Alibaba (BABA) Tops Q3 EPS by 62c

Alibaba (NYSE: BABA) reported Q3 EPS of RMB6.43, RMB0.62 better than the analyst estimate of RMB5.81. Revenue for the quarter came in at RMB34.54 billion versus the consensus estimate of RMB33.26 billion.

• Annual active buyers on our China retail marketplaces increased to 407 million, an increase of 21 million from the prior quarter, while mobile MAUs in December reached 393 million, an increase of 47 million over the prior quarter;
• GMV transacted on our China retail marketplaces was RMB964 billion (US$149 billion), an increase of 23% year-over-year (and a net addition of RMB177 billion (US$27 billion) from the same quarter of 2014), with mobile GMV accounting for 68% of total GMV;

“Alibaba Group had an outstanding quarter, reaching a milestone of over 400 million annual active buyers and continuing our unrivaled leadership in mobile. Our proven ability to deliver an unparalleled consumer experience and to help merchants attract, engage and retain buyers will drive future growth in our core business,” said Daniel Zhang, Chief Executive Officer of Alibaba Group. “We remain focused on our top strategic priorities, including global imports, rural expansion, increasing our footprint in first-tier Chinese cities and building a world-class cloud computing business.”

“We had excellent results this quarter. We achieved impressive revenue growth as we are increasingly monetizing the user activity on our marketplaces, particularly on mobile devices. In this quarter, revenue grew 32% year-over-year and China retail marketplace revenue grew 35% year-over-year,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “Meanwhile, we generated strong free cash flow of US$3.7 billion this quarter. The fundamental strength of our core business gives us the confidence to invest in our strategic priorities.”

For earnings history and earnings-related data on Alibaba (BABA) click here.

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