Analyst, qcAlpha Earnings Coverage, Zero One

Vincent Fernando, CFA

Analyst, qcAlpha Earnings Coverage

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<div class="content-highlight"><h2><strong>Alibaba Smashed Earnings Expectations</strong></h2></div><p><strong>Alibaba’s 1Q17 revenue increased by 59% YoY to RMB32.2 billion, which represents an acceleration to the highest growth rate since the company’s IPO. </strong>Revenue beat analysts’ revenue expectations by 6.6%.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/011/590/original/Total%20Revenue.png?1470926416" class="editor-image img-responsive" data-smartkarma-image-id="11590"></figure><p><strong>Diluted EPS beats by 17.5%.</strong> Diluted EPS increased 33% YoY to US$0.74, ahead of consensus’ US$0.63 estimate. EBITDA margins fell 500 basis points to 47% due to some drag from newly acquired and developing businesses such as Yukou Tudou and Lazada, but Alibaba was…</p>

Alibaba Smashed Earnings ExpectationsAlibaba’s 1Q17 revenue increased by 59% YoY to RMB32.2 billion, which represents an acceleration to the highest growth rate since the company’s IPO. Revenue beat analysts’ revenue expectations by 6.6%.Diluted EPS beats by 17.5%. Diluted EPS increased 33% YoY to US$0.74, ahead of consensus’ US$0.63 estimate. EBITDA margins fell 500 basis points to 47% due to some drag from newly acquired and developing businesses such as Yukou Tudou and Lazada, but Alibaba was…

BABA 1Q17: Growth Accelerates to Post-IPO High... And Monetization Has Only Just Begun