Alibaba (BABA) 1Q19 Results: Strong Revenue Growth, Although Margins Are Squeezed

#

Key Points

  • Alibaba reported 1Q19 revenues of ¥80.9 billion, up 61% year over year. The company attributed the strong results to robust revenue growth from its China retail business, the consolidation of Cainiao Network and Ele.me, as well as a near-doubling of revenues in the Alibaba Cloud business.
  • Core commerce revenues reached ¥69.2 billion, up 61% year over year. International retail revenues were up 64% year over year, primarily driven by the growth in revenues on the two marketplaces, Lazada and AliExpress.
  • Cloud computing sales reached ¥4.7 billion, up 93% year over year, driven by solid growth in paying customers, as well as higher value-added products and services.
  • Management did not provide full-year guidance.

Alibaba reported 1Q19 revenues of ¥80.9 billion, up 61% year over year. The company attributed the strong results to robust revenue growth from its China retail business, the consolidation of Cainiao Network and Ele.me, as well as a near-doubling of revenues in the Alibaba Cloud business.

Login to view the full report, or register below for a free membership to access research.

Become a Member

  • Register to access more sections of the website.​
  • Member
  • Already a member?
    Log in