8月14日港股盘后，网易发布2025年第二季度财报。 但需注意的是，近期，网易旗下多款游戏爆发运营事件，包括旗下女性向游戏《世界之外》因新卡池涨 价且未提前公告遭大规模投诉；《阴阳师》《第五人格》《光遇》《一梦江湖》等多款游戏突发登录异 常；旗下两款武侠题材游戏《燕云十六声》《逆水寒》近期因AI玩法撞车"内讧"…… 其他业务方面，网易云音乐为网易旗下第二大业务板块，该业务当季实现净收入20亿元，同比下滑 3.5%。具体来看，在线音乐服务收入保持增长态势，但社交娱乐服务及其他业务收入的下滑拖累了整 体表现。 营收增幅为负业务板块还有其创新及其他业务。该季，该板块的净收入为17亿元，同比减少17.8%，财 报解释称，主要受网易严选、广告服务和其他一些业务净收入减少。 相比之下，网易有道当季净收入为14亿元，同比增长7.2%，经营利润为2880万元，首次实现二季度盈 利。其中，在线营销服务和学习服务两大板块在有道AI技术的推动下实现净收入增加，另外，有道通 过加强与网易游戏和其他游戏广告商在国内外活动中的合作，驱动当季游戏广告收入同比增长，但智能 硬件收入同比下滑23.9%至1.27亿元。 财报显示，截至2025年 ...

Group 1 - The core index, the China Securities Hong Kong Mainland Stock 50 Index, experienced a decline of 0.26% to 3002.62 points, with a trading volume of 103.38 billion yuan on August 14 [1] - Over the past month, the index has increased by 5.59%, by 7.99% over the last three months, and has risen by 24.33% year-to-date [1] - The index is designed to reflect the overall performance of Chinese concept securities listed on global exchanges, with a base date of December 31, 2004, and a base point of 1000.0 [1] Group 2 - The top ten weighted stocks in the index include Tencent Holdings (10.93%), Alibaba-W (9.96%), Xiaomi Group-W (7.11%), and others, with a total market share of these stocks contributing significantly to the index [1] - The index's holdings are entirely composed of stocks listed on the Hong Kong Stock Exchange, indicating a focused investment strategy [1] Group 3 - The industry composition of the index shows that consumer discretionary accounts for 31.60%, communication services for 21.93%, and financials for 21.62%, among other sectors [2] - The index undergoes adjustments every six months, with sample adjustments occurring on the second Friday of June and December, allowing for a maximum sample change of 10% [3] - A buffer zone is established for the index adjustments, prioritizing new samples ranked in the top 40 and retaining old samples ranked in the top 60 [3]

Group 1 - The core index, the CESHKM, experienced a decline of 0.33%, closing at 6880.32 points with a trading volume of 906.03 billion [1] - Over the past month, the CESHKM index has increased by 4.96%, by 7.28% over the last three months, and has risen by 23.32% year-to-date [1] - The CESHKM index is part of a series of indices that reflect the overall performance of large and mid-cap securities listed in Shanghai, Shenzhen, and Hong Kong, with a base date of December 31, 2004, and a base point of 2000.0 [1] Group 2 - The top ten holdings in the CESHKM index include Tencent Holdings (11.02%), Alibaba-W (10.05%), Xiaomi Group-W (7.86%), and others, indicating a concentration in major tech and financial firms [1] - The index is fully composed of stocks listed on the Hong Kong Stock Exchange, with the largest sector being consumer discretionary at 30.46%, followed by communication services at 23.17% and financials at 21.98% [2] - The industry breakdown of the CESHKM index shows a diverse allocation, with technology at 10.63%, energy at 5.98%, and healthcare at 3.08%, among others [2]

NetEase (NTES) Q2 2025 Earnings Call August 14, 2025 08:00 AM ET Company ParticipantsBrandi Piacente - Investor RelationsBill Pang - VP - Corporate DevelopmentYang Liu - Executive DirectorYang Bai - Asset Management InternRitchie Sun - Director - Internet researchFelix Liu - Executive DirectorMiranda Zhuang - Equity Research - InternetLincoln Kong - Executive DirectorWilliam Ding - Founder, Director & CEOJialong Shi - Head of China Internet Equity ResearchConference Call ParticipantsAlicia Yap - Equity Rese ...

NetEase (NTES) Q2 2025 Earnings Call August 14, 2025 08:00 AM ET Speaker0Good day, and welcome to the NetEase Second Quarter twenty twenty five Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Brandi Piacente. Please go ahead.Speaker1Thank you, operator. Please note that today's discussion will contain forward looking statements relating to the future performance of the company and are intended to qualify for the Safe Harbor from liabi ...

