Exhibit 99.1 (Hangzhou- February 23, 2023)- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. · Net revenues were RMB25.4 billion (US$3.7 billion), an increase of 4.0% compared with the fourth quarter of 2021. · Youdao net revenues were RMB1.5 billion (US$210.8 million), an increase of 9.0% compared with the ...

Call Start: 07:00 January 1, 0000 8:03 AM ET NetEase, Inc. (NASDAQ:NTES) Q3 2022 Earnings Conference Call November 17, 2022 07:00 ET Company Participants Margaret Shi - Director of Investor Relations Charles Yang - Chief Financial Officer William Ding - Chief Executive Officer Conference Call Participants Kenneth Fong - Credit Suisse Lincoln Kong - Goldman Sachs Charlene Liu - HSBC Alex Poon - Morgan Stanley Felix Liu - UBS Natalie Wu - Haitong International Operator Good day and welcome to the NetEase 2022 ...

Financial Performance - NetEase's net revenue for Q3 2022 was RMB 24.4 billion (USD 3.4 billion), representing a year-over-year increase of 10.1%[3] - Youdao's net revenue reached RMB 1.4 billion (USD 197.2 million), a year-over-year increase of 1.1%[3] - NetEase Cloud Music's revenue was RMB 2.4 billion (USD 331.4 million), reflecting a 22.5% year-over-year growth[3] - Gross profit for Q3 2022 was RMB 13.7 billion (USD 1.9 billion), an increase of 16.4% year-over-year[3] - The net profit attributable to shareholders in Q3 2022 was RMB 6,699.4 million (USD 941.8 million), compared to RMB 5,291.5 million in the previous quarter and RMB 3,181.8 million year-over-year[14] - The company reported a net profit margin of approximately 25.5% for the nine months ended September 30, 2022, compared to 22.5% in the same period of 2021[31] - The company reported a net profit attributable to shareholders of RMB 6,699,364 thousand for the nine months ended September 30, 2022, an increase of 43.3% compared to RMB 4,666,612 thousand in the same period of 2021[35] Gaming Revenue - Revenue from games and related value-added services was RMB 18.7 billion (USD 2.6 billion), up 9.1% year-over-year[3] - The flagship game series "Fantasy Westward Journey" continues to perform strongly, contributing to sustained revenue growth[6] - The game "Diablo® Immortal™" launched in mainland China, quickly topping the iOS download charts[4] - New mobile games such as "Naraka: Bladepoint" and "Nirvana in Fire" are set to be released soon, expanding the game portfolio[4] - Net revenue for the gaming and related value-added services segment reached RMB 18,699,106 thousand for the three months ended September 30, 2022, representing a year-over-year increase of 8.5%[33] Operating Expenses and Profitability - Operating expenses totaled RMB 9,002.1 million (USD 1,265.5 million) in Q3 2022, an increase from RMB 7,995.2 million in the previous quarter and RMB 8,035.6 million year-over-year[11] - The gross margin for gaming and related value-added services in Q3 2022 was 65.0%, compared to 64.9% in the previous quarter and 61.3% year-over-year[9] - The gross profit margin for the gaming and related value-added services segment improved to 65.0% for the three months ended September 30, 2022, compared to 64.9% in the previous quarter[33] Cash Flow and Dividends - The company reported a net cash inflow from operating activities of RMB 7.5 billion (USD 1.1 billion) in Q3 2022, compared to RMB 6.6 billion in the previous quarter and RMB 6.3 billion year-over-year[18] - The company approved a quarterly dividend of USD 0.0870 per share (USD 0.4350 per American Depositary Share) for Q3 2022, with payment expected on December 13, 2022[16] - The company has repurchased approximately 27.0 million American Depositary Shares for a total of about USD 2.5 billion under its share repurchase program as of September 30, 2022[20] Assets and Liabilities - Total assets increased from RMB 153.64 billion to RMB 172.71 billion, representing a growth of approximately 12.0%[30] - Current assets rose from RMB 113.12 billion to RMB 131.59 billion, an increase of about 16.3%[30] - Total liabilities increased from RMB 54.22 billion to RMB 63.06 billion, reflecting a rise of around 16.5%[30] - Shareholders' equity rose from RMB 99.28 billion to RMB 109.51 billion, an increase of approximately 10.3%[30] Research and Development - Research and