Alibaba Group exceeds Q4 earnings expectations with higher EPS and revenue, focusing on AI growth.
From Nasdaq: 2025-02-20 17:13:43
Alibaba Group (NYSE:BABA) reported fourth-quarter earnings for 2024, exceeding market expectations. Non-GAAP EPS reached $2.93, surpassing the projected $2.66, with revenue totaling $38.381 billion, beating the forecast of $38.102 billion. The company’s performance highlights growth in key segments like China Commerce, Cloud Intelligence, and International Digital Commerce.
Despite a slight decline in free cash flow to $5.346 billion, Alibaba remains focused on AI-led solutions for future growth. Management is optimistic about leveraging AI capabilities to strengthen its commerce ecosystem and expand internationally. The company anticipates continued revenue growth in 2025, particularly in cloud services and international commerce.
Read more at Nasdaq: Alibaba Group EPS Rises, Cash Flow Dips
