Alibaba Group Holding (NYSE:BABA) shares climbed on Tuesday following its fiscal second-quarter results, as the e-commerce giant co-founded by Jack Ma reported revenue and earnings that exceeded analyst expectations.

The company posted quarterly revenue of $34.81 billion, up 5% year-over-year, surpassing the analyst consensus estimate of $34.43 billion.

On a like-for-like basis, excluding revenue from the divested Sun Art and Intime businesses, Alibaba’s revenue would have grown 15% year-over-year.

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The adjusted earnings per American Depositary Share (ADS) came in at 61 cents, topping the analyst consensus estimate of 49 cents.

Adjusted net income declined 72% to $1.45 billion, while adjusted EBITA slipped 78% year-over-year to $1.27 billion, reflecting investments in Taobao Instant Commerce and enhancements to user experiences, acquisitions, and technology.

Net income, however, fell 53% year-over-year, primarily attributable to the decrease in income from operations.

Segment Performance

Alibaba’s China E-commerce Group revenue rose 16% to $18.62 billion. To drive synergies across Alibaba’s ecosystem, the segment accelerated onboarding of Tmall brands to its quick commerce channel, expanding product selection for on-demand delivery.

By October 31, 2025, it had ...