US-listed Alibaba shares down as adjusted profit plunges

Alibaba Holding

13/05/2026 11:48

** U.S.-listed shares of online marketplace Alibaba BABA.N fall 1.5% to $132.68 premarket

** The firm's Q4 adjusted profit fell 99.7% to 86 million yuan ($12.66 million) from 29.84 billion yuan a year earlier

** BABA posted revenue of 243.38 billion yuan for the quarter ended March 31; analysts on an average expected 247.22 billion yuan - data compiled by LSEG

** Cloud Intelligence Group rev jumped 38% to 41.63 billion yuan, slightly above estimates of 41.27 billion yuan

** Up to last close, stock has fallen 8.1% YTD

($1 = 6.7908 Chinese yuan renminbi)

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))