Alibaba Group Reports Quarterly Financial Results

Main Content

Alibaba Group Reports Quarterly Financial Results



Alibaba Group today announcedfinancial results for its fiscalsecond quarter endedSept. 30, 2016. The highlights can be found below in an infographic and in a summary from the company. To read Alibaba Group’s press release covering the results in greater detail, click here.

Alibaba-Earnings-11-01-16-R3

 

Summary:

      • We had a very strong quarter; strong beat top to bottom.
      • We reported robust revenue growth of 55% this quarter with strong growth coming from each of our reporting segments.
        • 41% revenue growth from Core Commerce; margins at 62%.
        • Triple-digit revenue growth incloud computingand digital mediaand entertainment segments.
      • Mobile continues to be the preferred way for customers to access Alibaba’s ecosystem; we are increasingly monetizing our 450 million mobile active users through new, innovative experiences.

Financial highlights:

      • Strong beat on non-GAAP diluted EPS of US$0.79, which was up 46%.
      • Total revenue growth of 55% to US$5.1 billion.
      • Strong core commerce revenue growth of 41% YoY to US$4.3 billion.
      • Triple-digit revenue growth in cloud computing and digital media andentertainment segments.
      • Free cash flow of US $2.1 billion gives us strategic and operational flexibility to invest in future growth.
      • Our Core Commerce segment is highly profitable, generating US$2.6 billion in adjusted EBITA and 62% adjusted EBITA margin.

Very Strong Performance of Core Commerce

User growth & engagement:

      • Mobile MAUs on China retail marketplaces reached 450 million, up 30% YoY.
      • Annual active buyers on China retail marketplaces reached 439 million, up 14% YoY.
      • Continued year-over-year increase in the number of clicks and high social engagement.
        • More than 6 million social shares per day on Taobao mobile app.

User monetization:

      • Revenue per annual active buyer increased to US$32, up from US$30 in the prior quarter.
      • Mobile revenue per mobile active user increased to US$23, up from US$21 in the prior quarter.

Mobile leadership:

      • Mobile revenue increased 78% YoY, accounting for 78% of China commerce retail revenue, compared with 75% last quarter.

Rapid Growth of Cloud Computing

      • Cloud computing revenue grew 130% YoY and segment-adjusted EBITA loss further narrowed to US $8 million; the business is approaching profitability.
      • Paying customers grew to 651,000 from 577,000 in the previous quarter.

Growing Traction in Digital Media and Entertainment

      • Revenue up 302% YoY primarily due to consolidation of Youku and increase in revenue from mobile services provided by UCWeb, such as search, news feeds and game publishing.

 

Alibaba GroupAlibaba Group Quarterly Earningsfinancial reportfinancial resultsTop Resources
Reuse this content

Sign Up For Our Newsletter

Stay updated on the digital economy with our free weekly newsletter