development expenses totaled RMB 10,948,938 for the nine months ended September 30, 2022, reflecting an increase of 7.1% from RMB 10,228,287 in the same period of 2021[31] - The company’s R&D expenses for the nine months ended September 30, 2022, totaled RMB 288,598 thousand, indicating a focus on innovation and technology development[34] Market Strategy and Future Outlook - NetEase plans to prepare for the overseas launch of "Harry Potter: Magic Awakened" in 2023[4] - The company continues to expand its gaming ecosystem and develop popular mobile and PC games in China[23] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32] - Forward-looking statements indicate potential risks, including market growth sustainability and regulatory changes affecting operations[25] ESG Performance - The company has received an A rating from MSCI for its ESG performance, highlighting its commitment to environmental, social, and governance standards[24] Non-GAAP Metrics - Non-GAAP financial metrics are used to assess operational performance, excluding stock-based compensation expenses[27] - The company emphasizes the importance of considering all financial indicators rather than relying on a single metric for performance evaluation[28]

Financial Performance - Net revenues for Q3 2022 were RMB 24.4 billion (US$ 3.4 billion), a 10.1% increase year-over-year[2] - Net revenues from games and related value-added services were RMB 18.7 billion (US$ 2.6 billion), up 9.1% compared to Q3 2021[2] - Cloud Music net revenues increased by 22.5% year-over-year to RMB 2.4 billion (US$ 331.4 million)[3] - Gross profit for Q3 2022 was RMB 13.7 billion (US$ 1.9 billion), reflecting a 16.4% increase year-over-year[3] - Net income attributable to shareholders was RMB 6.7 billion (US$ 941.8 million), compared to RMB 3.2 billion in Q3 2021[27] - Non-GAAP net income from continuing operations was RMB 7.5 billion (US$ 1.1 billion), up from RMB 3.9 billion in Q3 2021[28] - Basic net income per share was US$ 0.29, an increase from US$ 0.13 in Q3 2021[29] - Operating profit for the three months ended September 30, 2022, was RMB 4,741,776, a decrease of 4.2% compared to RMB 4,946,331 for the three months ended June 30, 2022[55] - Net income attributable to the Company's shareholders for the three months ended September 30, 2022, was RMB 6,699,364, an increase of 26.6% from RMB 5,291,476 in the previous quarter[55] - Basic net income per share for the three months ended September 30, 2022, was RMB 2.05, up from RMB 1.62 in the previous quarter[55] - The company reported a net income from continuing operations of RMB 6,699,364 for the three months ended September 30, 2022, compared to RMB 4,666,612 for the previous quarter[55] - The company’s net income from discontinued operations for the nine months ended September 30, 2022, was RMB 624,864, reflecting a consistent performance in this segment[55] - NetEase reported a net income of RMB 6,621,000 for the three months ended September 30, 2022, representing a 30.0% increase from RMB 5,096,835 in the previous quarter[58] - Non-GAAP net income from continuing operations attributable to the Company's shareholders for the nine months ended September 30, 2022, was RMB 17,997,055, a 36.5% increase from RMB 13,166,332 for the same period in 2021[66] - The net cash provided by operating activities for the three months ended September 30, 2022, was RMB 7,486,309, up from RMB 6,631,159 in the previous quarter, indicating a growth of 12.9%[58] Expenses and Costs - Total operating expenses rose to RMB 9.0 billion (US$ 1.3 billion), a 12.0% increase compared to Q3 2021[5] - Total operating expenses for the three months ended September 30, 2022, were RMB 9,002,116, an increase from RMB 7,995,160 in the previous quarter[55] - Research and development expenses for the three months ended September 30, 2022, amounted to RMB 3,969,156, compared to RMB 3,581,700 for the three months ended June 30, 2022[55] - The total cost of revenues for the three months ended September 30, 2022, was RMB 10,682,868, reflecting a 2.9% increase from RMB 10,379,981 in the same period of 2021[62] - The Company reported a share-based compensation cost of RMB 190,645 included in the cost of revenues for the three months ended