Contrary to the negative forecasts of experts, the financial results of the Alibaba Group are again on top

Source: Google Finance

Today, the largest Chinese Internet company Alibaba reported financial results for the nine months of the 2015-2016 fiscal year. It was successfully completed for the company on December 31. Against the background of the company's financial report, its shares went up by 5%, Business Insider reports .

Alibaba's net profit jumped 3 times in annual terms - up to $ 10.185 billion. The company's net profit in the third quarter of the fiscal year increased 2 times (by 108%) in annual terms and reached $ 1,923 billion.
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Revenue for the reporting period increased by 31% and reached 34.5 billion yuan ($ 5.3 billion). During the reporting period, EBITDA grew by 27% to 19 billion yuan ($ 2.95 billion). EBITDA margin was 55% versus 58% a year earlier.

In the structure of revenues, international sales grew by 17% to 2.06 billion yuan ($ 318 million). Sales in China grew by 35% to 29.9 billion yuan ($ 4.6 billion). Mobile revenue in China showed a threefold increase, to 18.7 billion yuan ($ 2.9 billion).

Net cash flow amounted to 23.7 billion yuan ($ 3.66 billion).

Alibaba strengthened its presence in Europe and cross-border sales on Bachelor’s Day (November 11). On this day, the company earned $ 9.3 billion.

"The Alibaba Group had an outstanding quarter, during which 400 million annual active buyers were exceeded," said Alibaba CEO Daniel Zhang, whose words are quoted in the release.

Earlier, Thomson Reuters predicted that in the quarter, the Alibaba Group will show revenue growth of no more than 27%. Since the company entered the IPO in 2013, this is the worst forecast of analysts.

The Alibaba holding includes several large online trading portals, including TaoBao , the Chinese equivalent of eBay.com . Together, they control about 80% of the Chinese market. However, in the conditions of slowing economic growth and consumption, the smaller competitors of Alibaba began to grow faster, believe in Thomson Reuters. JD.com revenue, for example, increased by 50%.

Alibaba, an e-commerce company, was founded by Jack Ma in 1999. Its users have access to a service that combines the individual functions of eBay, Amazon, and PayPal . In addition to online retail, the company is developing the Alipay payment system.