Alibaba’s shares slid over 4% in U.S. market trading

(May 13) Alibaba’s shares slid over 4% in U.S. market trading.

Alibaba reports mixed fiscal Q4 results with revenue topping estimates with 64% year-over-year growth to RMB187.4 billion and adjusted EPS fallingshort at RMB10.32, which is RMB2.96 below consensus. Shares aredown 1.4%pre-market.

Core commerce sales totaled RMB161.4 billion, ahead of the RMB152.96 billion consensus. Cloud revenue was RMB16.8 billion vs. the RMB18.4 billion consensus.

Mobile MAUs totaled 925M, above the 923.5M estimate.

Annual active consumers totaled 811M for the twelve months leading up to quarter's end, up 32M from the prior year's period.

Loss from operations totaled RMB7.6 billion due to the RMB18.2B antitrust fine from Chinese regulators. Without the fine, income from operations would have been RMB10.6 billion.

“We surpassed our annual revenue guidance in fiscal year 2021 by achieving strong organic revenue growth of 32% excluding the consolidation of the newly-acquired Sun Art. This was driven by robust performance of our core commerce businesses as well as continued growth of Alibaba Cloud. Our adjusted EBITDA grew 25% year-over-year while we increased investments in new businesses and key strategic growth areas,” says CFO Maggie Wu. “We expect to generate over RMB930 billion in revenue in fiscal year 2022. Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets.”

For FY22, Alibaba guides for revenue of RMB930 billion vs. the RMB925.6 billion consensus.