The earnings call presented a positive outlook with significant growth in revenue, especially in AI and Cloud sectors, and strong shareholder returns. However, there are areas of concern such as the decrease in free cash flow and potential EBITDA fluctuations due to strategic investments.

Company Guidance -

Q1 2026

During Alibaba Group's March Quarter 2025 and Full Fiscal Year 2025 Results Conference Call, the company reported a strong financial performance. Key metrics included a 10% year-over-year increase in total revenue, excluding Sun Art at Intime, and a 36% year-over-year rise in adjusted EBITDA. Alibaba Cloud's revenue growth accelerated to 18%, with AI-related product revenue maintaining triple-digit growth for the seventh consecutive quarter. The Taobao and Tmall Group saw a 12% year-over-year increase in customer management revenue, while AIDC achieved a 22% year-over-year revenue growth. Alibaba also announced a total of $16.5 billion returned to shareholders through dividends and share repurchases. Operating cash flow increased by 18% to RMB27.5 billion, although free cash flow decreased by 76% to RMB3.7 billion due to increased cloud infrastructure expenditure. The strong financial results highlight Alibaba's focus on AI and cloud investments, e-commerce growth, and operational efficiency improvements.

Strong Revenue and EBITDA Growth

Total revenue excluding Sun Art at Intime grew 10% year-over-year, and adjusted EBITDA increased 36% year-over-year.

AI and Cloud Expansion

Alibaba Cloud's revenue grew 18% this quarter, with AI-related product revenue maintaining triple-digit growth for the seventh consecutive quarter.

E-commerce User Growth

Taobao and Tmall Group saw user growth with 88VIP members surpassing 50 million, and customer management revenue rose 12% year-over-year.

Profitability in Digital Media and Entertainment

The Digital Media and Entertainment Group achieved profitability on an adjusted EBITDA basis this quarter.

Shareholder Returns

An annual dividend of $1.05 per ADS was approved, along with a special dividend of $0.95 per ADS, and $11.9 billion in share repurchases were made, totaling $16.5 billion returned to shareholders.

Alibaba (GB:0HCI) Earnings, Revenues Date & History

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GB:0HCI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 29, 2025	2026 (Q1)	2.06 / -	2.294	―	―	―
May 15, 2025	2025 (Q4)	1.75 / 1.75	1.415	23.47% (+0.33)
Feb 20, 2025	2025 (Q3)	2.72 / 2.98	2.647	12.76% (+0.34)
Nov 15, 2024	2025 (Q2)	2.07 / 2.10	2.181	-3.65% (-0.08)
Aug 15, 2024	2025 (Q1)	2.09 / 2.29	2.423	-5.35% (-0.13)
May 14, 2024	2024 (Q4)	1.43 / 1.41	1.494	-5.32% (-0.08)
Feb 07, 2024	2024 (Q3)	2.67 / 2.65	2.687	-1.51% (-0.04)
Nov 16, 2023	2024 (Q2)	2.12 / 2.18	1.803	20.98% (+0.38)
Aug 10, 2023	2024 (Q1)	2.04 / 2.42	1.636	48.08% (+0.79)
May 18, 2023	2023 (Q4)	1.32 / 1.49	1.109	34.72% (+0.39)

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

GB:0HCI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	$131.44	$129.94	-1.15%
Feb 20, 2025	$125.56	$122.36	-2.55%
Nov 15, 2024	$88.93	$88.14	-0.89%
Aug 15, 2024	$79.07	$77.13	-2.45%

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.