Core Viewpoint - The company's second-quarter performance was slightly below market expectations, primarily due to a slowdown in its gaming business, which remains its core revenue driver [3][6][8]. Financial Performance - Total revenue for Q2 was 27.9 billion RMB, a year-on-year increase of 9.4%, but below the expected 28.4 billion RMB [6]. - Gross profit reached 18.1 billion RMB, a year-on-year growth of 12.5%, maintaining a high gross margin of 64.9% [6][14]. - Net profit was 8.6 billion RMB, up 27.25% year-on-year, but down 16.5% quarter-on-quarter, influenced by fluctuations in investment income and increased operating expenses [6][15]. - The company announced a dividend of 0.57 USD per ADS and has executed a share buyback plan worth 2 billion USD [6]. Core Business - Online gaming revenue was 22.8 billion RMB, a year-on-year increase of 13.7%, but a quarter-on-quarter decline of 5%, indicating a slowdown in growth momentum [6][8]. - The gaming business's gross profit was 16.01 billion RMB, slightly exceeding expectations, highlighting ongoing cost control pressures [9]. - Notable product performance included "Dream of Dreams" achieving a peak concurrent player count of over 2.93 million, showcasing the enduring appeal of long-standing IPs [10]. Non-Gaming Business - Net revenue from NetEase Cloud Music was 2 billion RMB, a slight year-on-year decline of 3.5%, reflecting structural changes in user payment habits [11]. - Youdao's performance was relatively stable, with net revenue of 1.4 billion RMB, a year-on-year increase of 7.2% [12]. - Revenue from innovation and other businesses fell sharply by 17.8% to 1.7 billion RMB, primarily due to declines in NetEase Yanxuan and advertising services [13]. Cash Position and Profitability - The company maintained a strong cash position with net cash of 142.1 billion RMB, an 8.1% increase from the beginning of the year [16]. - Operating cash flow was 10.9 billion RMB, although it decreased by 10% quarter-on-quarter, still indicating a healthy cash flow situation [16]. Future Outlook - The CEO emphasized the importance of exploring new player experiences and expanding self-developed IP products, with upcoming titles like "Forgotten Sea" and "Return to Tang" being critical for assessing the company's innovation and international strategy [17]. - The ongoing expansion of Blizzard games in the Chinese market, including new content for "Hearthstone" and "World of Warcraft," is expected to provide new growth opportunities [17].

Investor Relations August 14, 2025 NetEase 2Q25 Investor Presentation This announcement contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. In addition, statements that are not historical facts, including s ...

8月14日，网易发布2025年第二季度财报。财报显示，网易Q2净收入279亿元，同比增长9.4%；非公认 会计准则下归属于公司股东的净利润为95亿元，同比增长21.8%。 在多款核心游戏的带动下，网易本季度延续了强劲业绩。数据显示，《燕云十六声》推出了凉州与暑期 版本后，游戏热度持续攀升，iOS免费榜多次稳居前二，截至7月底累计用户已超4000万。依托长线运 营能力，经典IP《梦幻西游》电脑版同时在线人数创下新高，而手游季度收入也再创新高。 分版块来看，游戏仍然是网易的绝度核心业务，二季度，游戏及相关增值服务净收入为228亿元。 网易有道Q2净收入达14亿元，在"AI原生"战略下，实现连续第四个季度的可持续盈利。网易云音乐Q2 净收入20亿元，同比基本持平。 值得一提的是，本季度网易游戏多款新品也突破北美市场。《界外狂潮》主机版本发布后登上 PlayStation的5月免费游戏下载榜北美地区第二；《全明星街球派对》《漫威秘法狂潮》海外发行后， 横扫多地区iOS下载榜榜首，双双跻身美国下载榜TOP2；《七日世界》推出2.0版本，登上Steam全球畅 销榜第四；《漫威争锋》推出第三赛季及夏日特辑活动， 先后斩获S ...

"本季度，我们推出各种精彩纷呈的新品内容，进一步拓展了我们的玩家社群。得益于具有广泛影响力 和品类开创性的游戏产品，我们作为游戏行业创新者的地位进一步巩固，"网易首席执行官兼董事丁磊 先生说。"我们始终坚持以创新的産品设计、系统化的执行方法以及深入的社群互动为核心，推动业务 前进。这些能力正是我们在多年运营中逐步培养起来的，而我们强大的技术背景也为此提供了有力支 持。我们将会持续探索新的玩家体验，壮大自研 IP 産品，打造长青游戏，并与我们的全球合作伙伴共 同成长。" "游戏业务之外，我们同样致力于创新，不断优化我们的産品和内容，为我们的用户、合作伙伴和股东 们提供长期价值。"丁磊先生总结道。 智通财经APP讯，网易-S(09999)公布2025年第二季度业绩，净收入为人民币 279 亿元(39 亿美元)，同比 增加 9.4%。 毛利润为人民币 181 亿元(25 亿美元)，同比增加 12.5%。 归属于公司股东的净利润为人民 币 86 亿元(12 亿美元)，同比增长27.26%;基本每股净利润为 0.38美元，第二季度股利为每股 0.1140 美 元。 其中，游戏及相关增值服务净收入为人民币 228 亿元( ...

Email: ir@service.netease.com Tel: (+86) 571-8985-3378 Contact for Media and Investors: NetEase Announces Second Quarter 2025 Unaudited Financial Results Hangzhou, China, August 14, 2025 - NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights [1] As used in this announcement, non-GAAP net income attributable to ...