Alibaba Reports September Quarter 2018 Results

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Alibaba Reports September Quarter 2018 Results

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



  • Rapid revenue growth of 54% YoY, outpacing all global technology peers
  • Healthy growth adding 25 million annual active consumers to reach 601 million
  • Robust profit and cash flow growth from core marketplace business enables us to invest in strategic areas and further invest in our technology

September Quarter Financial Review

  • Total revenue up 54% YoY to RMB85.1 billion (US$12.4 billion), outpacing global technology peers
  • Adjusted EBITDA of RMB26.7 billion (US$3.9 billion)
  • Adjusted EBITA of marketplace-based core commerce was up 27% YoY
  • Net income attributable to ordinary shareholders was RMB20.0 billion (US$2.9 billion)
  • Diluted EPS of RMB7.62 (US$1.11)
  • Non-GAAP free cash flow was RMB16.0 billion (US$2.3 billion)
  • We have repurchased approximately 9.12 million of our shares for a total purchase price of approximately US$1.33 billion

Robust User Growth and Engagement Across Ecosystem

  • Annual active consumers reached 601 million, up 25 million over the prior quarter
  • Mobile MAUs increased 32 million over June 2018 to reach 666 million, equivalent to nearly half of the total population of China
  • Introduced new Taobao app user interface with more recommendation feeds

Core Marketplace Leadership (Taobao & Tmall)

  • Core Commerce revenue of RMB72.5 billion (US$10.6 billion), up 56% YoY
  • Tmall continued to gain wallet share and expand B2C market leadership, with physical goods paid GMV up 30% YoY, reflecting strength in FMCG, home improvement and apparel categories

Expanding Total Addressable Market

New Retail is Digitizing China’s Retail Economy

  • Mature Hema (also known as Freshippo) stores show high productivity; online sales account for more than 60% of total sales
  • Sun Art, China’s largest hyper-mart chain, adopted our technology for on-demand delivery, joint procurement and supply chain management; > 350 of its 470 stores are now connected to Taobao

Strong Momentum for Local Services

  • Combined on-demand delivery service and online restaurant guide Koubei under single management team
  • Together and Koubei served 3.5 million registered merchants as of June 30, 2018

International Markets Show Promising Growth

  • International commerce retail revenue reached RMB4.5 billion (US$650 million), 55% YoY growth

Robust Growth in Cloud Business

  • Cloud revenue grew 90% YoY to RMB5.7 billion (US$825 million) driven by improving revenue mix of higher value-added products and robust growth in paying customers

Continued Momentum in Digital Media and Entertainment

  • Digital Media and Entertainment revenue grew 24% YoY to RMB5.9 billion (US$865 million)
  • Youku’s daily average video subscribers grew over 100% YoY, with positive results from investments in original content
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