Alibaba’s Profits Have Nosedived: Is BABA Still a Buy on AI and Instant Commerce Push?

Alibaba (BABA) released its Q2 2026 earnings yesterday, Nov. 25. The stock whipsawed after that report, but eventually closed lower, as it beat on the top line but missed earnings-per-share (EPS) estimates. Moreover, its adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) fell by a whopping 78% year-over-year. The company’s adjusted EBITDA saw a double-digit dip in the previous quarter, as well. Meanwhile, despite the pressure on profitability, BABA stock is up a cool 85% for t ...