Core Viewpoint - NetEase (NTES.US) reported a decline of 5.3% in pre-market trading, with shares priced at $126.35, following the release of its third-quarter earnings which fell short of market expectations [1] Financial Performance - The company reported third-quarter revenue of 28.36 billion yuan, representing a year-on-year increase of 8.2%, but below the market estimate of 29.22 billion yuan [1] - Gross profit for the quarter was 18.2 billion yuan, also missing the market forecast 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 from continuing operations were 14.73 yuan, slightly below the market expectation 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 the market estimate of 23.88 billion yuan [1] Other Revenue Streams - Revenue from innovative businesses and other sources was 1.4 billion yuan, showing a decline of 18.9% [1]