Alibaba reported its Q4 2024 earnings with revenue of RMB221.87 billion (US$30.7 billion), beating expectations of RMB220.32 billion. The company's EPS missed expectations, reporting RMB10.14 (US$1.40) versus the expected RMB10.27 (US$1.42). Income from operations for the fiscal year increased by 13% year-over-year to RMB113,350 million. Adjusted EBITA for FY2024 rose by 12% year-over-year to RMB165,028 million. Despite the revenue beat, Alibaba's stock dropped 5% in the US pre-market session. Additionally, Alibaba declared a $0.66 per share special dividend and a $1.00 per share annual dividend. The board has also approved a $4 billion dividend for FY2024. Alibaba is preparing for a primary listing in Hong Kong, expected to complete by the end of August.