Alibaba Q4 sales jump 60%, plans USD 6 bln share buyback

Thursday 18 May 2017 | 14:45 CET | News

Alibaba announced a strong finish to its financial year, beating its annual target with the strongest quarterly sales growth since its IPO. The company also announced plans to buy back up to USD 6 billion in shares over the next two years. 

Revenues for the three months to March rose 60 percent to CNY 38.579 billion (USD 5.605 billion), driven by its expansion in cloud and media services and 47 percent sales growth in its core e-commerce business. Growth in e-commerce was driven both by more users, especially over mobile, as well as higher spending per user. Over the full year, sales increased 56 percent to CNY 158.273 billion, slightly better than the already increased target of 53 percent growth.

Quarterly adjusted EBITDA increased 44 percent to CNY 16.597 billion, and net profit rose 85 percent to CNY 9.852 billion, supported by a growing contribution from Ant Financial and investment gains. Adjusted free cash flow jumped to CNY 7.980 billion from CNY 4.388 billion a year ago, and Alibaba finished the year with total cash of CNY 146.747 billion.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Alibaba
Countries: China
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Alibaba to create R&D teams to develop core technologies

Published 13 Mar 2017 15:02 CET | World
Alibaba has announced it will establish independent research and development teams to develop core technologies that support its ...

Alibaba raises FY sales growth outlook after strong Q3

Published 24 Jan 2017 15:51 CET | China
Alibaba Group has raised its full-year sales growth target to 53 percent from 48 percent, after reporting a third consecutive ...

Alibaba Q3 revenues up 55%, led by m-commerce, video

Published 02 Nov 2016 16:53 CET | China
Alibaba reported another strong set of results in Q3, with growth increasingly driven by its cloud and entertainment services. ...