NetEase

NetEase, Inc. is an internet technology company, which engages in the provision of premium online services centered around content, community, communication and commerce. It develops and operates some of the most popular PC-client and mobile games in China. The firm also operates some of the most popular international online games in China by partnering with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers. NetEase also offers other services, including the intelligent learning services of its majority-controlled subsidiary, Youdao, its music streaming platform, NetEase Cloud Music, and its private label e-commerce platform, Yanxuan. The company operates through the following business segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. The Online Game Services segment produces online PC-client games. The Youdao segment is an online education service provider in China. The Cloud Music segment represents revenue from online music services through the sales of membership subscriptions in various content and service packages. The Innovative Businesses and Others segment offers other services, which includes live video streaming and its private label e-commerce platform, Yanxuan. The company was founded by Lei Ding in June 1997 and is headquartered in Beijing, China.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

NetEase reports record revenues, eyes growth through global expansion

NetEase delivered strong financial performance driven by games, cloud music, and Youdao's success, positioning the company for future growth.
While facing competition and ESG challenges, NetEase's strategic focus on new game launches and global expansion presents promising opportunities.
Investors should monitor NetEase's innovation in gaming, expansion efforts, and commitment to ESG principles for long-term sustainability.

NetEase reports robust Q1 earnings, eyes sustainable growth ahead

NetEase's Q1 2023 performance reflects strong revenue growth and profitability, driven by flagship titles and global expansion efforts. The company faces challenges in optimizing margins and navigating competitive landscapes but sees opportunities in upcoming game releases and expanding service offerings. NetEase aims for sustainable growth and breakeven targets in the near future.

NetEase reports robust Q2 earnings driven by gaming portfolio growth

NetEase's Q2 2023 performance reflects strong financial results, driven by growth in gaming revenues, expansion of Youdao's services, and improved margins in NetEase Cloud Music and Yanxuan.
The company's focus on quality content, innovation, and user engagement positions it well for future success, despite potential challenges in a competitive and evolving market landscape.
By leveraging its strengths in game development and operational efficiency, NetEase has the opportunity to capitalize on market opportunities and drive sustained growth in the coming quarters.

NetEase excels in Q3 2023, focuses on innovation and sustainability

NetEase's Q3 2023 performance reflects strong revenue growth, driven by a mix of legacy and new game titles. The company's focus on innovation, user satisfaction, and diversified revenue streams positions it well for future growth.
While challenges like market competition and balancing monetization strategies persist, NetEase's commitment to providing a healthier gaming environment and long-term game sustainability presents opportunities for sustained success.
Overall, NetEase's strategic emphasis on innovation, global expansion, and user-centric approaches underscores its resilience in the dynamic gaming industry landscape.

NetEase reports strong 2023 earnings, eyes global expansion and innovation

NetEase had a successful year in 2023, reporting top and bottom line growth. The company expanded globally, focusing on new game genres and female players. Financially, they reported strong revenue and profitability, with a focus on talent development and social responsibility.
Despite challenges of increasing competition, NetEase is well-positioned to capitalize on opportunities in international expansion and innovation. By investing in R&D and maintaining user engagement, the company aims to drive growth and navigate the evolving gaming landscape effectively.

NetEase reports robust Q1 earnings driven by game portfolio success

NetEase's Q1 2024 performance reflects strong financial results and a focus on innovation in gaming.
While challenges like rising marketing costs exist, opportunities in new technologies and content drive growth.
The company's commitment to ESG practices and recognition underpin its sustainable business approach.
Overall, NetEase's strategic focus on game portfolio strength and financial performance positions it well for future success.

