Alibaba stock drops after earnings miss and Apple partnership concerns

From Google: 2025-05-21 11:52:00

Alibaba stock drops after earnings miss and concerns about Apple partnership. Revenue increased 34% to $31.41 billion, but fell short of analyst expectations. The company reported a net income of $3.69 billion, down from $4.97 billion a year ago. Investors remain cautious about the impact of the US-China trade war.

Alibaba’s cloud computing business saw strong growth, with revenue up 84% to $2.1 billion. The company’s core commerce business also performed well, with revenue up 44% to $27.23 billion. However, concerns about the impact of the US-China trade war and the company’s partnership with Apple are weighing on investor sentiment.

Alibaba’s earnings miss and concerns about its partnership with Apple have caused its stock price to drop. The company’s revenue increased 34% to $31.41 billion, but fell short of analyst expectations. Alibaba’s net income also decreased to $3.69 billion from $4.97 billion a year ago, raising concerns among investors.



Read more at Google: Is Alibaba Stock Still a Buy After Earnings Miss and Apple Partnership Concerns? – The Globe and Mail