Alibaba Group Announces Financial Results for Quarter Ended December 31, 2022
Key Financial Metrics
- Revenue: RMB247,756 million (US$35,921 million), an increase of 2% year-over-year.
- Net income: RMB46,813 million (US$6,795 million), a decrease of 61% year-over-year.
- Adjusted EBITDA: RMB54,533 million (US$7,939 million), a decrease of 19% year-over-year.
Business Highlights
- Alibaba Cloud revenue grew by 3% year-over-year to RMB20,182 million (US$2,937 million).
- Alibaba's e-commerce business in China saw revenue growth of 3% year-over-year to RMB181,526 million (US$26,373 million).
- Alibaba's international commerce business revenue declined by 10% year-over-year to RMB13,488 million (US$1,968 million).
Management Commentary
Alibaba Group CEO Daniel Zhang said, "In the face of macro challenges, we continue to focus on serving our customers and optimizing our operations. We are confident in the long-term growth of the digital economy in China and will continue to invest in our core businesses."
Additional Information
Alibaba Group will hold a conference call to discuss its financial results for the quarter ended December 31, 2022 on Thursday, February 23, 2023 at 8:00 AM EST / 5:00 AM PST.
To access the conference call, please dial +1 (855) 605-2758 or +1 (224) 475-2150 and enter the conference ID: 4322641.
A live webcast of the conference call will be available at the following link: https://ir.alibabagroup.com/news-events/events-presentations
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