Ge Long Hui A P P·2025-11-20 08:54Core Viewpoint - NetEase reported third-quarter revenue of 28.36 billion yuan, representing a year-on-year growth of 8.2%, but below market expectations of 29.22 billion yuan [1] Financial Performance - Gross profit for the third quarter was 18.2 billion yuan, compared to market expectations of 18.64 billion yuan [1] - Non-GAAP net profit attributable to shareholders was 9.5 billion yuan, up from 7.5 billion yuan in the same period last year [1] - Adjusted earnings per ADS for continuing operations were 14.73 yuan, slightly below the market estimate of 14.76 yuan [1] Research and Development - The company invested 4.5 billion yuan in research and development, with an R&D intensity of 16%, which is leading in the industry [1] Online Gaming Services - Net revenue from online gaming services was 23.3 billion yuan, falling short of market expectations of 23.88 billion yuan [1]