Futu News On February 24, Alibaba announced results for the quarter ended December 31, 2021 (corresponding to the third fiscal quarter of FY2022) before the US stock market:
Revenue was RMB 242.58 billion, an increase of 10% over the previous year;
Operating profit was RMB 7.068 billion, a year-on-year decrease of 86%;
Adjusted net profit was RMB 44.624 billion, down 25% year on year.
Attached:Alibaba quarterly results announcement for the end of December 2021
According to Bloomberg, analysts had anticipated Alibaba's Q3 revenue of 244.912 billion yuan for fiscal year 2022; the adjusted net profit was 43.874 billion yuan.
Meanwhile, Alibaba continued to push ahead with its share repurchase program this quarter, buying back about 10.1 million American depository shares for about 1.4 billion US dollars. In the nine months ending December 31, 2021, approximately 42.2 million American Depositary Shares were repurchased for a total of about 7.7 billion US dollars.
As of press release, Alibaba has rebounded before the market and is now up 1%.