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<Results>BABA-W 3FQ Non-GAAP NP Up 6.5% YoY to Upper End of Forecast; Pre-mkt ADRs Up 4.9%
Recommend 64 Positive 139 Negative 75 |
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BABA-W (09988.HK) announced its results for the third fiscal quarter ended December 2024. Revenue was RMB280.154 billion, up 7.6% YoY. Net income attributable to ordinary shareholders was RMB48.945 billion, up 2.39 times YoY, which notably topped the expectations of our reporters' compiled forecast of RMB36.079-39.826 billion, representing a YoY surge of 1.5-1.76x. Quarterly diluted EPS was RMB2.55, and diluted earnings per ADS were RMB20.39. The non-GAAP net income for the third fiscal quarter was RMB51.066 billion, reaching the upper end of the range of RMB46.441-51.067 billion as forecast by the nine brokers our reporters surveyed. The non-GAAP diluted EPS and earnings per ADS were RMB2.67 and RMB21.39, respectively. Alibaba said that during the quarter, the group continued to actively manage its balance sheet with significant non-core asset sales, share buybacks, and extending its debt maturities at attractive rates, including the sale of investments in SUNART RETAIL (06808.HK) and Intime. During the quarter, the group repurchased a total of 119 million ordinary shares (equivalent to 15 million ADSs) for a total of US$1.3 billion. As of December 31, 2024, the group had 18.517 billion ordinary shares (equivalent to 2.315 billion ADSs) outstanding, a net decrease of 103 million ordinary shares compared to September 30, 2024, or a 0.6% net reduction in its outstanding shares. Alibaba ADRs (BABA.US) rallied 4.86% to US$131.96 in pre-market trading. AAStocks Financial News |
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