March 19, 2026 10:43 AM GMT Alibaba Group Holding | Asia Pacific BABA 3QF26: Cloud/CMR in line, EBITA misses on QC & All Others Losses Unchanged In-line Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Exhibit 1: 3QFY26 results review | Alibaba Group | Dec-24 | Sep-25 | Dec-25 | | | | | --- | --- | --- | --- | --- | --- | --- | | YE Mar | 3Q25 | 2Q26 | 3Q26 | YoY | 3Q26 | Diff | ...