Alibaba (NYSE:BABA) disclosed its financial results for the quarter ending December 31, revealing earnings per share (EPS) of RMB18.97, below the anticipated RMB19.17. The company’s revenue was RMB260.35 billion, narrowly missing the expected RMB260.65 billion. Following the announcement, shares fell by more than 5% in pre-market trading.

The group’s Taobao and Tmall platforms reported a 32% quarter-over-quarter revenue rise to 129.07 billion yuan, though this was below the forecasted 133.33 billion yuan.

Meanwhile, Alibaba’s International Digital Commerce Group saw its revenue jump by 16% quarter-over-quarter to 28.52 billion yuan, surpassing the expected 27.2 billion yuan.

To boost shareholder value, Alibaba declared a significant $25 billion expansion of its share repurchase program.

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