Insight Report 3 minutes PremiumAlibaba (BABA) FY3Q17 Results: Another Solid Quarter Thanks to Robust Online Ad Growth Coresight Research January 25, 2017 Executive Summary Alibaba reported FY3Q17 revenue of ¥53.3 billion, up 54.1% year over year, and beat consensus by 6%. The company attributed the strong results to robust growth of online marketing service revenue, as well as growth in commission revenue and consumer usage. Core commerce revenue reached ¥46.6 billion, up 45% year over year. The growth was mainly driven by the 42% year-over-year increase in China retail revenue of ¥40.8 billion. International retail revenue growth also accelerated to 288% year over year, thanks to AliExpress and Lazada. Cloud computing sales reached ¥1.8 billion, up 115% year over year, driven by a 99.7% year-over-year increase in the number of paying customers to 765,000, as well as an increase in their usage of cloud computing. Alibaba raised its full-year FY17 revenue growth guidance to 53% from 48%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: October 2023 US Retail Traffic and In-Store Metrics: Jewelry Sector Sees Positive GrowthEarnings Insights 3Q23, Week 2: Crocs, CVS and Colgate-Palmolive Report Strong Results; Carter’s, Clorox, Estée Lauder and VF Corporation See Sales Decline3Q23 US Earnings Season Wrap-Up: Mixed Performances Amid Weak Demand and Economic UncertaintyOctober 2023 US Housing Market Indicators: Elevated Mortgage Rates Push Housing Sentiment Even Lower