Account Info
Log Out
Log in to access Online Inquiry
Back to the Top

Alibaba Q1 FY23 Earnings Highlights

BABA earnings beat estimates, whereas revenue declines since IPO
Claim your Earnings Season offer here by winning Rewards Points and discovering Investment Opportunities!
Alibaba Q1 FY23 Earnings Highlights
Alibaba Q1 FY23 Earnings Highlights
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:
Alibaba Q1 FY23 Earnings Highlights
Alibaba Q1 FY23 Earnings Highlights
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!
1) Inspiration Reward: Based on comment originality, quality and engagement, One mooer has the chance to win 600 points! The other Two mooers will win 300 points for each!

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.

For more information:
Touch the wealth collection NOW! >>

Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data:
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC). In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS).Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services License (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
Sign in to post a comment

View more comments...