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BABA-W 3FQ Non-GAAP NP Slides 67.3% to RMB16.71B, Way Below Forecast; US Shrs Slip 4.6% Pre-mkt
2026-03-19 17:45:18
BABA-W (09988.HK) announced its financial results for the third fiscal quarter ended December 31, 2025, with revenue of RMB284.843 billion, up 1.7% YoY, which was below the forecast of 15 brokers ranging from RMB285.459 billion to RMB295 billion, with a median of RMB289.302 billion.

The net income attributable to ordinary shareholders was RMB16.322 billion, down 66.7% YoY. The non-GAAP net income was RMB16.71 billion, down 67.3% YoY, which was below the forecast of 8 brokers ranging from RMB25.099 billion to RMB31.858 billion, with a median of RMB28.936 billion. The adjusted EBITA was RMB34.057 billion, down 45.1% YoY. The quarterly diluted EPS was RMB0.74, and the diluted EPS for ADS was USD5.93.

CEO Eddie Wu said that this quarter, Alibaba maintained strong investments across its core pillars of AI and consumption. AI is and will continue to be one of its primary growth engines. Its Cloud Intelligence Group’s revenue is up 36% with AI-related product revenue delivering triple-digit growth for the tenth consecutive quarter. Besides, Qwen’s consumer interface surpassed 300 million monthly active users (MAUs), as AI agents perform real-world task execution at scale.

Alibaba (BABA.US) shares in the US pre-market trading session last slid 4.58% at USD128.27.
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