1、 1 Alibaba Group Announces June Quarter 2024 Results Hangzhou,China,August 15,2024 Alibaba Group Holding Limited(NYSE:BABA and HKEX:9988(HKD Counter)and 89988(RMB Counter),“Alibaba”or“Alibaba Group”)today announced its financial results for the quarter ended June 30,2024.“Our results this quarter de
2、monstrated our strategy at work.Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilizing market share of Taobao and Tmall Group as we returned the business on the growth trajectory.The cloud business achieved positive revenue grow
3、th momentum,driven by public cloud and AI-related product adoption as we continue to invest to maintain our market leadership,”said Eddie Wu,Chief Executive Officer of Alibaba Group.“In this quarter,we continue to invest for growth in our core businesses while reducing losses in other business units
4、 through operating efficiency.We maintained the integrity of our margins and delivered consistent adjusted EBITA.We also returned significant value to shareholders at a pace higher than past quarters,as we made US$5.8 billion of share repurchases that included a concurrent repurchase of shares in co
5、nnection with our convertible notes offering.This transaction underscores our confidence in our business outlook,”said Toby Xu,Chief Financial Officer of Alibaba Group.BUSINESS HIGHLIGHTS In the quarter ended June 30,2024:Revenue was RMB243,236 million(US$33,470 million),an increase of 4%year-over-y
6、ear.Income from operations was RMB35,989 million(US$4,952 million),a decrease of 15%or RMB6,501 million year-over-year,primarily due to a reversal of share-based compensation expense of RMB6,901 million during the same quarter in the prior year,as discussed in“June Quarter Other Financial Results”be