===Alibaba (BABA)reported earnings on Wed 7 Feb 24 (b/o)

 

Alibaba misses by $0.15, reports revs in-line; approves $25 bln increase to share repurchase program

• Reports Q3 (Dec) earnings of RMB 18.97 per share, excluding non-recurring items, RMB 0.15 worse than the FactSet Consensus of RMB 19.12; revenues rose 5.1% year/year to RMB 260.35 bln vs the RMB 260.26 bln FactSet Consensus.
  • Free cash flow, a non-GAAP measurement of liquidity, was RMB56,540 million (US$7,963 million), a decrease of 31% compared to RMB81,514 million in the same quarter of 2022.
  • For the quarter ended December 31, 2023, revenue from Taobao and Tmall Group was RMB129,070 million (US$18,179 million), a growth of 2% year-over-year.
  • For the quarter ended December 31, 2023, revenue from Cloud Intelligence Group was RMB28,066 million (US$3,953 million), a growth of 3% year-over-year.
  • For the quarter ended December 31, 2023, revenue from AIDC grew 44% year-over-year to RMB28,516 million (US$4,016 million).
• Our board of directors has approved an increase of US$25 billion to our share repurchase program through the end of March 2027. Following this upsize, we currently have US$35.3 billion available under our share repurchase program through the next three fiscal years.