NetEase reports 6% revenue growth in Q2 2024 earnings call

NetEase delivered solid financial results in Q2 2024, driven by revenue growth in games, Youdao, and Cloud Music
While facing cost pressures and margin challenges, the company's strategic focus on key segments positions it well for future growth
Opportunities in mobile games, online marketing, and music streaming offer avenues for revenue diversification and expansion

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

HANGZHOU, China , Feb. 23, 2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the fiscal year 2022 ended December 31, 2022. Summary of Key Financial and Operating Metrics (RMB in thousands, unless otherwise stated) Year ended 31 December 2022 2021 (Unaudited)  (Audited) Financial Metrics Revenue 8,992,221 6,997,622 Gross profit 1,293,118 142,674 Loss before income tax (204,479) (2,051,423) Loss for the year (221,494) (2,056,092) Non-IFRS measure: Adjusted net loss(1) (114,573) (1,043,712) Operating Metrics Online music services -MAUs (million) 189.4 182.6 -Monthly paying users (million) 38.3 28.9 -Monthly ARPPU (RMB) 6.6 6.7 Social entertainment services -Monthly paying users (thousand) 1,332.3 683.3 -Monthly ARPPU (RMB) 326.0 448.1 Fiscal Year 2022 Key Financial and Operating Highlights Revenue was RMB9.0 billion, an increase of 28.5% compared with RMB7.0 billion in 2021.

Cloud Music Inc. Reports Fiscal Year 2022 Financial Results

HANGZHOU, China , Feb. 23, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights [1] Total net revenues were RMB1.5 billion (US$210.8 million), representing a 38.6% increase from the same period in 2021.

Youdao Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

NetEase (NTES) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for NetEase (NTES)

HANGZHOU, China , Feb. 16, 2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it will report its financial results for the fiscal year 2022 on Thursday, February 23, 2023, after the Hong Kong market closes. The Company's management will host an earnings conference call at 7:00 p.m Beijing/Hong Kong Time on Thursday, February 23, 2023 (6:00 a.m.

Cloud Music Inc. to Report Fiscal Year 2022 Financial Results on February 23

Alibaba

Baidu

JD.com

Chinese technology giants from Alibaba to Baidu have announced their intentions to launch ChatGPT-style products.

China's tech giants are launching ChatGPT clones — and Beijing is watching closely

Activision Blizzard

Electronic Arts

Microsoft

Nintendo

Playtika Holding

Sony

Take-Two Interactive Software

Amid an uncertain economy, video game fans are being more cautious with their spending, adding more woes for the beaten-down sector. The post Video Game Stocks Hit Reset Button, Face Iffy 2023 appeared first on Investor's Business Daily.

Video Game Stocks Hit Reset Button, Face Iffy 2023

The stock price of NetEase Inc (NASDAQ: NTES) fell by 1.71% in the most recent trading session. This is why.

NTES Stock: 1.71% Decrease Explanation

KraneShares CSI China Internet ETF

iShares MSCI China ETF

The "damage has been done on the geopolitical front" between the US and China, one analyst said after the US destroyed China's high-altitude balloon.

China stocks and ETFs drop after the US shoots down suspected spy balloon, raising tensions between the economic superpowers

The mean of analysts' price targets for NetEase (NTES) points to a 26.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 26.69% Upside in NetEase (NTES): Here's What You Should Know

HANGZHOU, China , Feb. 2, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today announced that it will report its fourth quarter and fiscal year 2022 financial results on Thursday, February 23, 2023, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m.

Youdao to Report Fourth Quarter and Fiscal Year 2022 Financial Results on February 23

With the stock being up by +50% in just a couple of months, it's worth considering if it's still a good buy. The recent financial report demonstrated substantial progress in stabilizing the company's operations.

NetEase Update: Back To A Reasonable Valuation (Rating Downgrade)

NetEase is the second-largest gaming company in China, which is the largest gaming market in the world. The Chinese government has imposed restrictions to reduce gaming addiction among the youngest, but despite the limitations, NetEase still managed to grow in 2022.

NetEase Offers Value In China's Gaming Market Amid Uncertainty

Autohome

Daqo New Energy

FinVolution Group

Momo

Noah Holdings Ltd.

