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Alibaba Group Holding Restricted (NYSE: BABA) reported its December quarter 2022 earnings outcomes at this time.
Income elevated 2% year-over-year to $36 billion.
Web revenue attributable to extraordinary shareholders was $6.7 billion. Adjusted web revenue was $7.2 billion, up 12% year-over-year.
Diluted earnings per ADS was $2.60. Adjusted earnings per ADS was $2.79, up 14% year-over-year.
In the course of the quarter ended December 31, 2022, Alibaba repurchased 45.4 million ADSs for approx. $3.3 billion underneath its share repurchase program.
Prior efficiency
