Reports Q4 revenue $38.38B. “This quarter’s results demonstrated substantial progress in our ‘user first, AI-driven’ strategies and the re-accelerated growth of our core businesses. During this quarter, customer management revenue at Taobao and Tmall Group grew 9% as a result of initiatives to enhance user experience and effective monetization. Our Cloud revenue growth reignited to double digits at 13%, with AI-related product revenue achieving triple-digit growth for the sixth consecutive quarter. Looking ahead, revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate. We will continue to execute against our strategic priorities in e-commerce and cloud computing, including further investment to drive long-term growth,” said Eddie Wu, CEO of Alibaba (BABA) Group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Alibaba approached DeepSeek about funding, The Information reports
- Alibaba (BABA) Will Report Its Earnings Today. Here Is What to Expect
- Notable companies reporting before tomorrow’s open
- DeepSeek Draws Interest from Alibaba (BABA) as It Considers Outside Funding
- What Wall Street experts are saying about Alibaba ahead of earnings
Questions or Comments about the article? Write to editor@tipranks.com