Alibaba Cloud's overall revenue grew by 34%, with AI-related product revenue achieving triple-digit year-over-year growth for nine consecutive quarters [2] - Capital expenditures for the quarter were 31.5 billion RMB, with approximately 120 billion RMB spent on AI and cloud infrastructure over the past four quarters [2] Market Reaction - As of the report's release, Alibaba's U.S. stock rose over 4% in pre-market trading [3]