Alibaba Group (9988 HK / BABA) Q3 (CNY): Revenue 284.8bln (prev. 289.8bln), Adj. EBITDA 34.1bln (exp. 39.6bln), well-positioned to drive growth on both enterprise AI and consumer AI fronts
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[MARKET ANALYSIS] European equities suffer as Energy continues to surge; US equity futures follow suit, Micron slips after increasing capex plans
Iran's armed forces says Iran's retaliation against attacks on its energy infrastructure is not yet complete, SNN reports; any repeat of such attacks will lead to a far stronger retaliation against enemy and enemy infrastructure and that of their allies
Alibaba Group (9988 HK / BABA) Q3 (CNY): Revenue 284.8bln (prev. 289.8bln), Adj. EBITDA 34.1bln (exp. 39.6bln), well-positioned to drive growth on both enterprise AI and consumer AI fronts
Saudi port of Yanbu has reportedly stopped oil loadings, according to sources
Gazprom says Ukraine increased attacks on Turkstream and Bluestream pipelines on 17-19th March; says all attacks were foiled
On the Newsquawk feed at , 20 minutes before this page.
- Rapid growth of AI+ cloud businesses in recent quarters gives confidence to scale investments, further strengthening full-stack Ai capabilities.
Other Q3 metrics
- China e-commerce group revenue +6% Y/Y.
- Cloud intelligence unit revenue +36% Y/Y.
- Qianwan surpasses 300mln monthly active users in February
Context
Alibaba's latest Q3 results show a revenue drop, with adjusted EBITDA falling short of expectations. However, the strong growth in their AI and cloud sectors provides a positive outlook for future investments, particularly in enterprise and consumer AI, indicating a potential for improved growth prospects despite the current revenue shortfall.
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