May 17, 2019 3 minutes

Alibaba (NYSE: BABA) 4Q19 Results: Strong Revenue Growth Driven by China Retail Marketplaces

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Alibaba reported 4Q19 revenues of ¥93.5 billion ($13.9 billion), up 51% year over year and beating the consensus estimate of ¥91.7 billion ($13.3 billion).
Fiscal 2019 revenues were ¥376.8 billion ($56.2 billion), up 51% year over year.
The company expects revenue to reach over ¥500 billion for the fiscal year 2020.

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