1. Quarterly revenue up 7.6% to ¥280.15B; consensus estimates beaten. 2. Cloud revenue up 13%; AI revenue in triple digits for sixth quarter. 3. Premarket BABA shares jump over 10%; stock surged 70% in a year. 4. Apple partnership and Jack Ma meeting boost market confidence.
The earnings beat, robust cloud and AI growth generate immediate investor enthusiasm, echoing prior positive quarters when strong fundamentals drove gains.
The report’s strong earnings and strategic AI initiatives are highly likely to influence BABA’s price, despite some results being priced in already.
The premarket jump primarily reflects short-term sentiment; quarterly results often prompt immediate reactions, as seen in past earnings surprises.