Home News Content

Alibaba's 2024 fiscal year revenue was 941.2 billion yuan, and non GAAP net profit was 157.5 billion yuan

因醉鞭名马幌
188 0 0

On May 14th, Alibaba Group released its fourth quarter and full year financial reports for the 2024 fiscal year. Data shows that as of March 31, 2024, Alibaba Group's revenue reached RMB 941.168 billion, a year-on-year increase of 8%, and adjusted EBITA (Earnings Before Interest, Tax and Amortization) was RMB 165.028 billion, a year-on-year increase of 12%. Alibaba Group's operating profit was 113.35 billion yuan, a year-on-year increase of 13%; The non GAAP net profit was 157.479 billion yuan, a year-on-year increase of 11%.
It is reported that in the past year, Alibaba Group has taken the initiative to transform and firmly invested in the three major areas of Taobao and Tmall core user experience, core public cloud products and AI infrastructure, and overseas e-commerce, focusing on the strategic direction of "user first, AI driven". In the fourth fiscal quarter, Taobao and Tmall achieved double-digit year-on-year growth in online GMV, with positive feedback from consumers for improved user experience. The number and frequency of purchases both increased strongly, and the order volume achieved double-digit year-on-year growth; Alibaba Cloud actively optimized its product structure and improved revenue quality, with double-digit year-on-year growth in core public cloud product revenue and triple digit year-on-year growth in AI related revenue.
Alibaba Group's adjusted EBITA for the fourth quarter decreased by 5% year-on-year to RMB 23.969 billion, mainly due to increased investment in e-commerce business and retention incentives granted to Cainiao employees.
Logomoney.com is an information publishing platform that only provides information storage space services.
Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

因醉鞭名马幌
  • Follower

    0

  • Follow

    0

  • Article

    43