Alibaba Group Holding Ltd. announced its financial results for the quarter and fiscal year ended March 31, 2025. For the quarter, revenue was RMB236.454 billion (US$32.584 billion), marking a 7% increase year-over-year. Income from operations soared by 93% to RMB28.465 billion (US$3.923 billion), primarily due to increased adjusted EBITA and decreased non-cash share-based compensation expense. Adjusted EBITA rose by 36% to RMB32.616 billion (US$4.495 billion), driven by revenue growth and improved operating efficiency, although partially offset by higher investments in e-commerce and technology. For the fiscal year, Alibaba reported a revenue of RMB996.347 billion (US$137.3 billion), a 6% increase from the previous year. Income from operations increased by 24% to RMB140.905 billion (US$19.417 billion), mainly attributed to a decrease in impairment of intangible assets and goodwill, along with reduced non-cash share-based compensation expenses. Adjusted EBITA for the fiscal year increased by 5% to RMB173.065 billion (US$23.849 billion), supported by revenue growth and enhanced operating efficiency. In business highlights, the Cloud Intelligence Group's revenue grew by 11% to RMB118.028 billion (US$16.265 billion) for the fiscal year, fueled by the rising adoption of AI-related products. The Alibaba International Digital Commerce Group, however, reported an adjusted EBITA loss of RMB15.137 billion (US$2.086 billion) due to increased investments in AliExpress and Trendyol's cross-border operations. Meanwhile, Lazada reduced its operating losses significantly, reflecting improved monetization and operating efficiency.