Tencent sets $10 billion buyback after sales beat estimates [Fortune]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Fortune
Revenue for the three months ended December rose a better-than-projected 11% to 172.5 billion yuan ($23.8 billion). Net income almost doubled to 51.3 billion yuan, ahead of projections. The company also unveiled plans to buy back at least HK$80 billion worth of shares and proposed a 32% rise in its annual dividend for 2025. Shares in Prosus NV, a major shareholder, gained more than 1% in Europe. China's most valuable company scored last year with game releases from Nexon Co.'s Dungeon & Fighter Mobile to its own PC shooter Delta Force —titles it intends to grow into so-called evergreen franchises that can generate steady cash. That might help take the heat off other parts of Tencent's internet portfolio, where businesses like advertising and
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BABA
Earnings
- 11/15/24 - Beat
BABA
Sec Filings
- 3/14/25 - Form 6-K
- 3/7/25 - Form 6-K
- 3/5/25 - Form 6-K
- BABA's page on the SEC website