Alibaba: Higher Spending Outlook Drags Down Earnings, Inflates Forward P/E

Core Viewpoint - Alibaba Group Holding Limited's stock has declined following the release of disappointing 2Q FY2026 earnings, which showed a 72% year-over-year drop in earnings and expectations for further declines [1] Financial Performance - The company's earnings for 2Q FY2026 decreased by 72% compared to the same quarter last year [1] - There are expectations for continued earnings decline in the upcoming quarters [1]