Overview
- Total revenue rose 5% to 247.8 billion yuan for the quarter ended September 30, beating estimates of 242.65 billion yuan.
- Cloud Intelligence revenue climbed 34% to 39.82 billion yuan with AI-related products delivering a ninth straight quarter of triple-digit growth.
- Alibaba deployed roughly 120 billion yuan on AI and cloud infrastructure over the past four quarters, and cloud EBITDA increased 35% to 3.6 billion yuan.
- Adjusted earnings per American depositary receipt were 4.36 yuan, missing Bloomberg consensus of 6.34 yuan.
- Alibaba’s Qwen chatbot app launched on November 18 and surpassed 10 million downloads in its first week, and U.S.-listed shares rose about 4% premarket then 3.9% after the open.