Earnings Presentation Q4 FY2023

Cost of Revenue and Operating Expenses Cost of Revenue (excluding SBC) (RMB Mn) Three months ended % of Revenue Year ended 68% 139,637 Mar 31, 2022 66% 62% Product Development Expenses (excluding SBC) (RMB Mn) Three months ended % of Revenue 62% 6% Year ended Alibaba 5% 6% 5% 137,588 533,725 543,985 12,351 10,942 Mar 31, 2023 Mar 31, 2022 Mar 31, 2023 Mar 31, 2022 Mar 31, 2023 Sales & Marketing Expenses (excluding SBC) (RMB Mn) Three months ended % of Revenue 13% 44,430 43,230 Mar 31, 2022 Mar 31, 2023 General & Administrative Expenses (excluding SBC) (RMB Mn) Year ended Three months ended Year ended % of Revenue 12% 14% 12% 5% 5% 3% 4% 27,399 24,073 116,749 99,786 8,854 10,317 27,761 34,286 4 Mar 31, 2022 Mar 31, 2023 Mar 31, 2022 Mar 31, 2023 Mar 31, 2022 Mar 31, 2023 Mar 31, 2022 Mar 31, 2023

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