Alibaba Group Holding Limited
- Alibaba Group Holding Ltd. plunged 8.2% to $123.05 after the China-based e-commerce company reported March quarter and full-year results.
Revenue in the March quarter increased 7% to 236.45 billion yuan from 221.87 billion yuan, net income surged 279% to 12.38 billion yuan from 3.27 billion yuan, and diluted earnings per share rose 296% to 65 yuan cents from 16 yuan cents a year ago.
The company repurchased 51 million ordinary shares, equivalent to 6 million ADSs, for a total of $0.6 billion during the quarter, and for the fiscal year, the retailer repurchased 1.197 billion ordinary shares, equivalent to 150 million ADSs, for a total of $11.9 billion.
In addition, the company approved a two-part dividend in the total amount of 25 cents per ordinary share, or $2.00 per ADS.
For the full year, revenue edged up to 996.35 billion yuan from 941.17 billion yuan, net income jumped to 130.11 billion yuan from 80.01 billion yuan, and diluted earnings per share rose to 6.70 yuan from 3.91 yuan a year ago.
May 16, 2025
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