Alibaba Group Holding Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Revised Revenue Guidance for Fiscal 2017
For the nine months the company reported revenue was RMB 119,694 million against RMB 76,959 million a year ago. Income from operations was RMB 38,523 million against RMB 23,990 million a year ago. Income before income tax and share of results of equity investees was RMB 44,180 million against RMB 73,617 million a year ago. Net income attributable to ordinary shareholders was RMB 33,028 million or RMB 12.85 per diluted share against RMB 66,095 million RMB 25.75 per diluted share a year ago. Net cash provided by operating activities was RMB 69,580 million against RMB 51,754 million a year ago. Purchase of property and equipment and intangible assets (excluding land use rights and construction in progress) was RMB 9,388 million against RMB 4,755 million a year ago. Free cash flow was RMB 60,810 million against RMB 46,891 million a year ago. Adjusted EBITDA was RMB 57,859 million against RMB 40,842 million a year ago.
The company is adjusting up 2017 fiscal year revenue guidance from 48% to 53% year-over-year growth.