BABA(BABA) - 2025 Q4 - Annual Results

Revenue Performance - Revenue for the quarter ended March 31, 2025, was RMB236,454 million (US$32,584 million), an increase of 7$4,152 million), with AI-related product revenue maintaining triple-digit growth for the seventh consecutive quarter[15][16]. - Revenue from the Digital Media and Entertainment Group increased by 12% year-over-year to RMB5,554 million (US$765 million), driven by strong performance in the movie and entertainment sectors[21]. - Revenue from the International commerce retail business grew by 24$3,804 million), primarily due to contributions from AliExpress and Trendyol[37]. - Revenue from the Local Services Group rose by 10% year-over-year to RMB16,134 million (US$2,223 million), supported by growth in Amap and Ele.me[44]. - Total revenue for fiscal year 2025 was RMB996,347 million (US$137,300 million), representing a 6% year-over-year increase from RMB941,168 million in fiscal year 2024[79]. - Revenue from the Taobao and Tmall Group for fiscal year 2025 was RMB449,827 million (US$61,988 million), a 3$18,231 million) in fiscal year 2025, driven by growth in AliExpress and Trendyol[83]. - Digital Media and Entertainment Group revenue increased by 5% to RMB22,267 million (US$3,068 million) in fiscal year 2025, up from RMB21,145 million in fiscal year 2024[100]. - Revenue from All Others segment rose by 7$28,425 million) in fiscal year 2025, compared to RMB192,331 million in fiscal year 2024[102]. Profitability Metrics - Net income attributable to ordinary shareholders was RMB12,382 million (US$1,706 million), with net income increasing by 1203$1,650 million)[4]. - Income from operations increased by 93% year-over-year to RMB28,465 million (US$3,923 million), primarily due to increased adjusted EBITA and decreased non-cash share-based compensation[4]. - Adjusted EBITDA for the quarter was RMB41,783 million (US$5,758 million), reflecting a 36% increase compared to RMB30,807 million in the same quarter of 2024[29]. - Net income for the quarter was RMB11,973 million (US$1,650 million), a significant increase from RMB919 million in the same quarter of 2024[69]. - Net income for fiscal year 2025 was RMB125,976 million (US$17,360 million), a significant increase of 77% compared to RMB71,332 million in fiscal year 2024[79]. - Non-GAAP net income increased by 22% year-over-year to RMB29,847 million (US$4,113 million), compared to RMB24,418 million in the same quarter of 2024[70]. - Net income attributable to Alibaba Group Holding Limited for the year ended March 31, 2025, was RMB130,109 million, a significant increase of 63$516 million), a decrease of 76% compared to RMB15,361 million in the same quarter of 2024[5]. - For the quarter ended March 31, 2025, net cash provided by operating activities was RMB27,520 million (US$3,792 million), an increase of 18$10,180 million), a significant decrease of 53% from RMB156,210 million in fiscal year 2024[131]. - Net cash used in investing activities was RMB185,415 million (US$25,551 million), primarily due to an increase in other treasury investments by RMB126,041 million (US$17,369 million)[132]. - Net cash used in financing activities amounted to RMB76,215 million (US$10,502 million), reflecting cash used for share repurchases of RMB86,662 million (US$11,942 million) and dividend payments of RMB29,077 million (US$4,007 million)[133]. Shareholder Returns - The board approved a total dividend of approximately US$4.6 billion, including an annual and a special dividend[23]. - During fiscal year 2025, the company repurchased US$11.9 billion of shares, achieving a 5.1$20,068 million), or 61.6% of revenue, down from 66.7% in the same quarter of 2024, primarily due to improved monetization and operating efficiency[51][60]. - Total costs and expenses increased to RMB856,203 million (US$117,988 million) in fiscal year 2025, up from RMB827,818 million in fiscal year 2024[104]. - Cost of revenue as a percentage of revenue decreased from 62.3% in fiscal year 2024 to 60.0% in fiscal year 2025, with a nominal increase in cost from RMB586,323 million to RMB598,285 million[105]. Employee Metrics - The number of employees decreased to 124,320 as of March 31, 2025, down from 194,320 as of December 31, 2024, mainly due to the sale and deconsolidation of Sun Art[78]. - The total number of employees decreased to 124,320 as of March 31, 2025, from 204,891 a year earlier, mainly due to the sale and deconsolidation of Sun Art[134]. Future Outlook - The company aims to build the future infrastructure of commerce, envisioning a long-term presence of 102 years[138]. - Forward-looking statements indicate potential risks and uncertainties that could affect future performance, including competition and geopolitical tensions[140].