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
发表于 2024-5-14 20:21:32
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.
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.
You may like
- Alibaba announces agreement to pay 3 billion yuan for settlement! But denies any inappropriate behavior
- Alibaba announces agreement to settle for 3.09 billion yuan!
- JD Alibaba's' Logistics Interconnection 'Upgrades Again: Cainiao Formally Enters JD's Third Party Platform
- JD.com and Alibaba upgrade to "interconnectivity", Cainiao joins JD's third-party platform
- NIO China increases capital to 7.43 billion yuan
- AMD's third quarter revenue of $6.8 billion and net profit saw a significant increase of three digits year-on-year and month on month
- Alibaba gains another listed company to focus on the Southeast Asian e-commerce market
- JinkoSolar's net profit in the third quarter decreased by 99.4% year-on-year
- Ideal Auto's third quarter revenue was 42.9 billion yuan
-
On the evening of October 30th, Jingke Energy, a leading component integration company, released its third quarter performance. From January to September 2024, the company achieved a shipment of 73.1 ...
- tonyluffy
- Yesterday 15:01
- Up
- Down
- Reply
- Favorite
-
Xinhua Finance Shanghai, October 31 (Reporter Xu Xiaoqing) - On October 31, Beijing time, Starbucks released its Q4 2024 financial report and annual report (as of September 29, 2024), showing a long- ...
- wangxmyg
- Yesterday 15:47
- Up
- Down
- Reply
- Favorite
-
According to a report by Morgan Stanley, AMD's quarterly performance met expectations, but market reactions indicate that the company is facing high expectations challenges. The bank still sees inves ...
- mbirayu
- Yesterday 15:38
- Up
- Down
- Reply
- Favorite
-
Just a few months ago, Samsung Electronics seemed to be preparing to benefit from the global artificial intelligence (AI) boom: the company's profits soared and its stock price reached a historic hig ...
- sunny77
- day before yesterday 11:56
- Up
- Down
- Reply
- Favorite