Alibaba Q2 Report 2023

BUSINESS HIGHLIGHTS

In the quarter ended June 30, 2023:

• Revenue was RMB234,156 million (US$32,292 million), an increase of 14% year-over-year.
• Income from operations was RMB42,490 million (US$5,860 million), an increase of 70% yearover-year. Excluding the reversal of share-based compensation expense of RMB6,901 million
(US$952 million) as discussed in “June Quarter Other Financial Results” below, income from
operations would have increased by 43% year-over-year. Adjusted EBITA, a non-GAAP
measurement, increased 32% year-over-year to RMB45,371 million (US$6,257 million).
• Net income attributable to ordinary shareholders was RMB34,332 million (US$4,735 million)
and net income was RMB33,000 million (US$4,551 million). Non-GAAP net income was
RMB44,922 million (US$6,195 million), an increase of 48% year-over-year, mainly due to an
increase in adjusted EBITA and an increase in share of results of equity method investees.