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Tuesday, January 24, 2017

Alibaba (BABA) reported earnings on Tue 24 Jan 2017 (b/o)

** charts before earnings **


** charts after earnings **


 Alibaba beats by $0.17, beats on revs; raises FY17 rev growth :
  • Reports Q3 (Dec) earnings of $1.30 per share, excluding non-recurring items, $0.17 better than the Capital IQ Consensus of $1.13; rev +54% to $7.67 bln vs. $7.34 bln consensus
    • Revenue from core commerce increased 45% year-over-year to RMB46,576 million (US$6,708 million).
    • Revenue from cloud computing increased 115% year-over-year to RMB1,764 million (US$254 million).
    • Revenue from digital media and entertainment increased 273% year-over-year to RMB4,063 million (US$585 million).
    • Revenue from innovation initiatives and others increased 61% year-over-year to RMB845 million (US$122 million).
    • Mobile MAUs on our China retail marketplaces reached 493 million in December, an increase of 43 million over September, while annual active buyers on our China retail marketplaces reached 443 million, an increase of 4 million from the 12-month period ended in September.
    • The number of paying customers of our cloud computing business grew to 765,000 from 651,000 in the previous quarter. Operating loss from cloud computing was RMB339 million (US$49 million) and adjusted EBITA loss was RMB92 million (US$13 million).
    • Adj. EBITDA +41% to $3.9 bln.
  • "The 11.11 Shopping Festival featured Alibaba at its best, integrating commerce, entertainment and social engagement, all happening globally at record scale. We are driving the age of 'New Retail,' which leverages big data and innovation to provide a seamless online and offline experience for nearly half a billion mobile monthly active users. This retail transformation will make it even easier and more efficient for brands and retailers to engage with these consumers anywhere, anytime."
  • Co issues upside guidance for FY17, raises FY17 revs to +53% (from +48%) to $23.8 bln vs. $22.28 bln Capital IQ Consensus Estimate.

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