Alibaba Group: Q1 Earnings Insights

Shares of Alibaba Group Holding BABA fell 1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 14.75% over the past year to $2.10, which beat the estimate of $1.99.

Revenue of $21,762,000,000 up by 29.99% year over year, which beat the estimate of $21,340,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Alibaba Group Holding hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 20, 2020

Time: 07:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3pkoeev3

Price Action

Company's 52-week high was at $268.00

Company's 52-week low was at $161.68

Price action over last quarter: Up 27.65%

Company Description

Alibaba is the world's largest online and mobile commerce company, measured by GMV (CNY 5.7 trillion/$846 billion for the fiscal year ended March 2019). It operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China marketplaces accounted for 68% of revenue in fiscal 2019, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include international retail/wholesale marketplaces (7%), cloud computing (7%), digital media and entertainment platforms (6%), Cainiao logistics services (4%), and innovation initiatives/other (1%). Mobile GMV accounted for roughly 85% of consolidated GMV in fiscal 2019.