Alibaba Group Reports June 2018 Quarterly Results

Main Content

Alibaba Group Reports June 2018 Quarterly Results

Alibaba Group today announcedfinancial results for the quarter ended June 30, 2018. Highlights appear in the infographic and summary below. To read Alibaba Group’s press release covering the results in greater detail, click here.

Click to enlarge the infographic.

Alibaba earnings



  • Strong quarter across the board
  • Blow-out revenue growth of 61% YoY on a massive scale
  • Core business continues robust growth in revenue and users
  • Highly profitable even as we invest in expanding our total addressable market

June Quarter Financial Review

  • Total revenue of RMB80.9 billion (US$12.2 billion), up 61% YoY
  • Highly profitable: adjusted EBITA grew to RMB26.5 billion (US$4.0 billion)
  • GAAP net income attributable to shareholders (RMB8.7 billion) and diluted EPS (RMB 3.3) were impacted by the significant increase in Ant Financial’s valuation and corresponding impact on our stock-based compensation expenses
  • Excluding this one-time impact, net income attributable to shareholders and diluted EPS would have increased YoY by 35% and 33%, respectively
  • Free cash flow increased by 16% to RMB26,358 million (US $4.0 billion)

Building Upon Strong Core Commerce Business

Expanding Core Commerce Leadership

  • Core Commerce revenue of RMB69.2 billion (US$10.5 billion), up 61% YoY
  • Tmall continued to gain wallet share and expand B2C market leadership. Physical goods GMV grew 34% YoY, excluding unpaid orders
  • International brands including MCM, Moschino and Giuseppe Zanotti joined Tmall’s Luxury Pavilion

Robust User Growth and Engagement

  • Annual active consumers reached 576 million, up 24 million over the 12-month period ended March 31, 2018; around 80% of new consumers came from lower-tier cities in China
  • Mobile MAUs reached 634 million, an increase of 17 million over March 2018
  • Launched new 88VIP membership program to drive engagement and loyalty across our ecosystem

New Retail Efforts Showing Strong Returns

  • Over 340% YoY revenue growth in China Commerce Retail – Others, which is primarily New Retail, including the import business, Hema (now also known as Freshippo) grocery business and Intime department stores
  • Strategic combination of and Koubei to accelerate local services offering; new entity secured US$3.0 billion in new capital to fund growth

Cloud Business Continues to Grow at Rapid Pace

  • Cloud revenue grew 93% YoY to RMB4.7 billion (US$710 million) driven by revenue mix toward higher value-added products and services and robust growth in paying customers

Momentum in Digital Media and Entertainment

  • Digital Media and Entertainment revenue grew 46% YoY to RMB6.0 billion (US$903 million)
  • Youku’s daily average video subscribers grew 200% YoY, driven by new high-quality content and streaming of the 2018 FIFA World Cup


AlibabaAlibaba CloudAlibaba GroupCloudMobile TaobaoTaobaoTmall

Sign Up For Our Newsletter

Stay updated on the digital economy with our free weekly newsletter