Alibaba Announces Strong 2025 Fiscal Year Q1 Results with Revenue Growth and Business Improvements
TapTechNews August 15th news, Alibaba has now announced its financial report for the first quarter of fiscal year 2025 (the second quarter of the natural year 2024). In this quarter, it achieved revenue of 243.236 billion yuan, a year-on-year increase of 4%. The adjusted EBITA profit was 45.035 billion yuan, exceeding market expectations.
The financial report data shows that the operating efficiency of multiple businesses other than e-commerce and cloud has improved, and the commercialization level has improved. The losses of businesses such as Ele.me and Lazada have significantly narrowed.
In this quarter, we continued to invest to drive the growth of core businesses, and other businesses achieved loss reduction through improving operational efficiency. We maintained a good profit margin and achieved a stable adjusted EBITA. Xu Hong, the chief financial officer of Alibaba Group, said.
Specifically, the quarterly online GMV of Taotian Group increased by a high single-digit year-on-year, and the order volume increased by double digits. The number of 88VIP members increased to more than 42 million. In this quarter, the adjusted EBITA of Taotian Group was 48.81 billion yuan, remaining stable year-on-year.
The revenue of Alibaba Cloud increased by 6% in this quarter, among which the income related to AI increased by triple digits year-on-year, boosting the public cloud business revenue to increase by double digits year-on-year. Adhering to the public cloud + AI strategy, the profit of Alibaba Cloud increased significantly this quarter, and the adjusted EBITA increased by 155% to 2.337 billion yuan.
Alibaba International Digital Commerce Group (AIDC), Local Life Group, and Cainiao all maintained relatively high growth, and the operating efficiency and commercialization ability were significantly improved. In this quarter, the growth of cross-border business drove the overall revenue of AIDC to achieve a high growth of 32%. Among them, the monetization rate and operating efficiency of Lazada improved, and it turned profitable in July after the adjusted EBITDA turned positive. The quarterly unit economic benefit of AliExpress Choice business improved significantly quarter-on-quarter.
The adjusted EBITA loss of the Local Life Group was significantly narrowed to 386 million yuan. In addition, the quarterly operating performances of Gaoxin Retail, Hema, Alibaba Health, and Lingxi Interactive Entertainment also improved.
The financial report shows that as of the quarter ending June 30, the outstanding common shares of Alibaba were 19.024 billion shares, and the number of common shares decreased by 445 million shares in the quarter, with a net decrease ratio of 2.3%. The continuous accelerating repurchase efforts not only created returns for shareholders but also demonstrated full confidence in the business prospects. According to statistics, in the past fiscal year 2024, Ali cumulatively invested 12.5 billion US dollars in repurchases, and the repurchase scale firmly ranked first among Chinese concept stocks.
