BABA(BABA) - 2025 Q4 - Earnings Call Presentation

March Quarter 2025 Results May 15, 2025 Disclaimer This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States of America ("GAAP"), including adjusted EBITDA (including adjusted EBITDA margin), adjusted EBITA (including adjusted EBITA margin), non-GAAP net income, non-GAAP diluted earnings per share/ADS and free cash flow. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measur ...