Alibaba Group Holding Limited (NYSE:BABA) released quarterly results Wednesday, which had a marginally beneficial effect on its stock price.
Revenue was RMB 93,498 million ($13,932 million U.S.), an increase of 51% year-over-year.
Adjusted EBITA for core commerce was RMB 27,484 million ($4,095 million U.S.), an increase of 24% year-over-year. Our marketplace-based core commerce adjusted EBITA a non-GAAP measurement, increased 38% year-over-year to RMB 34,688 million ($5,169 million U.S.).
Net income attributable to ordinary shareholders was RMB 25,830 million ($3,849 million U.S.), and net income was RMB 23,379 million ($3,484 million U.S.). Non-GAAP net income was RMB 20,056 million ($2,988 million U.S.), an increase of 42% year-over-year.
In the quarter ended March 31, 2019, net cash provided by operating activities was RMB 18,553 million ($2,764 million U.S.), an increase of 29% compared to RMB 14,383 million in the same quarter of 2018. Free cash flow, a non-GAAP measurement of liquidity, in the quarter ended March 31, 2019 increased by 22% to RMB 10,714 million ($1,596 million U.S.), from RMB 8,767 million in the same quarter of 2018.
In March 2019, BABA’s China retail marketplaces had 721 million mobile MAUs, representing an annual and quarterly net increase of 104 million and 22 million, respectively. Annual active consumers on its China retail marketplaces was 654 million for the 12 months ended March 31, 2019, representing an annual and quarterly net increase of 102 million and 18 million, respectively.
"This robust growth reflects successful user acquisition programs," said Wednesday’s news release, "such as referrals through the Alipay app, and has been a leading indicator of increased consumption activities on our platforms. In fiscal year 2019, more than 70% of the increase in annual active consumers was from less developed cities."
Shares captured 44 cents to $175.28
