Alibaba's revenue for the first quarter of fiscal year 2027 was 268.95 billion yuan, a year-on-year increase of 9%

According to Caixin, Alibaba announced its first-quarter results for the fiscal year 2027. The revenue for the quarter was 268.95 billion yuan, a year-on-year increase of 9%, slightly higher than the market estimate of 268.52 billion yuan.

The adjusted net profit for the same period was 20.72 billion yuan, lower than the estimated 25.58 billion yuan; the adjusted earnings per ADS were 8.52 yuan, lower than the estimated 11.28 yuan.