Q1 2025 Alibaba Group Holding Ltd Earnings Call Transcript
Key Points
- Taobao and Tmall Group achieved steady year-over-year growth in orders and GMV.
- Alibaba Cloud revenue returned to positive growth, driven by core public cloud and AI products.
- 88 VIP members reached 42 million, indicating a strong premium member base.
- International e-commerce segment, AIDC, delivered 32% revenue growth.
- Lazada achieved single-month EBITDA profitability for the first time in July.
- Adjusted EBITDA decreased by 1% year-over-year to RMB45 billion.
- Non-GAAP net income decreased by 9% to RMB40.7 billion.
- GAAP net income declined by 27% due to a decrease in income from operations and increased impairment of investments.
- Free cash flow decreased by RMB21.7 billion to RMB17.4 billion.
- Sales and marketing expenses ratio increased by 1.7 percentage points year-over-year.
Group's June Quarter 2024 Results Conference Call. At this time, all participants are in listen only mode. (Operator Instructions) I would now like to turn the call over to Rob Lin, Head of Investor Relations of Alibaba Group. Please go ahead.
Good day, everyone, and welcome to Alibaba Group's June Quarter '24 Results Conference Call. With us are Joe Tsai, Chairman; Edi Wu, Chief Executive Officer; Toby Xu, Chief Financial Officer. We have also invited John Fan, Co-Chairman, and CEO of Alibaba International Digital Commerce Group to join the call. This call is also being webcasted from the Investor Relations section of our corporate website. A replay of the call will be available on our website later today.
Now let me quickly cover the safe harbor. Today's discussion may contain forward-looking statements, including without limitation statements about our strategies and business plans as well as our belief, expectation, and guidance about our business prospects such as the future growth of our business,
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