Alibaba Group Holding Limited announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenue of RMB 26,179 million compared to RMB 18,745 million a year ago. The increase was mainly driven by the continuing rapid growth of China commerce retail business. Income from operations was RMB 9,347 million compared to RMB 8,801 million a year ago. Income before income tax and share of results of equity investees was RMB 9,217 million compared to RMB 9,258 million a year ago. Net income attributable to ordinary shareholders was RMB 5,936 million or RMB 2.29 per diluted share compared to RMB 8,266 million or RMB 3.55 per diluted share a year ago. The decrease was primarily due to an increase in share-based compensation expense, an RMB 830 million one-time charge for financing-related fees as a result of the early repayment of USD 8 billion bank borrowings and an increase in income tax expenses, primarily due to the expiration of an enterprise income tax exemption period for one of its major subsidiaries. Net cash provided by operating activities was RMB 19,408 million compared to RMB 14,922 million a year ago. Non-GAAP EBITDA was RMB 15,103 million compared to RMB 11,246 million a year ago. Non-GAAP net income was RMB 13,115 million compared to RMB 10,463 million a year ago. Non-GAAP net income attributable to ordinary shareholders RMB 13,068 million or RMB 5.05 per diluted share compared to RMB 10,432 million or RMB 4.45 per diluted share a year ago. Free cash flow was RMB 22,924 million compared to RMB 17,163 million a year ago. The lower growth of operating income relative to revenue growth in this quarter and the decrease in operating margin to 36% in the quarter ended December 31, 2014 from 47% in the same quarter of 2013 were primarily due to an increase in share-based compensation expense. Capital expenditures in the quarter ended December 31, 2014 were RMB 1,513 million, compared to RMB 1,601 million in the same quarter of 2013.

For the nine months, the company reported revenue of RMB 58,779 million compared to RMB 40,473 million a year ago. Income from operations was RMB 20,536 million compared to RMB 19,469 million a year ago. Income before income tax and share of results of equity investees was RMB 27,860 million compared to RMB 19,885 million a year ago. Net income attributable to ordinary shareholders was RMB 21,256 million or RMB 8.66 per diluted share compared to RMB 17,533 million or RMB 7.63 per diluted share a year ago. Net cash provided by operating activities was RMB 35,450 million compared to RMB 24,579 million a year ago. Non-GAAP EBITDA was RMB 32,170 million compared to RMB 23,845 million a year ago. Non-GAAP net income was RMB 27,240 million compared to RMB 21,603 million a year ago. Non-GAAP net income attributable to ordinary shareholders RMB 27,157 million or RMB 11.01 per diluted share compared to RMB 21,574 million or RMB 9.30 per diluted share a year ago. Free cash flow was RMB 42,456 million compared to RMB 29,936 million a year ago.

For the quarter, the company reported Impairment of goodwill and intangible assets of RMB 175 million.