阿里巴巴-W云业务收入超预期,CMR维持稳健增长

长城证券
Dec 09, 2025

事件:阿里巴巴公布FY26Q2业绩,公司FY26Q2实现收入2477.95亿元,同比增长4.77%;实现经调整EBITA90.73亿元,同比下降77.63%;实现经调整净利润103.52亿元,同比下降71.65%。此外,公司FY26Q2以2.53亿美元的总价回购1700万股普通股,截至2025年9月30日止,公司股份回购计划下剩余191亿美元回购额度,有效期至2027年3月。云业务收入超市场预期,...

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