Alibaba: Cloud Revenue, by year
in million USD
  • Region: Worldwide
  • Time period: 2018 to 2023
  • Published: May 2023

Data Analysis and Insights

Updated: Apr 6, 2024 | Published by: Statistico | About Us / Data / Analysis

Significant Revenue Decline in 2023

Alibaba Cloud experienced a dramatic decrease in its annual revenue, dropping to $3,576 million in 2023 from $11,763 million in 2022. This represents a decrease of approximately 70%, highlighting a significant downturn in its financial performance within a single year.

Record Revenue in 2022

Before the decline in 2023, Alibaba Cloud achieved its highest annual revenue in 2022, reaching $11,763 million. This peak underscores a period of substantial growth and success for the company.

Steady Growth Trajectory from 2018 to 2022

Between 2018 and 2022, Alibaba Cloud displayed a consistent upward trend in revenue, growing from $2,135 million in 2018 to $11,763 million in 2022. The annual growth during this period illustrates the company's expanding influence and market share in the cloud computing sector.

Comparative Revenue Growth Analysis

The growth in revenue from 2019 to 2020 by approximately 54% (from $3,681 million to $5,651 million) and from 2020 to 2021 by about 62% (from $5,651 million to $9,176 million) indicates periods of accelerated growth, emphasizing the rapid expansion phase of Alibaba Cloud.

Analysis of Year-over-Year Growth Rates

Analyzing year-over-year growth, the period from 2018 to 2019 marked a 72% increase in revenue ($2,135 million to $3,681 million), which is the highest growth rate observed in the provided data span, highlighting an initial surge in demand for Alibaba Cloud's services.

Long-term Revenue Trend

Despite the decline in 2023, Alibaba Cloud's revenue in that year ($3,576 million) remained higher than its 2018 and 2019 revenues ($2,135 million and $3,681 million, respectively), suggesting that even with recent challenges, the company has grown significantly over the longer term.

Financial Resilience and Market Position

The overall trajectory from 2018 to 2023 demonstrates Alibaba Cloud's financial resilience and strong market position, having more than tripled its revenue from $2,135 million in 2018 to its peak in 2022, despite the recent downturn. This suggests a solid foundational business capable of recovering from fiscal setbacks.

Frequently Asked Questions

What was the highest revenue achieved by Alibaba Cloud?

Alibaba Cloud achieved its highest revenue of $11,763 million in 2022.

What was the period of highest growth rate for Alibaba Cloud?

The highest growth rate for Alibaba Cloud was between 2018 and 2019, with a 72% increase in revenue.

Terms and Definitions

Alibaba Cloud, also known as Aliyun, is a cloud computing company, a subsidiary of Alibaba Group. It provides a comprehensive suite of global cloud computing services to power and grow businesses, including data storage, content delivery networks (CDN), and artificial intelligence capabilities.

Revenue refers to the total money received by a company from its business activities before costs or expenses are subtracted. In the context of Alibaba Cloud, it refers to the money earned from providing cloud computing services.

A Fiscal Year (FY) is a 12-month period used by companies and governments for financial reporting and budgeting. It does not necessarily align with the calendar year. The start and end dates may vary between different entities.

A content delivery network (CDN) is a geographically spread network of servers working together to provide fast delivery of internet content, including webpages and video. It speeds up the content delivery by serving the request from the nearest geographical server. Alibaba Cloud provides CDN services along with other cloud computing services.

Alibaba Group is a multinational conglomerate specializing in e-commerce, retail, internet, and technology. This company provides a variety of services, including electronic payment services, a shopping search engine, as well as cloud computing services through its subsidiary, Alibaba Cloud.
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