NTES(NTES) - 2023 Q2 - Quarterly Report

First Quarter 2023 Financial Highlights · Net revenues were RMB25.0 billion (US$3.6 billion), an increase of 6.3% compared with the first quarter of 2022. · Games and related value-added services net revenues were RMB20.1 billion (US$2.9 billion), an increase of 7.6% compared with the first quarter of 2022. · Youdao net revenues were RMB1.2 billion (US$169.4 million), a decrease of 3.1% compared with the first quarter of 2022. · Cloud Music net revenues were RMB2.0 billion (US$285.4 million), a decrease of ...