阿里巴巴Alibaba Group（BABA）2026财年第三季度财报「NYSE」（英文版）（28页）.pdf

1、 1 Alibaba Group Announces December Quarter 2025 Results Hong Kong,China,March 19,2026-Alibaba Group Holding Limited(NYSE:BABA and HKEX:9988(HKD Counter)and 89988(RMB Counter),“Alibaba”or“Alibaba Group”)today announced its financial results for the quarter ended December 31,2025.“This quarter,Alibab

2、a maintained strong investments across our core pillars of AI and consumption.AI is and will continue to be one of our primary growth engines.Our Cloud Intelligence Groups revenue is up 36%with AI-related product revenue delivering triple-digit growth for the tenth consecutive quarter.Our Model-as-a

3、-Service(MaaS)platform is showing strong growth,emerging as a new engine driving cloud business growth.On the consumer side,we have integrated use cases across our consumer ecosystem into Qwen app,which generated significant new users and transactions.Qwens consumer interface surpassed 300 million m

4、onthly active users,as AI agents perform real-world task execution at scale.Looking ahead,we are well-positioned to drive growth on both enterprise AI and consumer AI fronts,powered by our full-stack AI capabilities spanning foundation models,cloud infrastructure,and proprietary chips,alongside deep

5、 integration with our broader ecosystem,”said Eddie Wu,Chief Executive Officer of Alibaba Group.“The rapid growth of AI+Cloud businesses in recent quarters gives us confidence to scale investments,further strengthening our full-stack AI capabilities.In consumption,our quick commerce business continu

6、es to scale while unit economics improved steadily.Our strong liquidity position and resilient cash generation provide a solid foundation to support sustained strategic investment,”said Toby Xu,Chief Financial Officer of Alibaba Group.BUSINESS HIGHLIGHTS In the quarter ended December 31,2025:Revenue