The earnings call reflected strong growth in international e-commerce and cloud segments, driven by AI products. However, there are challenges with decreased free cash flow and net income, and the impact of low monetization from new business models. The company is actively investing in AI and user experience, and has had success in its share repurchase program.

Company Guidance

During Alibaba Group's Q2 2025 earnings call, the executives provided guidance involving several key metrics. The company reported that monthly active consumers on Taobao and Tmall reached a new peak, driven by increased purchase frequency that fueled GMV growth. The 88 VIP members increased to 46 million by the end of the quarter. In the cloud segment, revenue excluding Alibaba consolidated subsidiaries grew by 7%, with AI-related products maintaining triple-digit growth for the fifth consecutive quarter. The International Digital Commerce Group (AIDC) achieved 29% revenue growth, primarily due to cross-border business expansion. The company also highlighted the successful completion of a share repurchase program totaling USD 10 billion in the first half of the fiscal year, leading to a 4.4% net reduction in share count. For the quarter, the total consolidated revenue was RMB 236.5 billion, an increase of 5%, while the non-GAAP net income was RMB 36.5 billion, a decrease of 9%. The call emphasized ongoing investments in AI infrastructure and core business capabilities as Alibaba continues to drive user growth and improve operational efficiency.

Record High Monthly Active Consumers

Taobao and Tmall reached a new all-time high in monthly active consumers, contributing to robust growth in GMV during the 11-11 Global Shopping Festival.

Strong International E-commerce Growth

Alibaba International Digital Commerce (AIDC) achieved 29% revenue growth, driven primarily by cross-border business.

Cloud Segment Growth Driven by AI Products

Alibaba Cloud revenue grew 7%, with AI-related product revenue maintaining triple-digit growth for the fifth consecutive quarter.

Successful Share Repurchase Program

Alibaba repurchased shares worth USD 10 billion in the first half of the fiscal year, achieving a 4.4% net reduction in share count.

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Alibaba (BABA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BABA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2025	2025 (Q3)	2.71 / -	18.97	―	―	―
Nov 15, 2024	2025 (Q2)	2.03 / 2.06	2.143	-3.65% (-0.08)
Aug 15, 2024	2025 (Q1)	2.05 / 2.25	2.381	-5.35% (-0.13)
May 14, 2024	2024 (Q4)	1.41 / 1.39	1.468	-5.32% (-0.08)
Feb 07, 2024	2024 (Q3)	2.62 / 2.60	2.64	-1.51% (-0.04)
Nov 16, 2023	2024 (Q2)	2.08 / 2.14	1.771	20.98% (+0.37)
Aug 10, 2023	2024 (Q1)	2.00 / 2.38	1.608	48.08% (+0.77)
May 18, 2023	2023 (Q4)	1.29 / 1.47	1.09	34.72% (+0.38)
Feb 23, 2023	2023 (Q3)	2.30 / 2.64	2.313	14.17% (+0.33)
Nov 17, 2022	2023 (Q2)	1.64 / 1.77	1.535	15.36% (+0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BABA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 15, 2024	$90.58	$88.59	-2.20%
Aug 15, 2024	$79.47	$79.54	+0.09%
May 14, 2024	$82.82	$77.84	-6.01%
Feb 07, 2024	$76.59	$72.09	-5.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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