Alibaba Q2 Earnings: Revenue Beats Forecast, Cloud and International Sales Shine, Free Cash Flow Falls Amid Strategic Investments

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Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher Friday after the company’s fiscal second-quarter print. The Jack Ma co-founded e-commerce giant reported fiscal second-quarter 2024 revenue growth of 5% year-on-year to $33.70 billion, beating the analyst consensus estimate of $33.47 billion. Adjusted earnings per ADS of $2.15 missed the analyst consensus estimate of $2.26. Adjusted net income declined 9% Y/Y to $5.20 billion. Also Read: Bilibili’s Q3 Earnings: Revenue Surges As G