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%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Navigating Digital Transformation: Optimizing Retail Operations Amid Margin PressureWeinswig’s Weekly: Beauty and Wellness—Rediscovering the 50+ WomanFewer Consumers Adjust Shopping Behavior To Cope with Inflation: US Consumer Survey Insights 2023, Week 37June 2023 Monthly Consumer Update: US, UK and China