Summary by Moomoo AI
Alibaba Group Holding Limited (NYSE: BABA) released its unaudited earnings report for the quarter ended June 30, 2024 on August 15, 2024. The quarter's revenue was CNY 243.28 billion (approximately USD 33.47 billion), an increase of 4% year-on-year. Operating profit was CNY 35.99 billion (approximately USD 4.95 billion), a decrease of 15% year-on-year. Net profit attributable to ordinary shareholders was CNY 24.27 billion (approximately USD 3.34 billion), and net profit was CNY 24.02 billion (approximately USD 3.31 billion), a decrease of 27% year-on-year. Non-GAAP net profit was CNY 40.69 billion (approximately USD 5.60 billion), a decrease of 9% year-on-year. Diluted earnings per American Depositary Share (ADS) were CNY 9.89 (approximately USD 1.36), and non-GAAP diluted earnings per ADS were CNY 16.44 (approximately USD 2.26), a decrease of 5% year-on-year. Alibaba...Show More