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BABA's Babies: They Are All Grown Up! Ali Pictures: A Blockbuster Company
David has highlighted this Insight as a Top Pick
1.1k Views26 Mar 2024 15:01
Ali Pictures Group is part of the core Digital Media and Entertainment Group of its parent Alibaba. As such it has started to reap the benefits of synergies as with its purchase of Damai.cn last year
Boomeranged on Wed, 21 May 2025 14:29
Ali Pictures reported results exceeding market expectations with growth in Revenue (+33%), Net profit(+28%), Operating profit (+109%), and EBITDA (+60%). The online ticketing business Damai results surged with revenue (+236%) and profit (+340%). As discussed this segment which is 71% of Ali's profits will be the main driver going forward. Ali will change its name to Damai Entertainment.
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