Alibaba's net profit attributable to ordinary shareholders decreased fourfold year-on-year in the first quarter of the 2026-2027 financial year, ending in June, amounting to 10.537 billion yuan ($1.6 billion), according to the company's announcement.
The diluted earnings per share fell to 0.46 yuan ($0.07) from 2.5 yuan in the same period of the previous financial year. Adjusted EBITDA decreased by 14.4% year-on-year to 39.143 billion yuan ($5.8 billion).
Alibaba's revenue grew by 9% year-on-year, reaching 268.953 billion yuan ($40 billion), while analysts' forecast cited by Reuters was 268.88 billion yuan.
Alibaba Group is the largest internet company in China and operates in the e-commerce sector. It was founded by Jack Ma in 1999. The group also owns several subsidiaries and online platforms, including Alibaba Pictures, Alibaba.com, AliExpress.com, Taobao.com, and Tmall.com.
