Alibaba Group Reports March Quarter and FY2018 Earnings

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Alibaba Group Reports March Quarter and FY2018 Earnings

Alibaba Group today announcedfinancial results for the quarter endedMarch31 and the company’s 2018 fiscal year. Highlights can be found inthe summary and infographic below. To read Alibaba Group’s press release covering the results in greater detail, click here.


  • Revenue grew 61% for the March Quarter, 58% for FY2018
  • Beat on revenue, net income and EPS
  • Accelerating GMV growth rate of 28% for FY2018
  • Expanded Alibaba’s total addressable market through investments in New Retail, Cainiao, and Lazada
  • FY2019 revenue guidance: above 60% YoY growth, reflecting confidence in continued performance of core business and growing addressable market

Summary financials for the March quarter

  • Total revenue of RMB61.9 billion (US$9.9 billion), up 61% YoY
  • Core Commerce revenue was RMB51.3 billion (US$8.2 billion), up 62% YoY
  • Cloud Computing revenue grew 103% YoY
  • Profits grew to RMB16.8 billion (US$2.7 billion)
  • Diluted EPS was RMB2.88 (US$0.46)

Healthy and Growing Core Commerce Business

Massive User Growth

  • Mobile MAUs on China retail marketplaces reached 617 million, an increase of 37 million over December 2017
  • Annual active consumers reached 552 million, up 37 million over the 12-month period ended December 31, 2017

New Retail

  • Expanded Alibaba’s total addressable market and strengthened our New Retail ecosystem through acquisition of, investment in Easyhome and growth of Hema (now also known as Freshippo) stores

Robust Growth of Cloud Business

  • Cloud revenue grew 103% YoY to RMB4.4 billion (US$699 million) in the March quarter
  • Continued expansion of customer base across industries; new partners include: China National Petroleum Corporation, the Malaysian Government and Cathay Pacific

Momentum in Digital Media and Entertainment

  • Youku video’s daily average subscribers grew over 160% YoY driven by high-quality new content
  • Digital Media and Entertainment revenue grew 34% YoY to RMB5.3 billion (US$840 million) in the March quarter

Full fiscal year summary financials:

  • Total revenue of RMB250.3 billion (US$39.9 billion), up 58% YoY
  • Core Commerce revenue grew 60% YoY to RMB214.0 billion (US$34.1 billion)
  • Core Commerce adjusted EBITA was RMB114.1 billion (US$18.2 billion), up 38% YoY
  • Non-GAAP free cash flow was RMB99.4 billion (US$15.8 billion), up 44% YoY
  • Full year GMV was RMB4.8 trillion (US$768 billion), representing an accelerated growth rate of 28% YoY
  • Tmall physical goods GMV increased 45% YoY


Below is an infographic with fourth-quarter highlights.


AlibabaAlibaba Group Quarterly EarningsE-CommerceNew Retail
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