- Entry
- $134.43
- Final
- $99.80 -25.8%
- Target
- —
- Score
- +1.00
Source: [https://finance.yahoo.com/news/alibaba-67-profit-plunge-shows-100308190.html](https://finance.yahoo.com/news/alibaba-67-profit-plunge-shows-100308190.html) >Alibaba Group Holding Ltd.’s earnings plunged while revenue barely grew, underscoring the urgency behind the Chinese e-commerce leader’s drive to wring more profits out of a swathe of costly AI endeavors. >The company posted a 2% rise in sales to 284.8 billion yuan ($41.3 billion) for the three months ended December, just shy of the average projection. But net income plummeted 67% — its worst performance since early 2024 — hurt in part by heavy spending on promotions …
— ORIGINAL POST ·
Alibaba -4% premarket as profit drops 67%, revenue rises 2%, cloud prices rise 34%, signaling urgent AI monetization push
· r/wallstreetbets
· Mar 19, 2026