The Zhitong Finance App learned that on Friday, Alibaba (BABA.US) fell more than 7% to $120.57. According to news, after the market on August 20, Alibaba released its financial report for the first quarter of the 2027 fiscal year. The adjusted net profit was 20.72 billion yuan, lower than the market estimate of 25.58 billion yuan. This quarter's capital expenditure reached 67.678 billion yuan, up 75% year on year. Investment in technology continued to increase, operating profit fell 57% year on year, net free cash flow outflow was 44.67 billion yuan, and cash flow was clearly under pressure.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that on Friday, Alibaba (BABA.US) fell more than 7% to $120.57. According to news, after the market on August 20, Alibaba released its financial report for the first quarter of the 2027 fiscal year. The adjusted net profit was 20.72 billion yuan, lower than the market estimate of 25.58 billion yuan. This quarter's capital expenditure reached 67.678 billion yuan, up 75% year on year. Investment in technology continued to increase, operating profit fell 57% year on year, net free cash flow outflow was 44.67 billion yuan, and cash flow was clearly under pressure.
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