New Street Research - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) BABA FY4Q25 Results: Continued Investments in Core Businesses

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New Street Research

Jin Yoon

BABA FY4Q25 Results: Continued Investments in Core Businesses

What’s new: Alibaba’s reported FY4Q25 top-line results that were below consensus and our expectations. CMR growth could continue to be supported by take rate improvement, while Cloud could further accelerate partly driven by AI-related products revs. Margins could be adversely impacted due to continued investments in core businesses. We maintain our PT at USD155.

Analysts:
Jin Yoon

16/05/2025 1 EN

Underlying

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

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Analysts

Jin Yoon

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BABA FY4Q25 Results: Continued Investments in Core Businesses

Alibaba Group (9988 HK): 4QFY25: Slight earnings miss; CMR delivers better-than-expected double-digit growth.

Greater China Daily: Friday, May 16, 2025

AMAT 2FQ25: Cautious semicap stance justified. Neutral, $190.

Cisco 3FQ25: Recovery played out; stock in a good place. Wait for the next entry point. Neutral, $70 TP

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