$BABA Alibaba Q1 Earnings
- Adj. EPS 8.52 yuan, est. 11.28 yuan
- Rev. 268.95B yuan, est. 268.52B yuan
- Adj. EBITDA 39.14B yuan, est. 36.92B yuan
- AI product revenue triple-digit growth for 12th quarter
- Sustained investments in full-stack AI capabilities
- ADRs erase earlier gains to drop 2.6%
- Sales meet estimates as AI push grows