Jinwu Financial News | Alibaba (09988) announced that in the second fiscal quarter of 2025 (three months ending September 30, 2024), it recorded a net income attributable to shareholders of 43.874 billion yuan (RMB, the same below), an increase of 58.36% year-on-year. The basic earnings per share were 2.34 yuan, and the basic earnings per American depositary share were 18.71 yuan.

During the period, revenue reached 236.503 billion yuan, a year-on-year increase of 5.21%.

By segment, the Taotian Group achieved revenue of 98.994 billion yuan, a year-on-year increase of 1.37%; the adjusted EBITA was 44.59 billion yuan, a year-on-year decrease of 5%, mainly due to increased investment in user experience, partially offset by the increase in revenue from customer management services.

During the period, the Cloud Asia Vets Group achieved revenue of 29.61 billion yuan, a year-on-year increase of 7.10%, driven mainly by double-digit revenue growth from public cloud products, including AI-related products, partially offset by the decline in non-public cloud revenue caused by the group's gradual reduction of low-margin project-based contract revenue and focus on high-quality revenue.

During the period, Alibaba International Digital Business Group achieved revenue of 31.672 billion yuan, a year-on-year increase of 29.22%. The adjusted EBITA resulted in a loss of 2.905 billion yuan, compared to a loss of 0.384 billion yuan in the same period of 2023, mainly due to increased investment in AliExpress and Trendyol's cross-border business, partially offset by a significant reduction in operating losses caused by increased conversion rates and operational efficiency of Lazada.

During the period, the Cainiao Group achieved revenue of 24.647 billion yuan, a year-on-year increase of 7.99%, mainly driven by the growth in revenue from cross-border logistics fulfillment solutions. The adjusted EBITA was 55 million yuan, a year-on-year decline of 94%, mainly due to increased investment in cross-border logistics fulfillment solutions.

During the period, the Local Life Group achieved revenue of 17.725 billion yuan, a year-on-year increase of 13.88%, mainly driven by the growth in orders from Amap and Ele.me, as well as the increase in revenue from marketing services.

During the period, the Entertainment Group achieved revenue of 5.694 billion yuan, a year-on-year decrease of 1.47%, and the adjusted EBITA resulted in a loss of 0.178 billion yuan, compared to a loss of 0.201 billion yuan in the same period of 2023.