Alibaba reported non-GAAP earnings of $1.26 per ADS, below the $1.49 consensus, driven by heavy investment in AI and cloud computing. Quarterly revenue rose 9% to $39.64 billion, beating estimates, with cloud revenue up 45% due to strong AI demand. Net income fell sharply due to increased expenses and lower investment gains. The company is expanding AI infrastructure, increasing capital expenditure by 75%, signaling a focus on long-term growth despite short-term profit pressure.
Alibaba Group reported a 75% drop in quarterly profit to 10.4 billion yuan due to significant spending on AI infrastructure, which squeezed margins. Revenue rose 9% to 269 billion yuan, driven by strong growth in AI-related products and cloud service...
Alibaba reported strong growth in its cloud division for the June quarter, driven by increased demand for its AI products. However, the company's net income fell sharply by 75% year-on-year to 10.4 billion Chinese yuan due to higher spending on cloud...
Alibaba is positioned attractively ahead of its fiscal Q1 2027 earnings report on August 20, with a low valuation, strong cloud and AI growth, and significant capital return programs. The stock trades at a trailing P/E of 19 and forward P/E of 20, wi...
Alibaba and NetEase are set to report earnings simultaneously, offering investors a choice between Alibaba's AI and cloud growth story and NetEase's cash-generative gaming business. Analysts show strong bullish sentiment for both, with NetEase having...
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