US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell more than 8% as its performance in the third quarter of the 2026 fiscal year was much worse than expected.

On Thursday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell more than 8% to $123.39. On the news front, Alibaba Group Holding Limited Sponsored ADR announced that for the third quarter of the 2026 fiscal year (ending in December 2025), revenue was 284.843 billion yuan, a 2% increase year-on-year, estimated at 289.795 billion yuan; adjusted net profit was 16.710 billion yuan, a 67% decrease year-on-year, estimated at 29.579 billion yuan; net profit attributable to common shareholders was 16.322 billion yuan, a 67% decrease year-on-year.