Alibaba Q3 Report 2022

BUSINESS HIGHLIGHTS

In the quarter ended September 30, 2022:

• Revenue was RMB207,176 million (US$29,124 million), an increase of 3% year-over-year.
• Income from operations was RMB25,137 million (US$3,534 million), an increase of 68% yearover-year. The year-over-year increase was primarily attributable to an increase in adjusted EBITA, as well as a decrease in share-based compensation expense. We excluded share-based compensation expense from our non-GAAP measurements. Adjusted EBITA, a non-GAAP measurement, increased 29% year-over-year to RMB36,164 million (US$5,084 million).
• Net loss attributable to ordinary shareholders was RMB20,561 million (US$2,890 million). Net loss was RMB22,467 million (US$3,158 million), compared to net income of RMB3,377 million in the same quarter of 2021, primarily attributable to an increase in net losses arising from the decrease in market prices of our equity investments in publicly-traded companies and a decrease in share of results of equity method investees, partly offset by the increase in adjusted EBITA. We excluded net gains or losses arising from the changes in fair value of our investments from our non-GAAP measurements. Non-GAAP net income was RMB33,820 million (US$4,754 million), an increase of 19% year-over-year.