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3d ago

Alibaba Misses Q4 Earnings Expectations as AI and Cloud Drive Long-Term Focus

The Chinese tech giant reported a 7% revenue increase but fell short of analyst forecasts, with shares dropping 4% in premarket trading.

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The logo of Qwen, Alibaba’s family of large language models, is displayed on a smartphone screen. Photo: Shutterstock Images
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Overview

  • Alibaba's fiscal Q4 revenue reached 236.5 billion yuan, up 7% year-over-year but slightly below the consensus estimate of 237.9 billion yuan.
  • Net income for the quarter was 12.4 billion yuan, significantly missing analyst expectations of 24.7 billion yuan.
  • The company's shares fell 4% in U.S. premarket trading following the earnings miss.
  • For the full fiscal year, Alibaba posted a 6% revenue increase to 996.3 billion yuan and a 62% surge in net income to 129.5 billion yuan, reflecting overall growth.
  • Alibaba continues to prioritize AI and cloud computing, highlighted by the April launch of its Qwen 3 large language model to power its AI assistant, Quark.