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
- 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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