---
title: "Alibaba's core profit plunges 84% even as AI and cloud growth accelerate"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286237333.md"
description: "Alibaba reported an 84% drop in core profitability for the March quarter, attributed to significant investments in technology and e-commerce. The company's adjusted earnings before interest, taxes, and amortization were 5.1 billion yuan ($750.9 million). Following the announcement, Alibaba's U.S.-listed shares initially rose in premarket trading but later fell by 3.4%."
datetime: "2026-05-13T09:58:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286237333.md)
  - [en](https://longbridge.com/en/news/286237333.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286237333.md)
---

# Alibaba's core profit plunges 84% even as AI and cloud growth accelerate

Jaap Arriens | Nurphoto | Getty Images

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

The Chinese tech giant said its adjusted earnings before interest, taxes, and amortization, a measure of the company's underlying profitability, came in at 5.1 billion Chinese yuan ($750.9 million).

This financial metric strips out one-time gains or losses to focus on a company's core business.

Alibaba's U.S.-listed shares were initially higher in premarket trade before turning negative. They were last seen trading down 3.4%.

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