Alibaba Group today announced financial results for the quarter ended December 31, 2019. Highlights of the group’s fiscal third-quarter earnings are in the infographic and summary below. To read Alibaba Group’s press release covering the results in greater detail, click here.

Highlights

• Revenue growth of 38% YoY; adjusted EBITDA growth of 37% YoY
• Annual active consumers reached 711 million, driven by continued new user acquisition
• Extended cloud computing leadership in China; surpassed RMB10 billion in quarterly cloud revenue for the first time

December Quarter Financial Review

• Revenue was RMB161.5 billion (US$23.2 billion), up 38% YoY
• Net income attributable to ordinary shareholders was RMB52.3 billion (US$7.5 billion), up 58% YoY
• Adjusted EBITDA increased 37% YoY to RMB55.9 billion (US$8.0 billion)
• Non-GAAP free cash flow of RMB78.3 billion (US$11.2 billion), up 52% YoY

Strong Momentum in Core Commerce

Expanding Leadership Across Consumption Value Chain

• Core Commerce revenue of RMB141.5 billion (US$20.3 billion), up 38% YoY, with continued growth from China retail marketplaces
• Marketplace-based core commerce adjusted EBITA grew 22% YoY to RMB66.4 billion (US$9.5 billion)
• 2019 11.11 Global Shopping Festival delivered another record-breaking event, generating RMB268.4 billion (US$38.4 billion) in GMV settled through Alipay on our retail marketplaces and consumer services platforms – up 26% YoY – with over 200,000 participating brands

Solid User Growth and Engagement

• Annual active consumers on China retail marketplaces reached 711 million, adding another 18 million consumers during the quarter, over 60% of which were from less developed areas
• Mobile MAUs reached 824 million in December 2019, an increase of 39 million over September 2019

Local Consumer Services Growth Driven by Synergies Across Alibaba Digital Economy

• Local consumer services revenue up 47% YoY driven by robust order growth and continued penetration into less developed areas
• GMV from less developed areas grew approximately 40% YoY
• 48% of new Ele.me customers generated from the Alipay app

Growing Merchant Adoption of Cainiao Network

• Cainiao revenue up 67% YoY driven by increased merchant adoption of “Fulfilled by Cainiao” cross-border services
• Cainiao Network and its logistics partners handled and delivered record 1.29 billion packages generated from the 11.11 Global Shopping Festival

Strong Growth in Global Markets

• Lazada quarterly orders were up 97% YoY and quarterly active merchants doubled YoY
• AliExpress continues to deliver robust user and GMV growth by leveraging Alibaba’s digital commerce technology and global logistics infrastructure; 11.11 Global Shopping Festival generated AliExpress GMV growth of 46% YoY

Continued Cloud Leadership

• Cloud computing revenue grew 62% YoY to RMB10.7 billion (US$1.5 billion), driven by increased revenue contributions from both our public cloud and hybrid cloud businesses
• For the first time, generated over RMB10 billion in cloud computing revenue in a single quarter

Digital Media and Entertainment

• Youku’s average daily subscribers increased 59% YoY driven by more effective targeting of new subscribers during key promotional campaigns, an increase of auto-renewal subscribers and greater contribution from the 88VIP membership program on our China retail marketplaces
• Digital Media and Entertainment revenue grew 14% YoY to RMB7.4 billion (US$1.1 billion)

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