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 ...

Core Viewpoint - NetEase, Inc. is expected to report Q2 earnings with a focus on its mobile gaming segment and financial health, maintaining a buy rating due to promising game releases and a strong cash position [1][5]. Financial Expectations - Analysts predict a top line of $3.65 billion, with non-GAAP EPS at $1.67 and GAAP EPS at $1.52, indicating a sequential revenue decline of approximately 2% but a year-over-year growth of about 10% [2]. - The company has missed revenue expectations in 6 out of the last 10 quarters, while only missing EPS once [2]. Game Releases and Updates - The mobile game Eggy Party is anticipated to receive further updates, crucial for maintaining player engagement, as it is over two years old [3]. - Naraka: Bladepoint Mobile, released in China, has over 40 million pre-registrations and is projected to generate $880 million in its first year, contributing around 6% to total FY23 revenues [3]. - Once Human has received positive reviews, and there is interest in its potential console release [3]. - Marvel Rivals has shown improved reception post-closed beta, with expectations for it to generate revenue if the free-to-play model is executed well [4]. Financial Position and Margins - As of Q1 '24, NetEase holds nearly $19 billion in cash and equivalents with minimal debt of $59 million, indicating a robust financial position [4]. - Gross margins are expected to be in the range of 69%-70%, with a year-over-year improvement of around 300 basis points noted in the last quarter [4]. Market Outlook - The company is expected to perform decently in Q2, with future quarters being critical for assessing top-line growth [5]. - The mobile gaming market, particularly in Asia, presents significant opportunities for growth, as many gamers seek engaging mobile experiences [5].

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 ...

HANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the 2024 second quarter on Thursday, August 22, 2024, before the open of the U.S. markets.The earnings teleconference call with simultaneous webcast will take place at 8:00 a.m. Eastern Time on Thursday, August 22, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, August 22, 2024). NetE ...

HANGZHOU, China, July 17, 2024 /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 special partnership with Timbaland's Beatclub™ ("Beatclub") to unleash creativity and foster innovation across China's growing music scene. Under the collaboration, hundreds of signature, premium Beatclub beats will be introduced to NetEase Cloud Music's Beatsoul, China's premier beat ...

Investment Rating - The report maintains a Buy rating on NetEase Inc. (NTES/9999.HK) with a 12-month target price of US$125/HK$196 [7][38]. Core Insights - Improving fundamentals are noted, particularly with the confirmed release date of Naraka Bladepoint Mobile on July 25, 2024, and positive feedback from the second round of testing [2][38]. - The report highlights that the competition risk from Tencent's Honour of Fight is likely milder than expected, suggesting potential coexistence of both games within the same genre [3]. - The potential revamp of the publishing team for Where Wind Meet PC is mentioned, indicating a strategic move in response to market conditions [6][13]. Summary by Sections Game Launch and Market Response - Naraka Bladepoint Mobile's launch announcement led to a 6% increase in NetEase's share price on June 26, 2024, aligning with market expectations [2]. - Positive feedback from the second round of testing for Naraka Bladepoint Mobile indicates improved performance optimization [2][12]. Competitive Landscape - The report assesses Tencent's Honour of Fight, suggesting that its earlier stage of development may allow for coexistence with Naraka Bladepoint, despite both being in the action royale genre [3]. - The report notes that 88 out of 170+ FWJ PC servers are experiencing currency depreciation week-over-week, while some servers show early signs of improvement [3][13]. Valuation and Financial Metrics - The report indicates a total return potential of 34.4% based on the current share price of US$93.04 [17][39]. - Financial metrics include a projected revenue increase from Rmb 103,468.2 million in 2023 to Rmb 132,829.2 million by 2026, alongside an EBITDA growth from Rmb 33,966.2 million to Rmb 44,162.1 million in the same period [40].

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