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Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down 69% YoY to ~$2B, Taobao and Tmall revenue up 2% YoY to ~$18B, and approves a $25B share buyback

- The move may appeal to some investors as growth plateaus  — Alibaba is grappling with market and internal uncertainty

Bloomberg Jane Zhang

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  • @deitaone @deitaone on x
    $BABA RESULTS: Q3 ❖ Alibaba boosts share buyback program by $25B ❖ Revenue 260.35B yuan, +5.1% y/y, EST 261.25B yuan ❖ Total Taobao and Tmall Group revenue 129.07B yuan, +32% q/q, EST 133.33B yuan ❖ Total Alibaba International Digital Commerce Group revenue 28.52B yuan,...
  • @thetranscript_ @thetranscript_ on x
    Alibaba double beat. CEO: “We delivered a solid quarter...” CFO: “...a healthy quarter with revenue growth of 5% YoY...Our board of directors approved an increase of $25B to our share repurchase program” $BABA: +0.8%PM [image]