On August 15th, Caixin News Agency reported that Alibaba Group released its quarterly performance as of June 30, 2024, with a revenue of 243.236 billion yuan for the first quarter of 2025 (end of June quarter), a year-on-year increase of 4%, and a market estimate of 249.85 billion yuan; Adjusted EBITDA was 51.16 billion yuan, a year-on-year decrease of 1.7%, with an estimated 47.52 billion yuan; NON-GAAP net profit of 40.27 billion yuan; The adjusted net profit was RMB 40.69 billion, a year-on-year decrease of 9.4%. The adjusted earnings per ADS for the first quarter were RMB 16.44, compared to RMB 17.37 in the same period last year.
According to the financial report, as of June 30, 2024, Cainiao's revenue increased by 16% year-on-year to RMB 26.811 billion, continuing to grow steadily.
The financial report also showed that the total merchandise trading volume (GMV) of Taotian Group increased by high single digits year-on-year, with the number of buyers and purchase frequency continuing to grow, and the order volume achieving double-digit growth year-on-year. The revenue of Cloud Intelligence Group was RMB 26.549 billion (USD 3.653 billion), a year-on-year increase of 6%.
According to the financial report, Alibaba's investment income from Ant Group in the second quarter of 2024 was 3.917 billion yuan, compared to 4.364 billion yuan in the same period last year.
In addition, during the quarter ending June 30, 2024, Alibaba repurchased a total of 613 million ordinary shares (equivalent to 77 million American Depositary Shares) for a total price of $5.8 billion, including approximately $1.2 billion of American Depositary Shares repurchased through non-public market transactions on May 23, 2024, when convertible notes were issued. As of June 30, 2024, Alibaba has 19.024 billion shares of common stock in circulation (equivalent to 2.378 billion American depositary shares). Compared to March 31, 2024, there was a net decrease of 445 million ordinary shares, with a net decrease ratio of 2.3% (after considering the shares issued under the equity incentive plan).