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Alibaba down 1.7% after earnings miss

Published 05/18/2017, 07:24 AM
© Reuters.  Alibaba down 1.7% after earnings miss
BABA
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  • FQ4 $5.6B up 60% Y/Y; core commerce revenue of $4.587B up 47%; cloud computing revenue of $314M up 103%; digital media and entertainment revenue of $571M up 234%; innovation initiatives and other revenue of $133M up 88%.
  • Annual active buyers on Chinese retail marketplaces of 454M up 11M from last quarter; mobile MAUs of 507M up 14M.
  • Number of paying customers on cloud business rose to 874K from 765K in Dec. quarter; adjusted EBITDA loss of $24M.
  • Non-GAAP free cash flow of $1.159B.
  • New $6B buyback program authorized - repurchases will mostly be to offset stock-based compensation.
  • Conference call at 7:30 ET
  • Previously: Alibaba misses by $0.02, beats on revenue (May 18)
  • BABA -1.7% premarket
  • Now read: Alibaba: The Enron Of The East?


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