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<Foresight>M Stanley Forecasts for BABA-W 3FQ26 Results (Table)
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17
Positive
28
Negative
9
Results Breakdown│3FQ26 Forecast│ YoY Change
Consolidated revenue│ RMB286.2 billion│+2.2%
-China e-commerce group revenue│ RMB163.679 billion│+7.8%
->Customer management revenue (CMR)│RMB105.736 billion│+3%
->On-demand retail revenue│RMB21.275 billion│+55%
-AIDC revenue│RMB40.523 billion│+7.3%
Cloud group revenue│RMB42.852 billion│+35%
All other revenue│RMB65.545 billion│-25.5%
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Consolidated adjusted EBITA│RMB30.373 billion│-44.6%
-China e-commerce group EBITA│RMB36.009 billion│-40.6%
-AIDC EBITA│ Loss of RMB1.418 billion│ Narrowed by 71.4%
-Cloud group EBITA│RMB3.857 billion│+22.9%
-All other EBITA│ Loss of RMB7.013 billion│ Widened by 117.1%
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Non-GAAP net profit│ RMB30.373 billion│-44.6%
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Adjusted EBITA margin│10.6%│-9 ppts
-China e-commerce group adjusted EBITA margin│22%│-17.9 ppts
-AIDC adjusted EBITA margin│-3.5%│-9.6 ppts
-Cloud group adjusted EBITA margin│9%│-0.9 ppts
-All other adjusted EBITA margin│-10.7%│-7 ppts

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