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.

Highlights

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 Ele.me, 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.