Alibaba Pictures released 2022/2023 results: revenue of 3.52 billion, adjusted EBITA profit of 295 million
On May 31st, Alibaba Pictures (01060) announced its financial performance for the 2022/23 fiscal year. Alibaba Pictures achieved revenue of RMB 3
On May 31st, Alibaba Pictures (01060) announced its financial performance for the 2022/23 fiscal year. Alibaba Pictures achieved revenue of RMB 3.52 billion and adjusted EBITA to record a profit of RMB 295 million, an increase of 106% year-on-year.
In terms of business, during the reporting period, Alibaba Film's content business revenue was RMB 1.709 billion, technology business revenue was RMB 1.268 billion, and IP derivative and commercialization revenue was RMB 544 million, a year-on-year increase of 23%.
In terms of films, during the reporting period, Alibaba Pictures participated in the production and distribution of 26 films, covering multiple categories such as comedy, love, plot, animation, etc. Among them, 12 films, including Spring Festival box office runner up "Wandering Earth 2", summer box office champion "Walking on the Moon Alone", summer box office runner up "Life's Big Things", "Keep You Safe" and "Lingya Journey" released in the first quarter of 2023, entered the top 20 at the box office for the same period.
In terms of dramas, during the reporting period, "Incredible Way" topped the influence list of microblog dramas, Tiktok became the hottest and Youku became the hottest; After the broadcast of "Ignite Me, Warm You", Douban opened 7.5 points. More than 690 hot searches related to the main microblog list of the episode, as well as several times on the top of the weekly microblog and Tiktok TV series list; The suspenseful drama series "The Gate of Rebirth" was shortlisted for the 31st China Television Golden Eagle Award - Excellent TV Drama Award. During the broadcast period, the lighthouse feature film had a market share of nearly 11%.
During the reporting period, the "Taomai VIP" membership system continued to grow, and as of March 31, the membership size had exceeded 15 million. At the same time, Alibaba Pictures has launched its first hyper realistic virtual idol, the Digital People Li, to explore digital business models such as virtual endorsements and digital person marketing.
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