# Alibaba's U.S.-listed shares were initially higher in premarket trade before turning negative.

*business · news · 2026-05-13 · CNBC*

## Key points

- Alibaba's adjusted EBITDA dropped to 5.1 billion yuan in the March quarter.
- Heavy investments in tech and e-commerce caused Alibaba's core profitability to plunge.
- Alibaba's U.S.-listed shares fell 3.4% after the earnings report.
- Adjusted EBITDA excludes one-time gains or losses to highlight core business performance.

**Companies:** Alibaba
**Countries:** China

[Read the full story on CNBC](https://www.cnbc.com/2026/05/13/alibaba-earnings-march-quarter-ai-cloud-growth.html)

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