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: Innovator Profile: Hue Promotes Diversity in E-Commerce Marketing via Shoppable VideoCoresight Bites: How US Consumers Spent in 2022—Pandemic-Fueled Imbalance Is Yet To Be CorrectedEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveInnovator Profile: Sociate.ai Enhances the Online Customer Experience Through Generative AI
