Q1 2026 Alibaba Group Holding Ltd Earnings Call (Chinese, English) Transcript
Key Points
- Alibaba Group Holding Ltd (BABA) reported a 10% year-over-year revenue growth on a like-for-like basis, excluding Sun Art and Intime.
- The Cloud Intelligence Group saw a 26% year-over-year revenue increase, driven by AI demand and customer adoption.
- AI-related product revenue maintained triple-digit growth for the eighth consecutive quarter, with AI-related revenue accounting for over 20% of revenue from external customers.
- Alibaba's strategic partnership with SAP highlights its cloud infrastructure and AI capabilities, enhancing its global enterprise recognition.
- The integration of Taobao and Tmall Group, Ele.me, and Fliggy into Alibaba China e-commerce group aims to create a comprehensive consumption platform, enhancing consumer experience and driving synergies.
- Adjusted EBITA decreased by 14%, primarily due to strategic investments in quick commerce, impacting profitability.
- Free cash flow was an outflow of RMB18.8 billion, attributed to increased CapEx in AI + Cloud infrastructure and Taobao instant commerce.
- The adjusted EBITA from Alibaba China e-commerce group decreased by 21%, despite growth in other areas.
- All other segment revenue decreased by 28%, primarily due to the disposal of Sun Art and Intime.
- The company faces challenges in achieving efficiency in its quick commerce business, with significant upfront investments required for new user acquisition.
Good day, ladies and gentlemen. Thank you for standing by Welcome to Alibaba Group's June quarter 2025 results conference call. (Operator Instructions)
I would now like to turn the call over to Lydia Liu, Head of Investor Relations of Alibaba Group. Please go ahead
Good day, everyone. Welcome to Alibaba Group's June quarter 2025 earnings conference call.
With us today are Joe Tsai, Chairman; Eddie Wu, Chief Executive Officer; Toby Xu, Chief Financial Officer; Jiang, Fan, Chief Executive Officer of Alibaba E-commerce Business Group.
This call is also being webcast from the IR section of our company website. A replay of the call will be available on our website later today.
Now, I will quickly cover the Safe Harbor. Today's discussions may contain forward-looking statements, particularly statements about our business and financial resources, that are subject to risk and uncertainties, which could cause actual results to differ materially from those contained
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