阿里巴巴：Results inline; solid execution towards achieving development goal

18 Nov 2024 CMB International Global Markets | Equity Research | Company Update Alibaba (BABA US) Results inline; solid execution towards achieving development goal Alibaba reported inline-with-Bloomberg consensus 2QFY25 (March year-end) results: total revenue was RMB236.5bn, up 5.2% YoY, while adjusted EBITA/non-GAAP net income for the quarter was RMB40.6bn/36.5bn, -5.3%/- 9.0% YoY, owing to incremental investment in user experience improvement for Taobao & Tmall (T&T) Group (5% YoY decline in EBITA), and ...