Earnings Presentation Q4 FY2023
Revenue and Adjusted EBITA by Segments for Year ended March 31
Alibaba
Year ended March 31, 2023
Local
China
International
consumer
Cainiao
Cloud
(1)
commerce
commerce
services (1)
Digital
media and
entertainment
Innovation
initiatives
Unallocated (2)
Consolidated
and others
Revenue
YoY % Change
582,731
(1)%
Income (Loss) from operations
172,191
69,204
13%
(8,429)
50,112
12%
(23,302)
21%
(in RMB Mn, except percentages)
55,681
77,203
4%
31,482
(2)%
2,274
(20)%
N/A
868,687
2%
(3,622)
(5,151)
(4,638)
(9,409)
(17,289)
100,351
Add: Share-based compensation expense
7,969
2,716
3,672
2,218
6,561
1,756
Add: Amortization and impairment of intangible assets
4,702
93
5,609
1,013
12
1,008
1,658
844
4,281
30,831
223
13,504
Add: Impairment of goodwill
2,714
2,714
Add: Equity-settled donation expense
511
511
Adjusted EBITA
Adjusted EBITA margin
184,862
32%
(5,620)
(8)%
(14,021)
(391)
(28)%
(1)%
1,422
2%
(1,874)
(6)%
(6,907)
(304)%
(9,560)
N/A
147,911
17%
Revenue
Income (Loss) from operations
Add: Share-based compensation expense
Add: Amortization of intangible assets
Add: Impairment of goodwill
Adjusted EBITA
Adjusted EBITA margin
Year ended March 31, 2022
Local
China
International
consumer
Cainiao
Cloud
(1)
commerce
commerce
services (1)
Digital
media and
entertainment
Innovation
initiatives
Unallocated (2)
Consolidated
and others
(in RMB Mn, except percentages)
591,580
61,078
44,616
46,107
74,568
32,272
2,841
853,062
172,536
7,078
2,817
(10,655)
(30,802)
(3,920)
(5,167)
1,569
95
2,556
1,396
6,297
6,154
1,059
16
(7,019)
1,520
809
(9,424)
(35,911)
69,638
1,839
456
1,716
23,971
241
11,647
182,431
31%
(8,991)
(15%)
(22,092)
(50%)
(1,465)
(3%)
1,146
2%
(4,690)
(7,129)
(15%)
(251%)
25,141
(8,813)
N/A
25,141
130,397
15%
Notes:
(1)
(2)
Beginning on October 1, 2022, we reclassified the results of our Instant Supermarket Delivery () business, which was previously reported under China commerce segment, to Local consumer services segment
following the strategy refinement of Instant Supermarket Delivery business to focus on building customer mindshare for grocery delivery services through Ele.me platform. This reclassification conforms to the way that we
manage and monitor segment performance. Comparative figures were reclassified to conform to this presentation.
Unallocated expenses primarily relate to corporate administrative costs and other miscellaneous items that are not allocated to individual segments. The goodwill impairment, and the equity-settled donation expense
related to the allotment of shares to a charitable trust, are presented as unallocated items in the segment information because our management does not consider these as part of the segment operating performance
measure.
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