Alibaba Group Reports Quarterly and FY2017 Results

Alibaba Group today announced financial results for the quarter ended March 31 and for the company’s 2017 fiscal year. The quarterly highlights can be found in the infographic and summary below. To read Alibaba Group’s press release covering the results in greater detail, click here.

Alibaba Q4 and FY2017 Earnings

Highlights:

  • Excellent quarter. 60% YoY revenue growth, highest since IPO and huge beat
  • FY2017 revenue growth was 56% YoY, exceeding guidance
  • Strong Core Commerce revenue and US$10 billion in free cash flow for FY2017 powering investment in high-growth Cloud Computing and Digital Media & Entertainment
  • Board authorized US$6 billion stock repurchase plan over 2 years

Summary Financials:

  • Total revenue growth of 60% YoY to US$5.6 billion, beating consensus
  • Strong Core Commerce revenue growth of 47% YoY to US$4.6 billion
  • Triple-digit YoY revenue growth continues in Cloud Computing (+103%) and Digital Media & Entertainment (+234%)
  • Strong non-GAAP free cash flow of US$1.2 billion for March Q and US$10 billion for FY2017
  • Diluted EPS of US$0.60

Continued Strong Performance of Core Commerce:

Strong User Growth and Engagement:

  • Mobile monthly active users on China retail marketplaces reached 507 million, 14 million net adds from the prior quarter and 97 million YoY
  • Annual active buyers on China retail marketplaces reached 454 million, 11 million net adds from prior quarter and 31 million YoY
  • Combined 83 million annual active buyers on international platforms AliExpress and Lazada

Growing User Monetization:

  • China commerce retail revenue per annual active buyer increased to US$36, up from US$35 in prior quarter
  • Annual mobile revenue per mobile MAU increased to US$26, up from US$24 in the prior quarter

Mobile Leadership:

  • 85% of China commerce retail revenue was transacted on a mobile device compared to 71% of China commerce retail revenue in the same quarter of 2016
  • The mobile monetization rate in FY 2017 surpassed the non-mobile monetization rate, demonstrating the successful completion of our transition to mobile.

Rapid Growth of Cloud Computing;

  • Cloud computing revenue grew 103%YoY to US$314 million
  • Paying customers grew to 874,000, an increase of approximately 109,000 from prior quarter and up 70% YoY

Growing Momentum of Digital Media and Entertainment and Commerce:

  • Revenue from digital media and entertainment increased 234% YoY to $571 million

FY2017 GMV growth:

  • GMV transacted on our China retail marketplaces was US$547 billion, an increase of 22% YoY
  • Mobile GMV transacted on our China retail marketplaces accounted for 79% of total GMV, compared to 65% in FY2016.