阿里巴巴研报：利润在掉，但云开始起飞

SG Visual Research 图解研报

$阿里巴巴(BABA)$ $阿里巴巴-W(09988)$

电商还没完全恢复，

但有个变化很明显——云开始加速了。

云收入 +36%，

而利润 -57%。

阿里财报不及预期！绩后你的操作策略是？

阿里巴巴于美股盘前公布截至2025年12月31日止季度（对应2026财年第三财季）业绩：Q3营收2848.43亿元人民币，同比增长2%，市场预期为2897.95亿元；经调整净利润167.10亿元，同比下降67%，市场预期为295.79亿元。【阿里收入&EPS双miss，大力押注AI下，大家看好阿里后市发展吗？绩后你的操作策略是？】

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

MurielRobin
03-20
MurielRobin
云业务真猛，利润掉点也值了！

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