Alibaba grows quarterly revenues 61%, EBITDA growth slows on investment costs

Telecom Industry NewsComments are off for this post.

You Are Here:Alibaba grows quarterly revenues 61%, EBITDA growth slows on investment costs

(Telecompaper) Alibaba Group reported another quarter of strong revenue growth, while profits were under pressure from investments and acquisitions. Revenues rose 61 percent year-on-year in the three months to June to CNY 80.92 billion (USD 12.23 billion). Adjusted EBITDA was up a slower 17 percent to CNY 29.36 billion, leading to a sharp fall in the margin to 36 percent. 
Source: Industry News (syndicated from Telecompaper.com)

Top