September 30, 2022[65] Assets and Liabilities - As of September 30, 2022, total cash and cash equivalents were RMB 94.6 billion (US$ 13.3 billion), up from RMB 85.6 billion at the end of 2021[33] - Total current assets increased from RMB 113.1 billion on December 31, 2021, to RMB 131.6 billion on September 30, 2022[54] - Total assets rose from RMB 153.6 billion on December 31, 2021, to RMB 172.7 billion on September 30, 2022[54] - Total liabilities increased from RMB 54.2 billion on December 31, 2021, to RMB 63.1 billion on September 30, 2022[54] - NetEase's shareholders' equity grew from RMB 95.3 billion on December 31, 2021, to RMB 105.4 billion on September 30, 2022[54] Shareholder Actions - The Company announced a new share repurchase program of up to US$5.0 billion, effective for a period not to exceed 36 months[36] - As of September 30, 2022, approximately 27.0 million ADSs had been repurchased for a total cost of US$2.5 billion under the previous program[35] - NetEase purchased approximately 2.3 million ADSs of Youdao for a total cost of US$20.7 million as of September 30, 2022[37] - The Company also acquired approximately 0.7 million ordinary shares of Cloud Music for a total cost of US$6.9 million during Q3 2022[38] - The company paid dividends totaling RMB 1,617,574 to shareholders during the three months ended September 30, 2022, an increase from RMB 1,403,637 in the previous quarter[60] Market Outlook and Risks - Forward-looking statements indicate potential risks including market growth and regulatory changes that could impact operations and financial results[46] Other Financial Metrics - The company experienced a significant increase in exchange gains, reporting RMB 1,398,045 for the three months ended September 30, 2022, compared to RMB 865,283 in the previous quarter[55] - The total depreciation and amortization expense for the three months ended September 30, 2022, was RMB 713,852, compared to RMB 609,036 in the previous quarter, reflecting increased investment in assets[58] - The fair value changes of equity security investments resulted in a gain of RMB 680,019 for the three months ended September 30, 2022, down from RMB 735,159 in the previous quarter[58] - The company reported an allowance for expected credit losses of RMB 44,126 for the three months ended September 30, 2022, compared to RMB 10,965 in the previous quarter, indicating a rise in credit risk provisions[58] - Net cash used in financing activities for the three months ended September 30, 2022, was RMB 7,184,847, a decrease from RMB 14,894,466 in the previous quarter, showing improved cash management[60] - Net cash provided by investing activities for the three months ended September 30, 2022, was RMB 987,020, a recovery from a cash outflow of RMB 1,183,181 in the previous quarter[60] - The effect of exchange rate changes on cash and cash equivalents was a gain of RMB 3,470 for the three months ended September 30, 2022, compared to RMB 74,898 in the previous quarter[60] Segment Performance - The Company’s innovative businesses and others segment generated net revenues of RMB 1,967,972 for the three months ended September 30, 2022, up 13.5% from RMB 1,733,106 in the same period of 2021[62] - The Company achieved a gross profit margin of 14.2% for Cloud Music in the three months ended September 30, 2022, compared to 2.2% in the same period of 2021[62] - The gross profit margin for games and related value-added services improved to 65.0% for the three months ended September 30, 2022, compared to 61.3% in the same period of 2021[62] - The Company’s total net revenues for the nine months ended September 30, 2022, were RMB 71,141,680, an increase of 12.5% from RMB 63,232,461 for the same period in 2021[62]

NetEase, Inc. (NASDAQ:NTES) Q2 2022 Earnings Conference Call August 18, 2022 7:00 AM ET Company Participants Margaret Shi - Director, Investor Relations Charles Yang - Chief Financial Officer William Ding - Chief Executive Officer Conference Call Participants Yang Bai - CICC Thomas Chong - Jefferies Kenneth Fong - Credit Suisse Lincoln Kong - Goldman Sachs Alicia Yap - Citigroup Natalie Wu - Haitong International Charlene Liu - HSBC Alex Poon - Morgan Stanley Operator Good day, and welcome to the NetEase 20 ...

