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alibaba 4th quarter earnings pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

How did Alibaba Group Holding Limited perform in Q4 2024?

Alibaba Group Holding Limited BABA reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.40 per ADS (RMB 10.14), which beat the Zacks Consensus Estimate by 12.9%. The figure decreased 5% from the year-ago quarter’s reported number in RMB terms. Revenues of RMB 221.87 billion ($30.73 billion) rose 7% from the year-ago quarter.

Why did Alibaba drop 6% in fourth-quarter profit?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights May 14 (Reuters) - China's Alibaba Group Holding (9988.HK) reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its U.S.-listed shares down almost 6% in early trading though revenue beat forecasts.

Why did Alibaba's revenue rise 2% in fiscal quarter?

Revenues of RMB 208.2 billion ($30.32 billion) rose 2% from the year-ago fiscal quarter’s level. However, the top line lagged the Zacks Consensus Estimate of $30.35 billion. The top-line increase was driven by growing momentum across Alibaba’s international commerce business.

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