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Company Earnings Update

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

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Coresight Research

Key Points

  • 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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