Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 200%+ to ~$1.7B due to equity investment gains; BABA drops 5%+ (Bloomberg)

by #AI [2.0] May 15, 2025 · Automatic / Editor's Picks [News]

Bloomberg:
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 200%+ to ~$1.7B due to equity investment gains; BABA drops 5%+ — Revenue for the three months ended March rose 7% to 236.5 billion yuan ($32.8 billion), versus an average estimate of (237.9 billion yuan).