Alibaba's fourth quarter earnings signaled a dramatic turnaround, according to Benzinga. Net income soared 1,203% to $1.65 billion, driven by aggressive cost-cutting, 18% cloud revenue growth, and a strategic push into AI. While its 7% year-over-year revenue gain missed estimates, operating income surged 93%, and adjusted EBITDA rose 36%, underscoring a return to profitability and financial discipline. The company’s Cloud Intelligence Group, fueled by generative AI, reported its seventh straight quarter of triple-digit AI-driven cloud growth. CEO Eddie Wu called generative AI the key growth driver, drawing strong interest from global investors as AI expands across business and consumer sectors. Shares of Alibaba are up 38% year to date.
