PANews reported on November 25th that, according to Jinshi, Alibaba (09988.HK) reported revenue of RMB 247.795 billion for the second fiscal quarter of 2026, a year-on-year increase of 4.8%, exceeding market expectations. Cloud and AI revenue reached RMB 39.82 billion, higher than estimated, while Ant Group's profit reached RMB 8.37 billion, a year-on-year increase of 10.3%. However, adjusted net profit was RMB 10.35 billion, lower than the estimated RMB 16.8 billion, and earnings per ADS were also below expectations at RMB 4.36. The company stated that it will continue to increase investment in AI and consumer sectors, and short-term profitability will fluctuate.PANews reported on November 25th that, according to Jinshi, Alibaba (09988.HK) reported revenue of RMB 247.795 billion for the second fiscal quarter of 2026, a year-on-year increase of 4.8%, exceeding market expectations. Cloud and AI revenue reached RMB 39.82 billion, higher than estimated, while Ant Group's profit reached RMB 8.37 billion, a year-on-year increase of 10.3%. However, adjusted net profit was RMB 10.35 billion, lower than the estimated RMB 16.8 billion, and earnings per ADS were also below expectations at RMB 4.36. The company stated that it will continue to increase investment in AI and consumer sectors, and short-term profitability will fluctuate.
Alibaba's Q2 revenue exceeded expectations, but profits lagged behind; Ant Group's profits increased by 10.3% year-on-year.
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PANews reported on November 25th that, according to Jinshi, Alibaba (09988.HK) reported revenue of RMB 247.795 billion for the second fiscal quarter of 2026, a year-on-year increase of 4.8%, exceeding market expectations. Cloud and AI revenue reached RMB 39.82 billion, higher than estimated, while Ant Group's profit reached RMB 8.37 billion, a year-on-year increase of 10.3%. However, adjusted net profit was RMB 10.35 billion, lower than the estimated RMB 16.8 billion, and earnings per ADS were also below expectations at RMB 4.36. The company stated that it will continue to increase investment in AI and consumer sectors, and short-term profitability will fluctuate.
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