o u T a " L C 10% L 21 l e F 0 # on 1 04 0 E 5 I 0 n t r t t 1 0 一生 t a a cle I 0 T 0 le H 0 1 I l l n 1 I n 0 0 E 1 E 0 1 l 0 日 0 e D 1 BirgitKorber I last covered NetEase (NASDAQ:NTES) in July; I put out a Buy rating at the time, and since then, the stock has lost 12% in price, particularly following its Q2 results, released on August 22nd. The results showed top-line strength but bottom-line weakness, which, while immediately concerning and caused a stock sell-off, is not likely to last into FY25 and bey ...

Key TakeawaysNetEase posted second-quarter net income that fell 17% year-over-year and missed expectations.Games and related revenue rose, driven by solid performances from its Naraka: Bladepoint and Identity V titles.The company's stock fell 11.17% after the earnings were released. NetEase (NTES) American depository receipts (ADRs) tumbled as the company’s second-quarter profit failed to meet expectations despite growing video game revenue. The Chinese internet and games company posted a net income of 6.8 ...

NetEase 2Q24 Investor Presentation Investor Relations August 22, 2024 SAFE HARBOR STATEMENT 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 histori ...

NetEase, Inc. (NASDAQ:NTES) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Brandi Piacente - President, Piacente Financial Communications William Ding - Founder, Director & CEO Bill Pang - VP, Corporate Development Operator At this time, I would like to turn the conference over to Brandi Piacente. Please go ahead. Thank you, operator. Please note that todayÂ's discussion will contain forward-looking statements relating to the future performance of the company and are intended to qualify for the ...

Exhibit 99.1 Contact for Media and Investors: Email: ir@service.netease.com Tel: (+86) 571-8985-3378 NetEase Announces First Quarter 2024 Unaudited Financial Results Hangzhou, China, May 23, 2024 - 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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights · Net revenues were RMB26.9 billion (US$3.7 billion), an incre ...

NetEase Announces Second Quarter 2024 Unaudited Financial Results Net revenues were RMB25.5 billion (US$3.5 billion), an increase of 6.1% compared with the same quarter of 2023. Contact for Media and Investors: Email: ir@service.netease.com Tel: (+86) 571-8985-3378 Second Quarter 2024 Financial Highlights Youdao net revenues were RMB1.3 billion (US$181.9 million), an increase of 9.5% compared with the same quarter of 2023. Innovative businesses and others net revenues were RMB2.1 billion (US$284.5 million), ...

HANGZHOU, China, Aug. 22, 2024 /PRNewswire/ -- 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, 2024.Second Quarter 2024 Financial HighlightsNet revenues were RMB25.5 billion (US$3.5 billion), an increase of 6.1% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.1 billion (US$2.8 billion), an increase ...

HANGZHOU, China, Aug. 22, 2024 /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 first half of 2024 ended June 30, 2024.Summary of Key Financial Metrics (RMB in thousands, unless otherwise stated)Six months ended 30 June 2024 2023 (Unaudited) (Unaudited) Revenue 4,070,493 3,908,380 Gross profit 1,425,731 965,147 Profit before income tax 813,578 311,961 Profit fo ...

PonyWang Introduction NetEase, Inc. (NASDAQ:NTES) is going to report its Q2 earnings pre-market on the 16th of August, so I wanted to cover what to expect from the numbers and what I am looking for from the company. The company has many good releases on the horizon, continual updates on existing cash cows like Eggy Party, and its cash pile warrants the company's buy rating to be maintained. Since the last time I covered the company, the shares have not done too well. However, the last couple of days brought ...

HANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced that it will report its financial results for the first half of 2024 ended June 30, 2024 on Thursday, August 22, 2024, 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, August 22, 2024 (7:00 a.m. U.S. Eastern Time on the same day). Details f ...