Alibaba Digital Media and Entertainment Q3 Financial Report: Revenue of 5.438 billion yuan, losses continue to narrow year-on-year
On February 20th, Alibaba Group released its third-quarter results for the fiscal year 2025. For the quarter ending December 31, 2024, the revenue of the Digital Media and Entertainment Group was RMB 5.438 billion (USD 745 million), an increase of 8% year-on-year, primarily driven by the growth in Youku advertising revenue. The losses of the Digital Media and Entertainment Group continued to narrow year-on-year, mainly due to the increase in Youku advertising revenue and improved content investment efficiency, which reduced operating losses. (All Weather Technology)
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