10:46
Alibaba's Q2 revenue exceeded expectations but profit was disappointing, Ant Group's profit increased by 10.3% year-on-year.
PANews, November 25 news, according to Jin10 reports, Alibaba (09988.HK) reported that its revenue for the second fiscal quarter of FY2026 reached 247.795 billion yuan, a year-on-year rise of 4.8%, exceeding market expectations. The cloud intelligence revenue of 39.82 billion yuan was higher than estimated, and Ant Group's profit reached 8.37 billion yuan, a year-on-year increase of 10.3%. However, the adjusted net profit was 10.35 billion yuan, lower than the expected 16.8 billion yuan, with earnings per ADS of 4.36 yuan also falling short of expectations. The company stated that it will continue to increase investments in AI and consumer sectors, and short-term profits will fluctuate.