Financial Performance - NetEase's net revenue for Q2 2022 was RMB 23.2 billion (USD 3.5 billion), representing a year-over-year increase of 12.8%[4] - Revenue from games and related value-added services reached RMB 18.1 billion (USD 2.7 billion), up 15.0% year-over-year[4] - Youdao's net revenue was RMB 956.2 million (USD 142.8 million), a decrease of 26.1% year-over-year[4] - Cloud Music's net revenue increased to RMB 2.2 billion (USD 327.2 million), reflecting a year-over-year growth of 29.5%[4] - Gross profit for Q2 2022 was RMB 12.9 billion (USD 1.9 billion), a 15.7% increase compared to the previous year[4] - The company reported a net profit attributable to shareholders from continuing operations of RMB 4.7 billion (USD 696.7 million)[5] - Net revenue for the six months ended June 30, 2022, was RMB 46,714,920, representing an increase from RMB 41,041,712 for the same period in 2021, a growth of approximately 13.5%[32] - Gross profit for the six months ended June 30, 2022, was RMB 25,777,870, up from RMB 22,242,253 in the previous year, indicating a growth of about 15.4%[32] - Net profit attributable to shareholders for the six months ended June 30, 2022, was RMB 9,685,499, an increase from RMB 7,980,906 in the same period of 2021, representing a growth of around 21.3%[32] - Basic earnings per share for the six months ended June 30, 2022, was RMB 2.96, compared to RMB 2.38 for the same period in 2021, an increase of approximately 24.4%[32] Operating Expenses and Margins - Total operating expenses in Q2 2022 amounted to RMB 7,995.2 million (USD 1,193.6 million), an increase from RMB 7,329.3 million in the previous quarter and RMB 7,431.5 million year-over-year, mainly due to higher marketing expenses for games and increased personnel and R&D costs[12] - The gross margin for online education was 42.8%, down from 53.1% in the previous quarter and 52.3% year-over-year, primarily due to the cessation of subject-based extracurricular training services[11] - The gross margin for cloud music improved to 13.0% in Q2 2022, compared to 12.2% in the previous quarter and 4.1% year-over-year, driven by increased revenue from membership subscriptions and social entertainment services[11] - The total operating costs for the six months ended June 30, 2022, were RMB 20,937,050, an increase from RMB 18,799,459 in the same period of 2021, representing a rise of about 11.4%[34] - The gross profit margin for online games and related value-added services was 64.9% for the six months ended June 30, 2022, compared to 63.5% for the same period in 2021[34] Cash Flow and Investments - The net cash inflow from operating activities in Q2 2022 was RMB 6.6 billion (USD 990.0 million), compared to RMB 4.6 billion in the previous quarter and RMB 4.7 billion year-over-year[19] - The company reported a net cash outflow from investing activities of RMB 5,543,230 for the six months ended June 30, 2022, compared to RMB 11,037,737 in the same period of 2021, showing a significant reduction in cash outflow[33] - The net cash inflow from financing activities for the six months ended June 30, 2022, was RMB 1,977,256, an increase from RMB 2,288,974 in the previous year, reflecting a decrease of approximately 13.6%[33] - The company experienced a decrease in cash and cash equivalents at the end of the period, with a balance of RMB 17,376,115 compared to RMB 19,552,450 at the end of the previous year, representing a decline of about 11.1%[33] Shareholder Returns - The company approved a quarterly dividend of USD 0.0720 per share (USD 0.3600 per American Depositary Share) for Q2 2022, with payment expected on September 13, 2022[17] - The company repurchased approximately 23.6 million American Depositary Shares for a total of about USD 2.3 billion under its buyback plan as of June 30, 2022[22] Game Development