--- title: "Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle" type: "News" locale: "en" url: "https://longbridge.com/en/news/286280994.md" description: "Alibaba Group Holding reported its first quarterly revenue for AI-related products, achieving triple-digit growth for the 11th consecutive quarter. AI revenue reached 8.97 billion yuan (US$1.32 billion), contributing to a 3% overall revenue increase to 243.4 billion yuan (US$35.3 billion). The cloud-computing unit saw a 38% year-on-year growth. Net income surged 105% to 25.5 billion yuan, while adjusted Ebita fell 84% to 5.1 billion yuan. The company announced a cash dividend of US$0.13 per share for the 2026 financial year, reflecting its strategy to enhance AI capabilities and capitalize on the token economy." datetime: "2026-05-13T14:40:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286280994.md) - [en](https://longbridge.com/en/news/286280994.md) - [zh-HK](https://longbridge.com/zh-HK/news/286280994.md) --- # Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle E-commerce and AI giant Alibaba Group Holding on Wednesday disclosed quarterly revenue of AI-related products for the first time, reporting that the segment has registered triple-digit growth for an eleventh consecutive quarter. The surge helped bolster a 3 per cent overall revenue increase that was largely in line with market expectations. AI-related product revenue hit 8.97 billion yuan (US$1.32 billion), the company said in a filing to the Hong Kong stock exchange, as the segment continues to show strong momentum. Total revenue from the Hangzhou-based company reached 243.4 billion yuan (US$35.3 billion) in the three months ended March 31, compared with the Bloomberg consensus estimate of 246.5 billion yuan. The performance marked a modest acceleration from the 2 per cent growth seen in the previous quarter. The cloud-computing unit continues to serve as a bright spot, posting 38 per cent year-on-year revenue growth to 41.6 billion yuan, marking the sixth consecutive quarter of double-digit growth for the unit. “Alibaba’s full-stack AI investments have progressed from incubation to commercialisation at scale,” said Eddie Wu Yongming, CEO of Alibaba Group, which owns the South China Morning Post. “This quarter, we achieved accelerated breakthroughs across models, cloud infrastructure and applications.” Cloud Intelligence Group’s external revenue growth accelerated to 40 per cent, with AI-related products accounting for 30 per cent of this revenue, Wu added. “We are confident in our business outlook and will continue to invest in AI plus cloud to strengthen our competitive advantages,” said Toby Xu, chief financial officer of Alibaba Group. Net income attributable to ordinary shareholders surged 105 per cent to 25.5 billion yuan, up from 12.4 billion yuan a year ago. The jump, which beat the 11 billion yuan analyst forecast, was primarily due to changes in equity investments and disposable losses of Sun Art and Intime that were recorded a year prior. However, adjusted earnings before interest, taxes and amortisation (Ebita) – a key measure of operating profit – plunged 84 per cent, year on year, to 5.1 billion yuan, widely missing the 12.9 billion yuan analyst consensus. For its full financial year ended March 31, total revenue rose 3 per cent to 1.02 trillion yuan. Net profit dropped 18 per cent to 105.9 billion yuan. The company also approved an annual cash dividend for the 2026 financial year: US$0.13 per ordinary share, or US$1.05 per American depositary share (ADS). The aggregate amount of the dividend will be around US$2.5 billion, according to its latest earnings report. The latest results reflect how management’s strategy of building “full-stack” artificial intelligence capabilities – from hardware infrastructure such as chips to models and applications – is fuelling the Hangzhou-based tech giant’s next phase of growth. The company is also reshuffling its AI businesses to better capitalise on the emerging “token economy”, as the spread of agentic AI applications – software that can perform tasks autonomously – drives a surge in the global consumption of tokens, which are the basic units of AI computing. In March, the company established the Alibaba Token Hub business group to centralise core AI operations around the creation, distribution and application of tokens across most of its AI product stack. Some analysts expect the company to achieve sustained momentum in the sector over the next several years. Alibaba’s AI-related revenue is expected to grow at a compound annual growth rate of 90 per cent from financial year 2026 to 2031, reaching 70 per cent of total cloud revenue by that time, Alicia Yap, an analyst at Citi Research, said in a research note on Monday. ### Related Stocks - [513770.CN](https://longbridge.com/en/quote/513770.CN.md) - [513040.CN](https://longbridge.com/en/quote/513040.CN.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [06808.HK](https://longbridge.com/en/quote/06808.HK.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [Citadel CEO Ken Griffin was a prominent AI skeptic. 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