
Alibaba Stock Slides 5% After Revenue Miss, Cloud Spend Hits Free Cash Flow

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Alibaba Group Holding reported a 7% year-on-year revenue growth to $32.58 billion for its fiscal fourth quarter, missing analyst expectations. Adjusted earnings per ADS were $1.73, surpassing the $1.48 estimate. The company faced a 76% drop in free cash flow to $516 million due to increased cloud infrastructure spending. Despite strong growth in several segments, including international commerce and cloud services, BABA shares fell 6.06% to $125.92 following the earnings report.
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