Alibaba Group Announces December Quarter 2023 Results

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Go back to Alibaba Group Announces December Quarter 2023 Results

Alibaba (BABA) pops as $25B buybacks increase outweighs soft results

February 7, 2024 6:38 AM EST

Alibaba (NYSE: BABA) announced today its results for the quarter ending December 31.

Earnings per share (EPS) came in at RMB18.97 ($2.67), missing analyst expectations of RMB19.17. The company's revenue reached RMB260.35 billion, just shy of the consensus forecast of RMB260.65 billion.

In a significant move to enhance... More

Alibaba (BABA) Increases Share Buyback by $25B

February 7, 2024 6:33 AM EST

Alibaba (NYSE: BABA) delivered a healthy quarter with revenue growth of 5% year-over-year. We increased our investment in strategic priorities and improved shareholder return by leveraging our strong balance sheet and cash flow. Our board of directors approved an increase of US$25 billion to our share repurchase... More