Alibaba (BABA) June quarter 2025 earnings report
On August 28, 2024, Nanjing, Jiangsu province, China, China, Alibaba office building.
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Alibaba In the June quarter, he published a better bottom line than expected, when accelerated sales in the cloud computing unit became fueling and e-commerce business continuously revived.
Nevertheless, the revenues of the Chinese giant came under analyst estimates.
Alibaba’s shares increased by more than 1% in the pre -US trade in the US after starting.
Alibaba did in the first quarter that ended in June compared to LSEG estimates:
- Revenues: 247.65 billion Chinese Yuan (34.6 billion dollars) is expected against 252.9 billion Yuan.
- Net income: 43.11 billion Yuan compared to 28.5 billion Yuan.
Alibaba said that the income in the cloud section increased by 26% annually is 33.4 billion Yuan. This was faster than the 18% growth rate seen in the previous quarter. Alibaba’s cloud unit is seen as the key to the company that makes money from artificial intelligence, such as Microsoft or Google.
Alibaba shares listed in New York increased by more than 40% this year, because the increase in income increased in basic Chinese e-commerce business improved and the cloud computing section accelerated.
The company is dealing with uncertainty in the Chinese economy, which lost momentum in July. Earlier this year, Beijing had initiated initiatives to increase consumption.
In addition to e-commerce, investors focus on their investments in artificial intelligence, where Alibaba has become a major global player. The company has initiated various AI models in an aggressive way and sells services through the cloud computing department.
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