Earnings and Performance Overview
Digital Media and Entertainment YOUKUÐ
Segment Revenue
Alibaba Pictures
美國互娱
Quark 夸克
Revenue from our Digital media and entertainment segment in the quarter
ended March 31, 2023 was RMB8,273 million (US$1,204 million), an increase of
3%, compared to RMB8,005 million in the same quarter of 2022.
Segment Adjusted EBITA
Alibaba
Digital media and entertainment adjusted EBITA in the quarter ended March 31,
2023 was a loss of RMB1,102 million (US$160 million), compared to a loss of
RMB1,966 million in the same quarter of 2022, primarily due to the narrowing of loss
from Youku driven by disciplined investment in content and production capability.
Year ended March 31,
Three months ended March 31,
(in RMB Mn, except percentages)
2022
2023
YoY %
2022
2023
Revenue
8,005
8,273
3%
32,272
31,482
YoY %
(2)%
Adj. EBITA
(1,966)
(1,102)
44%
(4,690)
(1,874)
60%
Adj. EBITA Margin
(25)%
(13)%
(15)%
(6)%
Innovation Initiatives and Others
Segment Revenue
DAMO
TMALL GENIE
ALIBABA DAMO ACADEMY
•
Revenue from Innovation initiatives and others was RMB563 million (US$82
million) in the quarter ended March 31, 2023, an increase of 47% compared to
RMB384 million in the same quarter of 2022.
Segment Adjusted EBITA
Innovation initiatives and others adjusted EBITA in the quarter ended March 31,
2023 was a loss of RMB1,830 million (US$267 million), compared to a loss of
RMB2,452 million in the same quarter of 2022.
Three months ended March 31,
Year ended March 31,
(in RMB Mn, except percentages)
2022
2023
YoY %
2022
2023
Revenue
384
563
47%
2,841
2,274
YoY %
(20)%
Adj. EBITA
(2,452)
(1,830)
25%
(7,129)
(6,907)
3%
Adj. EBITA Margin
(639)%
(325)%
(251)%
(304)%
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