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<Results>BABA-W 3FQ Non-GAAP NP Up 6.5% YoY to Upper End of Forecast; Pre-mkt ADRs Up 4.9%
BABA-W (09988.HK) announced its results for the third fiscal quarter ended December 2024. Revenue was RMB280.154 billion, up 7.6% YoY. Net income attributable to ordinary sharehold...
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<Results>BABA-W 3FQ Non-GAAP NP Up 6.5% YoY to Upper End of Forecast; Pre-mkt ADRs Up 4.9%
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BABA-W (09988.HK)  +17.600 (+14.557%)    Short selling $6.54B; Ratio 14.705%   announced its results for the third fiscal quarter ended December 2024. Revenue was RMB280.154 billion, up 7.6% YoY. Net income attributable to ordinary shareholders was RMB48.945 billion, up 2.39 times YoY, which notably topped the expectations of our reporters' compiled forecast of RMB36.079-39.826 billion, representing a YoY surge of 1.5-1.76x. Quarterly diluted EPS was RMB2.55, and diluted earnings per ADS were RMB20.39.

The non-GAAP net income for the third fiscal quarter was RMB51.066 billion, reaching the upper end of the range of RMB46.441-51.067 billion as forecast by the nine brokers our reporters surveyed. The non-GAAP diluted EPS and earnings per ADS were RMB2.67 and RMB21.39, respectively.

Related NewsNomura: BIDU-SW Needs to Push AI Search Harder Even at Expense of ST Search Rev.
Alibaba said that during the quarter, the group continued to actively manage its balance sheet with significant non-core asset sales, share buybacks, and extending its debt maturities at attractive rates, including the sale of investments in SUNART RETAIL (06808.HK)  -0.020 (-1.136%)   and Intime.

During the quarter, the group repurchased a total of 119 million ordinary shares (equivalent to 15 million ADSs) for a total of US$1.3 billion. As of December 31, 2024, the group had 18.517 billion ordinary shares (equivalent to 2.315 billion ADSs) outstanding, a net decrease of 103 million ordinary shares compared to September 30, 2024, or a 0.6% net reduction in its outstanding shares.

Alibaba ADRs (BABA.US)      rallied 4.86% to US$131.96 in pre-market trading.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-02-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsHSBC Global Research Lifts BABA-W TP to $156; AI-driven Inflection Pt

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