Alibaba Group Holding reported its earnings for Q1 2024, showing mixed results. The company posted revenue of RMB221,874 million (US$30,729 million), marking a 7% year-over-year increase and beating analysts' estimates. However, Alibaba missed on earnings per share (EPS), reporting RMB10.14 compared to the expected RMB10.71. Despite the revenue beat, Alibaba's quarterly profit fell by 86%, leading to a 5% drop in its stock price in the US pre-market session. CEO highlighted double-digit year-over-year growth in both China and international commerce businesses, indicating a return to growth. The company's income from operations for the fiscal year increased by 13% to RMB113,350 million, and adjusted EBITA for FY2024 rose by 12% to RMB165,028 million. Alibaba also reported lower Q4 earnings, with diluted earnings per ADS at RMB1.30 (US$1.40) and diluted earnings per share at RMB0.16 (US$0.02).