Vipshop Hlds

Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision to reopen its economy, thus presenting possible opportunities in cheap Chinese stocks to buy. For the longest time, Beijing imposed a strict zero-Covid policy, which arguably helped control the spread of SARS-CoV-2.

7 Cheap Chinese Stocks to Buy Before the Rebound

Salesforce

Jabil

With sentiment slowly shifting following better-than-expected inflation data over the last several weeks, buyers have finally returned to the Technology sector after a long hibernation. Can the hot start continue?

These 3 Tech Stocks Are Already up 15% In 2023

The average of price targets set by Wall Street analysts indicates a potential upside of 27.2% in NetEase (NTES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in NetEase (NTES)? Wall Street Analysts Think 27.24%

China games company NetEase Inc. has rejected a proposal from World of Warcraft creator Activision Blizzard to temporarily extend its partnership while the U.S. company seeks a new partner, calling the proposed terms "unequal and unfair" in an escalating public spat.

China's NetEase criticizes Blizzard offer as unequal, unfair

Tencent Holdings Limited

Shares of Tencent Holdings , the world's largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China's video games regulator granted the first gaming licences in 2023, further easing an industry crackdown.

Shares of Tencent, NetEase rise as China gaming crackdown ends

Activision Blizzard said it is in talks with several videogame firms to find a new partner in China.

Activision Says NetEase Rejected Offer to Extend China Licensing Partnership

China's video games regulator on Tuesday granted publishing licences to 88 online games, including titles belonging to Tencent Holdings Ltd , NetEase Inc and miHoYo.

China approves 88 games in January, including titles by Tencent and NetEase

Activision Blizzard , the U.S. video game giant behind hit franchise Warcraft, said on Tuesday that its Chinese publisher NetEase had turned down a proposal to extend their partnership for six months.

Blizzard says China's NetEase rejects proposal to extend partnership for six months

NetEase has ramped up its international expansion efforts in gaming over the last two years as China's domestic market has slowed amid tougher regulation.

China's NetEase buys gaming studio involved in major titles including Halo Infinite and Minecraft

Futu Holdings

Futu Holdings Ltd FUTU and NetEase Inc NTES shares are trading higher Wednesday morning. Shares of Chinese companies at large are trading higher after Chinese regulators reportedly approved a capital raise for Ant Group.

Why Futu Holdings And NetEase Shares Are Trading Higher

HANGZHOU, China , Jan. 2, 2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that sales from top C-pop artist Chenyu Hua's new album have exceeded RMB20 million (over 760,000 copies sold) on NetEase Cloud Music as of December 31, 2022, topped the 2022 annual album sales chart on the platform, less than two weeks after its official debut. Chenyu Hua's fifth album, "希忘(Xiwang) Hope" witnessed instant success after launching on NetEase Cloud Music in December 2022, with over 100,000 copies sold within 1 minute and more than 300,000 copies sold in 35 minutes following its first sale.

C-Pop Artist Chenyu Hua's New Album Won NetEase Cloud Music's Best-selling Digital Album of 2022 With Over 760,000 Copies Sold

-- Includes expanded licensing and digital distribution for Mayday HANGZHOU, China , Dec. 31, 2022 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with B'in Music International Co., Ltd. ("B'in Music"), a leading C-pop music production company, granting NetEase Cloud Music the right to distribute B'in Music's music catalog, including one of the most influential C-pop bands Mayday.

Cloud Music Inc. Adds Expansive C-Pop Portfolio with B'in Music Agreement

Pinduoduo Inc - ADR

In light of Beijing announcing the lifting of Covid-19 quarantine measures, five Chinese stocks with high guru ownership as of the third-quarter 13F portfolio filing date are Baidu Inc. ( BIDU , Financial), Pinduoduo Inc. ( PDD , Financial), JD.com Inc. ( JD , Financial), NetEase Inc. ( NTES , Financial) and Vipshop Holdings Ltd. ( VIPS , Financial) according to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus.

News for NetEase Stock (NTES)