On the evening of May 14, Beijing time, Sina Technology News reported that Alibaba (NYSE: BABA; HKEX: 9988) today released financial results for the fourth fiscal quarter and full year of fiscal year 2024 ending March 31. In the fourth fiscal quarter, revenue was 221,874 billion yuan, up 7% year-on-year. Net profit was $919 million, down 96% year on year; net profit was 24.418 billion yuan, down 11% year on year without US GAAP.
For the full year of fiscal year 2024, revenue was 941,168 billion yuan, an increase of 8% over the previous year. Net profit was 71,332 billion yuan, up 9% year on year; net profit was 157.479 billion yuan, up 11% year on year (note: Alibaba's fiscal year was not synchronized with the natural year; the fiscal year of April 1, fiscal year 2023 to March 31, 2024 was fiscal year 2024).
Summary of the fourth fiscal quarter results of the six major divisions:
[Taotian Group, including Taobao, Tmall, Leisure Fish, 1688.com, and other businesses]
The revenue of Taobao and Tmall Group was 93.216 billion yuan (about US$12.91 billion), an increase of 4% over the previous year.
[Cloud Intelligence Group, including Alibaba Cloud, DingTalk, and other businesses]
Revenue from Cloud Intelligence Group (CIG) was 25.595 billion yuan (approximately US$3.545 billion), an increase of 3% over the previous year.
[International digital business groups, including Lazada, AliExpress, Trendyol, Alibaba.com and other businesses]
International Digital Commerce Group's revenue was 27.448 billion yuan (approximately US$3.802 billion), up 45% year over year.
[Cainiao Group]
Revenue from Cainiao Group (CSNLL) was 24.557 billion yuan (approximately US$3.401 billion), an increase of 30% over the previous year.
[Local Life Group, which mainly includes the “Go Home” business Hungry and the “Go to Your Destination” business Gaode]
Revenue from Local Life Group (LSG) was 14.628 billion yuan (approximately US$2,026 billion), an increase of 19% over the previous year.
[Dawen Entertainment Group, including Youku, Damai.com, and Alibaba Pictures]
Revenue from DMEG was 4.945 billion yuan (approximately US$685 million), down 1% year over year.