Financial Performance - Total revenue increased by 2% year-over-year to RMB 247,652 million[11], compared to RMB 243,236 million in the same quarter of the previous year[11] - Net income significantly increased by 76% to RMB 42,382 million[11], compared to RMB 24,022 million in the same quarter of the previous year[11] - Adjusted EBITA decreased by 14% year-over-year to RMB 38,844 million[11], compared to RMB 45,035 million in the same quarter of the previous year[11] - Non-GAAP net income decreased by 18% year-over-year to RMB 33,510 million[11], compared to RMB 40,691 million in the same quarter of the previous year[11] - Free cash flow turned negative, reaching RMB -18,815 million[14], compared to RMB 17,372 million in the same quarter of the previous year[14] Segment Performance - Alibaba China E-commerce Group revenue increased by 10% year-over-year[7] - Alibaba International Digital Commerce Group (AIDC) revenue increased by 19% year-over-year[7] - Cloud Intelligence Group revenue increased by 26% year-over-year[7] - Revenue from All others segment decreased by 28% year-over-year[26] Share Repurchase - The company repurchased 56 million ordinary shares (equivalent to 7 million ADSs) for a total of US$815 million during the quarter[17]

Financial Performance - Total revenue reached RMB2365 billion (US$326 billion), a 7% year-over-year increase[6] - Adjusted EBITA grew by 36% year-over-year to RMB326 billion (US$45 billion)[7] - Net cash position stood at RMB3664 billion (US$505 billion) as of March 31, 2025[7] Share Repurchases and Dividends - The company repurchased 1197 million ordinary shares (equivalent to 150 million ADSs) for US$119 billion in fiscal year 2025, resulting in a 51% net reduction in outstanding shares[12] - A two-part dividend totaling US$025 per ordinary share or US$200 per ADS was approved, with an aggregate amount of approximately US$46 billion[14] Segment Performance - Taobao and Tmall Group's customer management revenue (CMR) increased by 12% year-over-year[10, 31] - Cloud revenue growth accelerated to 18% year-over-year, with AI-related product revenue maintaining triple-digit growth for the seventh consecutive quarter[10, 46] - Alibaba International Digital Commerce (AIDC) experienced a 22% year-over-year revenue increase, driven by strong performance in cross-border businesses[10, 40] - Cainiao Smart Logistics Network Limited's revenue decreased by 12% year-over-year, due to the increasing integration of logistics offerings into e-commerce businesses[54, 55] - Local Services Group's revenue grew by 10% year-over-year, driven by order growth from Amap and Eleme, as well as marketing services revenue growth[59, 60] - Digital Media and Entertainment Group's revenue increased by 12% year-over-year, primarily driven by the movie and entertainment businesses and Youku's advertising revenue[64, 65]