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Alibaba first quarter results lifted by paying members and VAS

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Posted by Aliuser on Aug 15, 2010 in Alibaba Financial Results











A rising number of paying members and  growth of VAS revenue saw Alibaba.com (HKSE 1688) a  profit  of RMB 363 million (US$53.4 million) for the six months to June 30- up 45.7 percent from the same period last year. 

  • Registered users reached 53.4 million, adding 10.7 million y-o-y
  • China Gold Supplier members grew 50.2 percent y-o-y to 105,810
  • China TrustPass members saw record high quarterly net additions of 51,821 in Q2 totaling 593,498, up 34.3 percent y-o-y
  • Quarterly revenue grew by 48.6 percent y-o-y to RMB1.37 billion (US$200.9 million) due to strong paying member acquisition and increased revenue from value-added services (VAS)
  • Deferred revenue grew 34.7 percent y-o-y to RMB3.72 billion (US$547.3 million)
  • Pre-SBC EBITA margin remained strong at 35.4 percent due to accelerated growth of VAS revenue

More information is available at Alibaba’s  quarter result announcement.

Alibaba headquarters in Hangzhou

Alibaba headquarters in Hangzhou - photo courtesy of Reuters.com

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