Technology

Alibaba reports Q3 revenue up 2% YoY to ~$35.9B, China commerce revenue down 1% YoY to ~$24.6B, and net income up 69% YoY to ~$6.8B; BABA jumps 6%+ (Arjun Kharpal/CNBC)

Photo of Grace Will Grace Will February 23, 2023
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Alibaba reports Q3 revenue up 2% YoY to ~$35.9B, China commerce revenue down 1% YoY to ~$24.6B, and net income up 69% YoY to ~$6.8B; BABA jumps 6%+ (Arjun Kharpal/CNBC)
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Arjun Kharpal / CNBC:

Alibaba reports Q3 revenue up 2% YoY to ~$35.9B, China commerce revenue down 1% YoY to ~$24.6B, and net income up 69% YoY to ~$6.8B; BABA jumps 6%+  —  – Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher.



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