and Updates - The popular game "Naraka: Bladepoint" received significant updates and launched its Xbox version in June 2022[5] - The game "Diablo® Immortal™," co-developed with Blizzard Entertainment, topped iOS download charts in multiple regions[5] - NetEase plans to expand its game development pipeline with upcoming titles including mobile versions of "Naraka: Bladepoint" and "Harry Potter: Magic Awakened" for overseas markets[5] Company Overview and Strategy - NetEase is a leading internet technology company in China, focusing on content innovation and a rich product matrix in the gaming ecosystem[24] - The company has developed and operated several popular mobile and PC games in China, leveraging its strong internal R&D capabilities[25] - NetEase's other businesses include Youdao, which provides intelligent learning services, and Cloud Music, a leading online music service in China[25] - The company has received an A rating from MSCI for its ESG performance, highlighting its commitment to environmental, social, and governance standards[25] Risks and Future Outlook - Forward-looking statements indicate potential risks, including market growth stagnation and regulatory changes affecting operations[26] - Non-GAAP financial metrics are used to assess operational performance, excluding stock-based compensation expenses[28] - NetEase defines non-GAAP net profit attributable to shareholders as net profit excluding stock-based compensation expenses[28] - The company emphasizes the importance of considering all financial indicators rather than relying solely on non-GAAP metrics[29] Conference Call Information - The earnings conference call is scheduled for August 18, 2022, to discuss quarterly performance and answer questions[23] - The conference call will be available for replay until August 31, 2022, providing further insights into the company's performance[23] Balance Sheet Highlights - Total assets increased from RMB 153.64 billion to RMB 168.18 billion, representing a growth of 9.99%[31] - Current assets rose from RMB 113.12 billion to RMB 128.01 billion, an increase of 13.12%[31] - Cash and cash equivalents increased from RMB 14.50 billion to RMB 16.46 billion, a growth of 13.54%[31] - Total liabilities increased from RMB 54.22 billion to RMB 63.27 billion, reflecting a rise of 16.93%[31] - Short-term borrowings increased significantly from RMB 19.35 billion to RMB 28.03 billion, a jump of 44.73%[31] - Shareholders' equity rose from RMB 99.28 billion to RMB 104.76 billion, an increase of 5.00%[31] - Inventory decreased from RMB 964.73 million to RMB 843.77 million, a decline of 12.52%[31] - Non-current assets totaled RMB 40.52 billion, slightly down from RMB 40.17 billion, a decrease of 0.86%[31] - Accounts receivable net value decreased from RMB 5.51 billion to RMB 5.21 billion, a decline of 5.45%[31] - The company reported a total of RMB 12.13 billion in contract liabilities, a slight increase from RMB 12.32 billion, reflecting a growth of 1.64%[31]

Exhibit 99.1 Contact for Media and Investors: Margaret Shi Email: ir@service.netease.com Tel: (+86) 571-8985-3378 Twitter: https://twitter.com/NetEase_Global NetEase Announces Second Quarter 2022 Unaudited Financial Results (Hangzhou- August 18, 2022)- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financ ...

NetEase, Inc. (NASDAQ:NTES) Q1 2022 Earnings Conference Call May 24, 2022 8:00 AM ET Company Participants Margaret Shi - Director, Investor Relations Charles Yang - Chief Financial Officer William Ding - Chief Executive Officer Conference Call Participants Alicia Yap - Citigroup Jialong Shi - Nomura Felix Liu - UBS Lincoln Kong - Goldman Sachs Natalie Wu - Haitong International Thomas Chong - Jefferies Operator Good day, and welcome to the NetEase First Quarter 2022 Earnings Conference Call. Today’s confere ...