Alibaba Q2 Earnings: Revenue Beats Forecast, Cloud and International Sales Shine, Free Cash Flow Falls Amid Strategic Investments

By Yahoo! Finance | Nov 15, 2024 at 07:55 AM EST

Alibaba Group's stock rose after reporting fiscal Q2 revenue growth to $33.70 billion, slightly beating estimates. Adjusted earnings per ADS missed estimates. Revenue growth was seen across various segments, with notable growth in international commerce and cloud services. Alibaba also maintained a strong cash position.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.