Thursday, 8 February 2024

Alibaba Group (BABA) 3Q24 Earnings: Key financials and quarterly highlights

by Rose White

Alibaba Group Holding Limited (NYSE: BABA) reported third quarter 2024 earnings results today.

Alibaba Group (BABA) 3Q24 Earnings: Key financials and quarterly highlights

Revenue was $36.7 billion, up 5% year-over-year.

Net income attributable to ordinary shareholders was $2.03 billion.

Diluted earnings per ADS was $0.80.

Adjusted earnings per ADS was $2.67, down 2% year-over-year.  

As of December 31, 2023, cash and cash equivalents, short-term investments and other treasury investments included in equity securities and other investments on the consolidated balance sheets, were $92 billion.

Prior performance

The post Alibaba Group (BABA) 3Q24 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

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