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Alibaba guides for higher revenues after revenue growth of 22% in Q4

Friday 22 May 2020 | 17:41 CET | News
Revenues for Alibaba's fiscal fourth quarter rose 22 percent from the year to CNY 114.314 billion, compared to growth of 38 percent in the previous quarter and 40 percent in the one before that. The adjusted EBITDA increased by 1 percent to CNY 25.440 billion, against growth of 37 percent in fiscal Q3. The net profit meanwhile sank 88 percent to CNY 3.162 billion, compared to an increase of 62 percent sequentially. 

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Categories: Internet
Companies: Alibaba
Countries: China
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