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At close · Thu, Oct 8, 2026
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Home›Earnings›Results›Alibaba revenue rises 9% as AI cloud growth accelerates

Alibaba revenue rises 9% as AI cloud growth accelerates

Alibaba said net income fell 75% in the June quarter, extending a streak of profit misses to a fifth straight quarter.

Reported · Written up by our desk · Results

Alibaba reported revenue growth of 9% in its June quarter, driven by faster cloud and AI product performance, according to Decrypt.

The company highlighted that its AI cloud growth accelerated to 45% during the quarter.

However, Alibaba shares fell after a sharp decline in profitability, with net income down 75%.

The profit drop extended Alibaba's run of profit misses to five straight quarters, Decrypt reported.

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Sources

DecryptAlibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%,But a Profit Plunge Sends Shares Lower

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