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Alibaba Q1 FY23 Earnings Highlights
BABA earnings beat estimates, whereas revenue declines since IPO
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KEY Figures:
● Revenue was $30,689 million and declined 0.1% YoY mainly due to the softness in China commerce segment.
● Non-GAAP net income was $4,517 million, a decrease of 30% YoY, primarily due to the decrease in results of equity method investees and a decrease in adjusted EBITA.
● Net cash provided by operating activities was $5,057, an increase of 1% YoY. Free cash flow, a non-GAAP measurement of liquidity, was $3,310 million, an increase of 7% compared to the Q1 2021.
● For the $25B stock buybacks authorization, $3.5B was just finished in Q1 and there is still $12B remaining.
● Alibaba's short-term investments totaled $41.3B at the end of the Q1 FY23. Alibaba still has large cash & equivalents of $26.4B on the balance sheet.
More statistics:
KEY Points:
● International commerce retail business decreased 3%, which was primarily due to the declining orders of AliExpress for changes in the European Union’s VAT rules and supply chain disruptions due to the Russia-Ukraine conflict. These impacts are partly offset by Lazada’s GMV growth and active increase in monetarization initiatives that resulted in higher monetarization rate.
● China customer management revenue decreased 10% YoY, primarily because online physical goods GMV generated on Taobao and Tmall declined mid-single-digit and increased order cancellation due to the impacts from COVID-19 resurgence and supply disruptions.
● There is an increase of 10% YoY revenue growth in the Cloud segment, which reflected recovering growth of overall non-Internet industries, driven by financial services, public services, and telecommunication industries;
● The SEC recently added Alibaba to a list of Chinese companies that could potentially be delisted. The investor’s emotion could be hurter again.
● Alibaba will further pursue high-quality and high-efficiency growth, which might contribute to the improvement in EBITDA margin.
The KEY in your hands:
By August 2022, BABA’s share price has dropped about 23% since the start of 2022, underperforming the S&P 500, which was about 13% declined in the same period.
Therefore, how do you see the BABA currently? What is your opinion or analysis about it? Speak out with mooers and get inspired by sharing!
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2) Participation Reward: We will provide 60 points for everyone who comments here with relevant posts over 15-word. For sure, any comment is welcomed!
*You can exchange abundant gifts at Rewards Club. Comments before August 21 ET will be counted. The above rewards are mutually exclusive.
Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: otp.investis.com/clients/us/alibaba/SEC/sec-show.aspx?Type=html&FilingId=15998404&Cik=0001577552
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Milk The Cow : I think hold, maybe![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
? Not sure if he still sticking to his stand now ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.
Heard news that it may get delisted
However, I also heard news that Charlie Munger is not selling
搞经济 抄底 加仓 : Should be a BuY.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
70% of the Amazon products come from Baba Amazon grown will very much depends on Baba. That my personal views. so Correct me if I'm wrong
FuruX2 : Good value. Good corporate discipline.
RDK79 : Will add if it dips a bit more.
whqqq : Just need some patience, an epic short squeeze is coming this week!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
momogreedy : Buy the dip now, if you want fly to moon.
ヤ 小ziiiヤ紫 搞经济 抄底 加仓 : i
jitter : i feel should be a buy. given that it is going for double listing in NYSE and HK, more accessible to local investor will push the price higher.
kukubird : this is a buy if you have long term holding power and have confidence in china long term prospects
momogreedy : Buy the dip, and will fly to moon. No worries take 5years plan
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