Alibaba Group Holding Ltd ADR

BABA: XNYS (USA)

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Alibaba Earnings: Quick Commerce Loss Disappoints; Long-Term Positive Outlook Maintained

Chelsey Tam

Nov 26, 2025

Alibaba's adjusted EBITA declined 78% sequentially in the September quarter. It guided cloud revenue year-on-year growth will be "high," instead of "accelerating," in the coming quarters and that customer management revenue, or CMR, year-on-year growth will decelerate in the December quarter.

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Alibaba Group Holding Ltd ADR

Alibaba Earnings: Quick Commerce Loss Disappoints; Long-Term Positive Outlook Maintained

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